Godlewski, Christophe; Ariss, Rima Turk; Weill, Laurent - International Monetary Fund (IMF) - 2014
Sukuk, the shari’a-compliant alternative mode of financing to conventional bonds, have expanded considerably over the … characteristics of the shari’a scholar certifying the issue. We use the event study methodology to measure abnormal returns for a … influence on the stock price of the issuing firm. We observe a similar positive impact from shari’a scholar reputation and …