Sukuk: Literature Review

Mohamed B. Amrani (), Faris Hamza () and El Hachloufi Mostapha ()
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Mohamed B. Amrani: Abdelmalek Essaadi University of Tangier, Department of Economics, Morocco.
Faris Hamza: Abdelmalek Essaadi University of Tangier, Department of Economics, Morocco.
El Hachloufi Mostapha: University of Hassan II, FSJES-Ain Sebâa, Morocco.

Journal of Social and Administrative Sciences, 2017, vol. 4, issue 1, 124-131

Abstract: At the heart of a global financial crisis triggered since 2008, Islamic finance has been seen as an alternative less affected by the global crisis to cover the financing and investment needs and bringing a new vision that involves sharing of losses and gains and thus prohibit the notion of the interest rate. With the emergence of the concept of Islamic finance a new market has emerged known as sukuk market where its last ones play the role of bonds. These financial instruments have been able, like conventional bonds, to constitute a reliable investment alternative for both companies and governments that want to conduct their business within a framework that respects the precepts of the Sharia. The purpose of this article is to understand the concept and the mechanism of these obligations and to present a review of the literature on sukuks.

Keywords: Sukuk; Islamic Finance; Bonds; Financial Instruments. (search for similar items in EconPapers)
JEL-codes: A10 H12 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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