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Shari'ah analysis of zakat on sukuk

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dc.contributor.authorMezbah Uddin Ahmed
dc.contributor.authorMoutaz Abojeib
dc.contributor.authorMahadi Ahmad
dc.contributor.authorMezbah Uddin Ahmed
dc.date.accessioned2022-02-28T03:40:31Z
dc.date.available2022-02-28T03:40:31Z
dc.date.issued2021
dc.description.abstractSukuk in its contemporary form as a financial instrument has gained prominence only over the last one to two decades. Like a share, a sukuk is defined as an instrument representing undivided ownership over the underlying assets. Naturally, the question arises whether sukuk are subject to the same zakat rulings as shares. Accordingly, this research has identified the similarities between shares and Sukuk. The zakat rulings applicable to shares are also identified, and the research has made an attempt to apply those rulings in the context of sukuk. However, the research has identified the peculiarities of sukuk as it is currently practiced in the global market and provided fresh insights on how these may impact the applicability of zakat to sukuk. While the research includes theoretical Shari'ah analysis and discussion on various relevant zakat matters, it also reviews today's practices. Accordingly, relevant Shari'ah standards and requirements of various jurisdictions are identified, and several sukuk prospect uses are examined in relation to zakat calculation and disclosures. By this the research aims at enabling a coherent understanding of the theory and practice.en_US
dc.identifier.citationAhmad, M., Ahmed, M. U., & Abojeib, M. (2021). Shari'ah analysis of zakat on sukuk. Kuala Lumpur, Malaysia: ISRA.en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3540
dc.languageEnglish
dc.language.isoengen_US
dc.publisherInternational Shari'ah Research Academy for Islamic Finance (ISRA)en_US
dc.rights2021. International Shari'ah Research Academy for Islamic Finance (ISRA)
dc.sourceSEDONA
dc.subjectSukuken_US
dc.subjectSharesen_US
dc.subjectZakaten_US
dc.subjectFinancial instrumentsen_US
dc.titleShari'ah analysis of zakat on sukuken_US
dc.typeResearch Monographen_US
dlc.maintopicIslamic capital marketsen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseAvailable in I-FIKR platform. Kindly email to kmc@inceif.org to access the item
ikr.topic.maintopicIslamic capital marketsen_US
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