Purpose – The purpose of this paper is to provide a legal analysis of ijara sukuk in Iran which are expected to be issued in 2009. It reviews the proposed structure and the transactions entered into in respect of the sukuks and the legal engineering of those transactions to make them compliant...

Purpose – The purpose of this paper is to provide empirical evidences on the impact of financial shocks on the Islamic banks vis-a-vis the conventional banks. Based on the Malaysian experience over two major financial crises, namely the 1997 Asian financial crisis and 2007 financial crisis,...