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Sukuk vs. Eurobonds; Is there a Difference in Value-At-Risk?
Raei, Faezeh; Cakir, Selim - International Monetary Fund (IMF) - 2007
This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure … of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has grown tremendously in … recent years at about 45 percent a year. Sukuk provide sovereign governments and corporations with access to the huge and …
Persistent link: https://www.econbiz.de/10005264017
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The Economics of Islamic Finance and Securitization
Jobst, Andreas - International Monetary Fund (IMF) - 2007
Islamic lending transactions are governed by the precepts of the shariah, which bans interest and stipulates that income must be derived as return from entrepreneurial investment. Since Islamic finance is predicated on asset backing and specific credit participation in identified business risk,...
Persistent link: https://www.econbiz.de/10005599746
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Islamic Bond Issuance; What Sovereign Debt Managers Need to Know
Sy, Amadou N. R.; Kunzel, Peter; Mills, Paul S.; Jobst, … - International Monetary Fund (IMF) - 2008
Recent years have witnessed a surge in the issuance of Islamic capital market securities (sukuk) by corporates and … public sector entities amid growing demand for alternative investments. As the sukuk market continues to develop, new … developments in the sukuk market and informs the debate about challenges and opportunities going forward. …
Persistent link: https://www.econbiz.de/10011242445
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What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga; Nowak, Sylwia - International Monetary Fund (IMF) - 2012
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10011142164
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Sukuk Bond: The Global Islamic Financial Instrument
Shaikh, Salman; Saeed, Shan - Volkswirtschaftliche Fakultät, … - 2010
provides a new hope without speculation and exploitation of resources. The emergence of Sukuk Islamic Bond in the financial …. With advent of Sukuk in the financial world, the market players have got a new option to invest into this asset which hold …
Persistent link: https://www.econbiz.de/10008728053
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Does a held-to-maturity strategy impede effective portfolio diversification for Islamic bond (sukuk) portfolios? A multi-scale continuous wavelet correlation analysis
Najeeb, Syed Faiq; Bacha, Obiyathulla; Masih, Mansur - Volkswirtschaftliche Fakultät, … - 2014
The Islamic bonds or sukuk market is one of the fastest growing segments of the nearly US$2trillion global Islamic … finance industry. However, lack of trading in secondary sukuk markets is a peculiar feature in this sector and both … institutional and retail sukuk investors are known to adopt a held-to-maturity investment strategy. Consequently, there is a …
Persistent link: https://www.econbiz.de/10011112062
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Islamic Banking; How Has it Diffused?
Imam, Patrick A.; Kpodar, Kangni - International Monetary Fund (IMF) - 2010
This paper investigates the determinants of the pattern of Islamic bank diffusion around the world using country-level data for 1992 - 2006. The analysis illustrates that income per capita, share of Muslims in the population and status as an oil producer are linked to the development of Islamic...
Persistent link: https://www.econbiz.de/10008671296
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Principals of the Islamic finance:A focus on project finance
Elasrag, hussein - Volkswirtschaftliche Fakultät, … - 2011
Islamic finance is one of the fastest growing segments of global financial industry. In some countries, it has become systemically important and, in many others, it is too big to be ignored.Islamic finance is based on shariah, an Arabic term that often is translated to “Islamic law.”Shariah...
Persistent link: https://www.econbiz.de/10009004213
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The Challenge of Islamic Finance
Sheng, Andrew; Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2012
From its humble beginnings in the 1990s, Islamic finance has become a trillion US dollar industry. The market consensus is that Islamic finance has a bright future due to favourable demographics and rising incomes in the Muslim community. Moreover, despite voices sceptical of an accommodation...
Persistent link: https://www.econbiz.de/10011114204
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A wavelet-based analysis of the co-movement between sukuk bonds and Shariah stock indices in the GCC region : implications for risk diversification
Nasreen, Samia; Naqvi, Syed Asif Ali; Tiwari, Aviral Kumar - In: Journal of risk and financial management : JRFM 13 (2020) 4/63, pp. 1-21
Investors are interested in knowing whether sukuk bonds and shariah stock indices in the Gulf Corporation Council (GCC …) region are related. This study examines the connectedness between the sukuk- and shariah-compliant stock indices in the GCC … to 15 May 2017. The empirical findings demonstrate a strong correlation between these GCC sukuk bond indices and shariah …
Persistent link: https://www.econbiz.de/10012302496