Raising Capital on Ṣukūk Markets
Structural, Legal and Regulatory Issues
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Beschreibung
Ṣukūk markets have grown significantly worldwide since their emergence— in Islamic jurisdictions as well as conventional jurisdictions including the US, the UK, Germany, China, France and Singapore. The practices of ṣukūk markets, however, have come under close scrutiny. The legal and regulatory risks arising from the existing general legal environment and their impact on those investing and trading in ṣukūk markets has not received adequate attention. The topic of ṣukūk has been subject to extensive research and academic discussion from different perspectives, but the existing literature has not adequately addressed the issues associated with these markets. This book examines the contemporary issues encountered in the foundation and operation of ṣukūk markets by providing an in-depth discussion of the issues facing ṣukūk markets from legal and regulatory perspectives and focusing attention on how soundness can be ensured in the wider context. These issues go to the heart of what the ṣukūk market is really about, as recent debate has recognised in ṣukūk the replication of conventional bonds in ways that are considered unsatisfactory from an Islamic law point of view.
Helps in identifying the main weaknesses in current sukuk structures practicesProvides a comparative approach by examining three major sukuk markets
Recommends solutions and remedies for the current underdeveloped state of sukuk markets
Helps in identifying the main weaknesses in current ?ukuk structures practices Provides a comparative approach by examining three major ?ukuk markets Recommends solutions and remedies for the current underdeveloped state of ?ukuk markets
Autor*in
Salim Al-Ali
Themen in »Raising Capital on Ṣukūk Markets«
financial law Islamic law capital markets Islamic finance financial markets sukuk Islamic financial markets Sharia governance asset-backed sukuk