A new type of debt securities called sukuk 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 sukuk...

Sukuk securities have similar features with conventional bonds. The financial press has, however, inappropriately referred to Sukuk as Islamic bonds. This paper investigates Sukuk securities empirically by first examining the yields to maturities of Sukuk securities and conventional bonds of...

Contents: Preface -- Part I: Definition and concepts -- 1. Wealth as understood in economics and finance / Mohamed Ariff and Shamsher Mohamed -- 2. Wealth from the Shariah perspective / Mohamed A. Gadhoum -- 3. Wealth management, its definition, purpose, structure and practices / Mohamed Ariff...