Global ṣukūk and Islamic securitization market : : financial engineering and product innovation / / Muhammad al-Bashir Muhammad al-Amine.

• Superior document: Brill's Arab and Islamic law series, v. 6
• Author: Al-Amine, Muhammad al-Bashir Muhammad.
• Place / Publishing House: Leiden ;, Boston : : Brill,, 2012.
• Year of Publication: 2012
• Language: English
• Series: Brill's Arab and Islamic laws series ; 6.
• Physical Description: 1 online resource (481 pages) :; illustrations, charts

The Sukūk market is the fastest growing segment of international finance. The study explores the dimension of this market, its growth globally and the main Sukūk markets. The liquidity in this market, the main currency denomination, the subscription diversification, the subprime crisis effects and the dominant structures are elaborated. The difference between sovereign and corporate Sukūk, the benefits and reasons behind Sukūk issuance as well as the Sharī‘ah basis are analysed. Securitisation as the best way forward for Sukūk structuring is scrutinized. The study also discusses the various legal, Sharī‘ah, financial and operational risks facing Sukūk as well as the default controversies. Finally the book examines the methodologies in rating Sukūk and highlights the issues of Sukūk listing, Sukūk index and Sukūk fund.

Table of Contents

Islamic finance development and growth -- Concept and development of the sukūk market -- Shariah basis for the development of sukūk structures -- sukūk structures and case studies (ijarah sukūk) -- Global profit- loss sharing sukūk structures (musharakah mudarabah wakalah) -- Securitisation and sukuk -- Governing law in sukūk structures -- Shariah compliance harmonisation and governance -- Risk factors in sukūk structures -- Rating sukūk.