Issuing Islamic Sukuk Internationally: Reality and Challenges
Abstract
The present study aims to shed light on the importance of Islamic sukuk, which has witnessed great demand and rapid spread in recent years in both Islamic and non-Islamic countries alike, as one of the most important and promising Islamic financial industrial products, and one of the best means of attracting real savings and collecting the necessary funds, to finance various development projects economically and socially in legitimate ways.
On this basis, this research paper revolves around the conceptual framework of Islamic sukuk, with an attempt to clarify the process of issuing Islamic sukuk and highlight the necessary steps and parties involved for its issuance. On the same line of thought, this study seeks to explore the role and importance of issuing Islamic sukuk, in order to finally identify the most important obstacles and challenges facing this industry and threatening its growth and development
References
Accounting and Auditing Organization for Islamic Financial Institutions. (2007). Shariah Standards. Bahrain.
Ali Al-Jarhi and Abdul-Azim Jalal Abu Zaid. (2010). Islamic Sukuk Markets and Means of Improving them, including the Structural and Regulatory Aspects”,, Unit. a working paper submitted to the episode: “Islamic Sukuk: Its Nature and Applications. United Arab Emirates .
Amani Bouresli. (بلا تاريخ). Credit Rating and its Relationship to Basel II . Kuwait: Capital Stones Publications.
Hussain Hamid Hassan. (2010). What are Islamic Sukuk: Characteristics, Issuance, Uses, and the Most Important Fiqh Issues Related to them.
Institutions, The Accounting and Auditing Organization for Islamic Financial. (2007). Shari'a Standards for Islamic Financial Institutions. Bahrain.
Islamic Financial Services Board. (01, 2009). Standard No. (7). تم الاسترداد من http://www.ifsb.org/published.php
Khaled Al-Shayji and Abdullah Yousef Al-Hajji. (2005). Shariah Investment Sukuk . a working paper presented to the conference: "Islamic Financial Institutions. United Arab Emirates.
Mohsen Ahmed Al-Khudairi. (1990). Islamic Banks . Cairo: Itrac for Publishing and Distribution.
Morsi El-Sayed Hegazy. (2014). The Islamic Sukuk Industry between Reality and Challenges and Lessons from the Egyptian Experience. ” a working paper presented to the conference: “Products and Applications of Innovation and Islamic Financial Engineering between the Conventional Financial Industry and the Islamic Financial Industry . Setif.
Muhammad Ali Al-Qari. (2015). How Sukuk Complies with the provisions of Islamic Sharia. The Seventh Conference of Sharia Boards of Islamic Financial Institutions. Bahrain.
Walid Al-Aujan. (2015). through his article titled “Islamic Sukuk and its Contemporary Applications. United Arab Emirates: Islamic Economic Fiqh Forum.
Walid Khaled Al-Shayji and Abdullah Yousef Al-Hajji. (2005). Shariah Investment Sukuk . a working paper presented to the conference: "Islamic Financial Institutions . United Arab Emirates.
