Publication:
An analysis of defaulted sukuks: evidence from USA and Middle East
Abstract
Islamic financial instruments differ from conventional instruments because of their risk sharing and justice factor. Talking specifically about fund raising instruments, Sukuks are the most vital and demanded instrument. Despite of its risk sharing and equity feature, Sukuk defaults yet happened which eventually raised several questions on the viability of these instruments and their treatment in a distressed situation that provides us with another avenue of research on these instruments. In this paper, we analysed five major Sukuk defaults that happened recently in the aftermath of the 2007 global financial crisis ...
Keywords
Sukuk , Default , Islamic finance , Malaysia , Middle East , Project paper (MIF)
Citation
Osmanzadah, S. U. (2015). An analysis of defaulted sukuks: evidence from USA and Middle East (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2382
Publisher
INCEIF
Available in physical copy only (Call Number: t HG 4651 O83)