The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a unique reference tool relating to key...

A new type of debt securities called ṣukūk certificates have grown to US$ 840 billion in 11 financial markets as of 2011. These Islamic debt instruments share some features similar to conventional bonds, so market operators treat both as bonds. Whether it is appropriate to treat ṣukūk...

The paper showed that ṣukūk may constitute an effective developmental tool, provided they are issued to create additional productive assets.The paper also showed the importance of distinguishing between securitization of ṣukūk (taṣkik) and the mere issue of ṣukūk