Global Sukūk and Islamic Securitization Market: Financial Engineering and Product Innovation

Leiden: Brill, 2012. First edition. Hardcover. Fine. Octavo . xv, (1), 465, (1)pp. Index, 15 page bibliography and glossary of Arabic terms. Purple buckram lettered in white. A fine, as new copy.

The book discusses the Sukuk market, its developments, and the legal, Shar'iah, risks, and rating issues facing Sukuk. Securitisation as the best way forward for Sukuk structuring is emphasized and issues such as Sukuk listing, Sukuk index and Sukuk fund are highlighted. (OCLC)

The Sukūk market is the fastest growing segment of international finance. The study explores the dimension of this market, its growth globally and the main Sukūk markets. The liquidity in this market, the main currency denomination, the subscription diversification, the subprime crisis effects and the dominant structures are elaborated. The difference between sovereign and corporate Sukūk, the benefits and reasons behind Sukūk issuance as well as the Sharī‘ah basis are analysed. Securitisation as the best way forward for Sukūk structuring is scrutinized. The study also discusses the various legal, Sharī‘ah, financial and operational risks facing Sukūk as well as the default controversies. Finally the book examines the methodologies in rating Sukūk and highlights the issues of Sukūk listing, Sukūk index and Sukūk fund. (Publisher)

Contents: Islamic finance development and growth -- Concept and development of the sukūk market -- Shariah basis for the development of sukūk structures -- sukūk structures and case studies (ijarah sukūk) -- Global profit- loss sharing sukūk structures (musharakah mudarabah wakalah) -- Securitisation and sukuk -- Governing law in sukūk structures -- Shariah compliance harmonisation and governance -- Risk factors in sukūk structures -- Rating sukūk. (OCLC)

Volume 6 in the series, "Brill's Arab and Islamic Law[s].