Islamic Finance: Issues in Sukuk and Proposals for Reform

by Mohammad Hashim Kamali (Editor), A.K. Abdullah (Editor)

Overview

This collection of essays brings together leading scholars and practitioners to discuss contemporary issues in the rapidly expanding sukuk market, and frankly debates the challenges facing it since the 2008 financial crisis.

Highly recommended for practitioners, scholars, and students of Islamic finance.

Professor Mohammad Hashim Kamali is the founding chairman and CEO of the International Institute of Advanced Islamic Studies (IAIS) in Malaysia, and is a leading authority in Islamic jurisprudence, Islamic finance, and human rights in Islamic law.

A.K. Abdullah is an assistant research fellow at the IAIS.

Product Details

ISBN-13:	9780860375517
Publisher:	Kube Publishing Ltd
Publication date:	01/13/2015
Pages:	200
Sales rank:	720,463
Product dimensions:	5.80(w) x 9.00(h) x 0.60(d)

About the Author

Mohammad Hashim Kamali: Professor Mohammad Hashim Kamali is the founding chairman and CEO of the International Institute of Advanced Islamic Studies (IAIS) in Malaysia, and is a leading authority in Islamic jurisprudence, Islamic finance and human rights in Islamic law.
A.K. Abdullah: A. K. Abdullah is an Assistant Research Fellow at the IAIS and previously lectured at the UniversitySains Islam Malaysia (USIM).

Table of Contents

Preface v

Introduction 1

1 The 'Ping-Pong' of the Asset-Backed/Asset-Based Sukuk Debate and the Way Forward Faizal Ahmad Manjoo 11

2 Unresolved Shan'ah Issues in Sukuk Structuring Muhammad Al-Bashir Muhammad Al-Amine 29

3 Sukuk: Perception, Innovation and Challenges Mohammed Imad Ali 57

4 Sukuk and Bonds: A Comparison Abdul Karim Abdullah 69

5 Measuring Sharf ah Compliance in Sukuk Ratings: A Survey of Existing Methodologies Sheila Ainon Yussof 96

6 Concession Rights as Underlying Assets for Sukuk Sirajulhaq Hilal Yasini Nermin Klopic 113

7 The Case for Receivables-Based Sukuk: A Convergence between Malaysian and Global Shan'ah Standards on Bay' al-Dayn? Rafe Haneef 144

Interviews

1 Abbas Mirakhor - 'Sukuk: Issues & Reforms' by Sheila Ainon Yussof 162

2 Raja Teh Maimunah - 'Issues in the Prevailing Financial Architecture with Special Reference to Sukuk' Zarina Nalla 167

Contributors' Biographies 177

Transliteration Table 181

Glossary 182

Index 192