Sukuk Issuance in China: Trends and Positive Expectations

Ding Bo, Engku Rabiah Adawiah Engku Ali and Buerhan Saiti
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Ding Bo: Institute of Islamic Banking and Finance, International Islamic University Malaysia, Kuala Lumpur, Malaysia,
Engku Rabiah Adawiah Engku Ali: Institute of Islamic Banking and Finance, International Islamic University Malaysia, Kuala Lumpur, Malaysia,
Buerhan Saiti: Institute of Islamic Banking and Finance, International Islamic University Malaysia, Kuala Lumpur, Malaysia.
Authors registered in the RePEc Author Service: Burhan Uluyol

International Review of Management and Marketing, 2016, vol. 6, issue 4, 1020-1025

Abstract: The paper assesses the potential and importance of Sukuk issuance in China. The research proposes that Sukuk can be used as an alternative financing instrument to materialize the “One Belt One road (OBOR)” strategy. Hong Kong as a gateway of China had launched two Sukuks in 2014 and 2015 respectively. This paper analyzes the two sovereign Sukuk issuances out of Hong Kong in the last 3 years. Meanwhile, by conducting un-structured interviews of the potential issuers and related scholars, it is found that Sukuk issuance in China will face some challenges such as policies and regulations of Sukuk, tax and stamp duty issues, investors’ protection, establishing of Shariah Supervisory Committee, etc. However “OBOR” initiative provides the best opportunity for Sukuk to move forward in China.

Keywords: Sukuk; Islamic Finance; One Belt One Road; Hong Kong; China (search for similar items in EconPapers)
JEL-codes: O31 P47 Z33 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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