Islamic Bond Issuance; What Sovereign Debt Managers Need to Know
Amadou Sy (),
Peter J Kunzel,
Paul S. Mills and
Andreas Jobst ()
No 08/3, IMF Policy Discussion Papers from International Monetary Fund
Recent years have witnessed a surge in the issuance of Islamic capital market securities (sukuk) by corporates and public sector entities amid growing demand for alternative investments. As the sukuk market continues to develop, new challenges and opportunities for sovereign debt managers and capital market development arise. This paper reviews the key developments in the sukuk market and informs the debate about challenges and opportunities going forward.
Keywords: Capital markets; Debt management; Islamic banking; Islamic finance; Securities markets; Sovereign debt; securitization, structured finance, Islamic bond, shari’ah compliance, sukuk, mudharabah, ijara, murabaha, musharaka, riba, capital market, securities, (search for similar items in EconPapers)
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