تقييم عوائد صكوك المضاربة كأحد الادوات المالية الإسلامية : بحث تحليلي لعينة من المصارف الإسلامية المدرجة في بورصة لندن

Abstract EN

The process of evaluating mudarabah Sukuk returns based on the basic principlein the Islamic financial transactions, "al-ghunm bil ghurm" or profit and loss-sharing inorder to make the investment and financing decisions.

This subject has occupied amplespace of Islamic financial and banking sciences because adoption of interest rates as anindicator in determining the returns of sukuk, causing it to stagger the dealers with theIslamic financial Instruments, when making investment and financing decisions, since theinterest is not compatible in the Islamic law.

Moreover, investment in mudarabah sukukdoes not achieve its goal in achieving basic trade-off between return and risk associatedwith the performance and the value of what it stands for assets.

The research aimed toprovide a proposed sample for evaluating return of mudarabah Sukuk in accordance withthe right theoretical concept which does not depend on interest rates and be compatiblewith Islamic law.

To achieve the objective of the research, the banks that have issuanceof mudarabah sukuk in the London Stock Exchange has been selected (the biggest stocksin the issuance of sukuk in the world), which numbered three banks and by three issue asan area of research for the period (2012-2015).