Sukuk: Definition, Structure and Accounting Issues

Khalil Ahmed

MPRA Paper from University Library of Munich, Germany

Abstract: Recent innovations in Islamic finance have changed the dynamics of the Islamic finance industry especially, in the area of sukuk or Islamic securities. Sukuk have become increasingly popular in the last few years, both as a means of raising government finance through sovereign issues, and as a way for companies to obtain funding through offering corporate sukuk. In this paper an attempt is made is to define sukuk and show the structure of sukuk. Furthermore, the paper shades some light on some accounting risk issues of sukuk. Finally, the paper presents benefits of sukuk for shareholders. However, this paper is a humble attempt to explain certain issues of sukuk. Certainly, for further information about sukuk, there are many publications that may assist the reader to derive the knowledge about sukuk.

Keywords: Sukuk; structure; recognition; measurement and risk (search for similar items in EconPapers)
JEL-codes: G3 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-acc, nep-ara and nep-hme
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33675

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