From “asset-backed” to “asset-light” structures : the intricate history of Sukuk
Author
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 1, Issue 1 (31 Dec. 2009), pp.103-126, 24 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2009-12-31
Country of Publication
Malaysia
No. of Pages
24
Main Subjects
Financial and Accounting Sciences
Religion
Law
Islamic Studies
Topics
- Islamic jurisprudence
- Foundations of Islamic jurisprudence
- Islamic law
- Financial transactions
- Ruling in Islam
- Securitization
- Deeds
- Asset-backed financing
Abstract EN
This paper traces the development of the Sukuk market through Sukuk case studies.
It discusses how Sukuk has evolved from an assetbacked structure, where Sukuk holders have ownership rights over the underlying asset, to an asset-based structure, where Sukuk holders rank pari passu with unsecured creditors.
This paper subsequently highlights the emergence of the asset-light structure, where the requirement of having tangible assets seems to be rather minimal.
It also discusses the Shariah concerns that arise in the asset-light structure.
American Psychological Association (APA)
Hanif, Rafi. 2009. From “asset-backed” to “asset-light” structures : the intricate history of Sukuk. ISRA International Journal of Islamic Finance،Vol. 1, no. 1, pp.103-126.
https://search.emarefa.net/detail/BIM-717751
Modern Language Association (MLA)
Hanif, Rafi. From “asset-backed” to “asset-light” structures : the intricate history of Sukuk. ISRA International Journal of Islamic Finance Vol. 1, no. 1 (Dec. 2009), pp.103-126.
https://search.emarefa.net/detail/BIM-717751
American Medical Association (AMA)
Hanif, Rafi. From “asset-backed” to “asset-light” structures : the intricate history of Sukuk. ISRA International Journal of Islamic Finance. 2009. Vol. 1, no. 1, pp.103-126.
https://search.emarefa.net/detail/BIM-717751
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 126
Record ID
BIM-717751
