Islamic investment certificates called Sukuk. Sukuk generally represent the Islamic financial instrument equivalent to … future expansion of Sukuk. We use a market-based approach to investigate whether investors react differently to the … announcements of issues of Sukuk and conventional bonds. We find that the stock market is neutral to the announcement of …

​Sukuk, the shari'a-compliant alternative mode of financing to conventional bonds, have considerably expanded over the … last decade. We analyze the stock market reaction to two key features of this instrument: sukuk type and characteristics of … 131 sukuk from eight countries over the period 2006-2013 and find that Ijara sukuk structures exert a positive influence …

Sukuk, the shari’a-compliant alternative mode of financing to conventional bonds, have considerably expanded over the … last decade. We analyze the stock market reaction to two key features of sukuk: type and characteristics of the shari …’a scholar certifying the issue. We use the event study methodology to measure abnormal returns for a sample of 131 sukuk from …

The last decade witnessed a wide expansion of Islamic finance in Middle Eastern and Southeast Asian countries. Sukuk … sukuk and conventional bond issues. We find that the stock market is neutral to announcements of conventional bond issues …, but it reacts negatively to announcements of sukuk issues. We attribute this finding to the excess demand for Islamic …

Sukuk, the shari’a-compliant alternative mode of financing to conventional bonds, have considerably expanded over the … last decade. We analyze the stock market reaction to two key features of this instrument: sukuk type and characteristics of … 131 sukuk from eight countries over the period 2006-2013 and find that Ijara sukuk structures exert a positive influence …

The last decade witnessed a proliferation in issues of sukuk, Islamic financial instruments structured to replicate the … differently to the announcements of sukuk and conventional bond issues. Our findings suggest the stock market is neutral to … announcements of conventional bond issues, but reacts negatively to announcements of sukuk issues. We attribute this finding to the …

There is a large expansion of sukuk, the shari'a-compliant alternative mode of financing compared to conventional bonds …, in the recent years. We analyze if the stock market reaction to sukuk issues is influenced by two key features of these … instruments: the sukuk type, and the characteristics of scholar advisors. To do so, we use the event study methodology to measure …

​Sukuk, the shari'a-compliant alternative mode of financing to conventional bonds, have considerably expanded over the … last decade. We analyze the stock market reaction to two key features of this instrument: sukuk type and characteristics of … 131 sukuk from eight countries over the period 2006-2013 and find that Ijara sukuk structures exert a positive influence …

Islamic investment certificates called Sukuk. Sukuk generally represent the Islamic financial instrument equivalent to … future expansion of Sukuk. We use a market-based approach to investigate whether investors react differently to the … announcements of issues of Sukuk and conventional bonds. We find that the stock market is neutral to the announcement of …

Islamic investment certificates called Sukuk. Sukuk generally represent the Islamic financial instrument equivalent to … future expansion of Sukuk. We use a market-based approach to investigate whether investors react differently to the … announcements of issues of Sukuk and conventional bonds. We find that the stock market is neutral to the announcement of …