Lahsasna / Hassan / Ahmad Forward Lease Sukuk in Islamic Capital Markets

Structure and Governing Rules
1. Auflage 2018
ISBN: 978-3-319-94262-9
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 288 Seiten, eBook

Reihe: Progress in Mathematics

This book focuses on forward lease

sukuk

, which is one of the most viable and dynamic

Shari’ah

-compliant instruments in the Islamic capital market. The idea of forward lease 

sukuk

 is to raise funds from non-existent assets whose subject matter does not exist at the time of the 

sukuk

 issuance. This book discusses the significant features of forward lease

sukuk

and demonstrates its vital contribution to project construction and manufacturing within the expanding field of Islamic finance.

Zielgruppe

Research

Autoren/Hrsg.

Lahsasna, Ahcene

Hassan, M. Kabir

Ahmad, Rubi

Inhaltsverzeichnis

Chapter 1. Introduction to 
Sukuk.- 
Chapter 2. An Overview of Islamic Capital Market (ICM) and 
Sukuk
 Industry.- Chapter 3. 
Sukuk
 in Islamic Capital Market.- Chapter 4. Types of 
Sukuk
, Their Classification and Structure in Islamic Capital Market.- Chapter 5. Theory of 
Ijarah, 
Securitization and the Concept Financial Certificate.- Chapter 6. Forward 
Ijarah Sukuk
: Concept, Issuance, Structuring and General Governing Rules.- Chapter 7. Major Principles, Terms and Conditions Governing Ijarah 
Sukuk
 Issuance as Practiced in the Islamic Capital Market.- Chapter 8. Forward Lease /
 Ijarah Sukuk: 
Issues, Challenges and Shariah Compliance.- Chapter 9. 
Sukuk
 Ijarah & Forward Lease 
Sukuk
—Case Study.- Chapter 10. Conclusion, Recommendation and Policy Implication.- Appendix A. Securities Commission Malaysia Guidelines on 
Sukuk.- 
Appendix B. IFSB Requirements on 
Sukuk
 Issuance.- Appendix C. DFM Standard for Issuing, Acquiring and Tradin 
Sukuk.- 
Appendix D. Glossary.

Über Autor(innen)

Ahcene Lahsasna
is currently Vice President of Research & Publication at the Malaysian Financial Planning Council (MFPC) and Academic Director of the Singapore Islamic Finance Academy (SIFA). Previously, he was an Associate Professor at the International Centre for Education in Islamic Finance (INCEIF) Malaysia, also known as the Global University of Islamic Finance. Professor Lahsasna is a registered Shariah Advisor at Bank Negara Malaysia and Securities Commission Malaysia. He acts as a Shariah Advisor for Islamic banking, Islamic capital market, Takaful, and Re-Takaful locally and internationally.
M. Kabir Hassan
is Professor of Finance in the Department of Economics and Finance at the University of New Orleans, USA where he currently holds two endowed Chairs—Hibernia Professor of Economics and Finance and Bank One Professor in Business. Professor Hassan is the winner of the 2016 Islamic Development Bank (IDB) Prize in Islamic Banking and Finance.  He received his B.A. in Economics and Mathematics from Gustavus Adolphus College, Minnesota, USA, and his M.A. in Economics and Ph.D. in Finance from the University of Nebraska-Lincoln, USA.
Rubi Ahmad
is an Associate Professor of Finance and Banking and current Deputy Dean of Research and Development in the Faculty of Business and Accountancy (FBA) at the University of Malaya, Kuala Lumpur, Malaysia. She holds a Ph.D. in finance from the Department of Accounting and Finance at Monash University, Melbourne, Australia and an MBA with a specialization in finance from the University of Memphis, Tennessee, USA.