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Browse by Author "Adebumiti Qazeem Adedamola"

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  • Publication
    Major sukuk defaults: Shari'ah compliance appraisal
    Adebumiti Qazeem Adedamola; Shamsher Mohamad Ramadili Mohd (INCEIF, 2019)

    This thesis examines the major sukuk defaults that have been experienced to date in the Islamic capital market. The total major cases that have been witnessed, according to Syed Ali (2016), are 10 major cases. A further dig by this study found that they are actually 11 major cases in total. Due to constraints and data availability, only 6 major cases were sampled. While previous studies have discussed sukuk defaults from many perspectives, few attention have, so far, been given to issues in sukuk default from a Shari'ah perspective. This study investigates some of the issues with the 6 major cases sampled from a Shari'ah perspective. Hence, the contribution of this research is germane from that angle. Data relating to each case were gathered using secondary data. The methodology adopted in analysing issues in the light of the objectives of this study, and in presenting the findings and conclusion is the inductive analysis approach ...

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