A shariah overview of credit strengthening for equity-based Sukuk in the Islamic capital market in Malaysia / Dziauddin Sharif and Mohd Asyadi Redzuan

Sharif, Dziauddin and Redzuan, Mohd Asyadi (2021) A shariah overview of credit strengthening for equity-based Sukuk in the Islamic capital market in Malaysia / Dziauddin Sharif and Mohd Asyadi Redzuan. In: 4th International Islamic Heritage Conference 2021 (ISHEC ’21). Academy of Contemporary Islamic Studies (ACIS), Alor Gajah, Melaka, p. 16. ISBN 978-967-2846-07-9

Abstract

The purpose of this paper to overview the potential of sukuk and shariah principles applied by industry players in the capital market in the process of strengthening credit mechanisms and practices based on previous studies. This study uses a qualitative approach in which fiqh books, journal articles and Islamic finance books and websites are the reference sources for data acquisition. Once collected, the information is selected, screened and classified into specific topics related to this study, which is to explore Islamic fiqh and finance experts’ view on the issue of credit consolidation in sukuk. Thus, this section divides the research methods into data collection and analysis. This study reviews the extent to which new sukuk-related studies have been able to grow, innovate and be able to resolve old issues that still haunt product structuring such as granting operator profit rights to sukuk investors. However, the survey also recognizes old findings that are still relevant such as the concept of tanazul which is the granting of profit rights to the management of sukuk if the profit rate exceeds expectations.

Metadata

Item Type: Book Section
Creators:
Creators
Email / ID Num.
Sharif, Dziauddin
UNSPECIFIED
Redzuan, Mohd Asyadi
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HJ Public Finance > Finance, Islamic
K Law > KBP Islamic law. Sharī'ah. Fiqh > Banks and banking. Qanun al-bunuk. Stock exchange
Divisions: Universiti Teknologi MARA, Melaka > Alor Gajah Campus > Academy of Contemporary Islamic Studies (ACIS)
Volume: 4
Page Range: p. 16
Keywords: Shariah overview; Credit strengthening; Equity-Based Sukuk, Islamic Capital Market
Date: 2021
URI: https://ir.uitm.edu.my/id/eprint/54212
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54212

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