The issuance ofsukuksin China: prospects and challenges

Tiezheng Yang

Journal of Islamic Accounting and Business Research, 2022, vol. 13, issue 7, 1059-1072

Abstract: Purpose - This paper aims to conduct a detailed analysis of the feasibility of issuingsukukin China and examine the regulatory issues related to the issuance ofsukukin China. Design/methodology/approach - This study uses SWOT analysis to explore China’s internal and external environments related to the issuance ofsukuksand examines the application ofsukuksas an alternative financing instrument in China. Findings - As a unique financial instrument, asukukcan assist in meeting China’s current financing needs. Moreover, it is feasible to issue asukuk. China should be prepared to modify its legal system and set up a regulatory framework conducive to the issuance ofsukuks. Furthermore, blockchain technology can be used to overcome certain limitations ofsukuks. Originality/value - This study provides a detailed analysis ofsukukissuances in China. This study discusses the issue ofsukukissuance in China from the perspective of finance and law.

Keywords: Sukuk; Shari’ah; Regulation; China (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jiabrp:jiabr-03-2021-0110

DOI: 10.1108/JIABR-03-2021-0110

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