gif Sukuk


GROWTH AND PROSPECT OF SUKUK IN ISLAMIC FINANCE


Author: Mohamad Zaid Mohd Zin, Centre for Islamic Thought and Understanding, University Technology Mara, Malaysia


Abstract: Over the past decade, Islamic finance has been growing at an average rate of more than 30 percent per year. This impressive performance has greatly benefited many national economies, irrespective of faith or race, by fostering significant growth and increased employment opportunities. No doubt, Islamic finance has been identi- fied as one of the important growth areas for the National Key Economic Activities. Today, Sukuk (Islamic bond) is among the most successful Islamic financial product in the industry and one of the fastest-growing sectors in the global financial landscape. However, this operation is still new in the market, and only limited research has been undertaken on this topic. In view of this limitation, this article aims to explore the prac- tice and prospect of the Sukuk market in Malaysia. The application and mechanics of Sukuk market will also be discussed. The article also aims to look at the differences between the Sukuk market and the conventional market. Subsequently, understand- ing among the investors was also examined, and opportunities and challenges that need to be addressed will be reviewed. As will be evident in this article, this system has its own advantages and values, making it the system of choice in meeting specific investment interests and needs.


Keywords: Effectiveness, Financing, Sukuk, Bond, Islam 52 Global Islamic Finance April 2012


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88