Accounting issues in Sukuk issuance
Joint Authors
Biancone, Paolo Pietro
Shakhatirah, Muhammad Ziyad
Source
International Journal of Islamic Economics and Finance Studies
Issue
Vol. 2, Issue 3 (30 Nov. 2016), pp.95-108, 14 p.
Publisher
Centre of Political Economical and Social Research
Publication Date
2016-11-30
Country of Publication
Turkey
No. of Pages
14
Main Subjects
Abstract EN
This research aims to establish an accounting guideline for Sukuk issuance in non-financial companies and it has a special significance in solving various accounting problems during the Sukuk issuing process.
Online survey has been conducted to obtain the accountants’, academic and professional perceptions about the research questions, it covers several accounting issues, and it had received 25 on-line responses.
In conclusion, we point, among other things, that the IFRS are accepted to account for Sukuk transactions, as using Special Purpose Vehicle is necessary to issue Sukuk, it should be consolidated by the Originator as well; it showed that Sukuk certificate could represent ownership of assets, represent liability or claim on the SPV and Right of usufruct of Assets.
But the biggest part of respondents replied that Sukuk certificate should appear under liability.
American Psychological Association (APA)
Biancone, Paolo Pietro& Shakhatirah, Muhammad Ziyad. 2016. Accounting issues in Sukuk issuance. International Journal of Islamic Economics and Finance Studies،Vol. 2, no. 3, pp.95-108.
https://search.emarefa.net/detail/BIM-786274
Modern Language Association (MLA)
Biancone, Paolo Pietro& Shakhatirah, Muhammad Ziyad. Accounting issues in Sukuk issuance. International Journal of Islamic Economics and Finance Studies Vol. 2, no. 3 (Nov. 2016), pp.95-108.
https://search.emarefa.net/detail/BIM-786274
American Medical Association (AMA)
Biancone, Paolo Pietro& Shakhatirah, Muhammad Ziyad. Accounting issues in Sukuk issuance. International Journal of Islamic Economics and Finance Studies. 2016. Vol. 2, no. 3, pp.95-108.
https://search.emarefa.net/detail/BIM-786274
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 107-108
Record ID
BIM-786274