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The Critical Shariah Issues of Sukuk

Year 2021, Volume: 1 Issue: 1, 27 - 45, 08.01.2021

Abstract

In view of the importance of sukuk as a dominant Islamic capital market instrument, and the enormous size of their market share within the Islamic finance industry, deliberation on their Shariah issues acquires special importance, especially in light of the controversies harboring some of them. The paper treats the three most critical Shariah issues of sukuk, which govern the legitimacy of sukuk from issuance to redemption. They relate to guaranteeing the capital invested and the return to the sukukholders, the sukuk being real representative of ownership of the underlying assets and the tradability of the sukuk.

References

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  • 2. Al-Dasuqi, Hashiyah, Dar Ihia’a al-Kutub al-Arabiyyah, Beirut.
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Year 2021, Volume: 1 Issue: 1, 27 - 45, 08.01.2021

Abstract

References

  • 1. Al-Bahuti, M.M. Kashaf Al-Qina’, Beirut: Dar al-Fiker.
  • 2. Al-Dasuqi, Hashiyah, Dar Ihia’a al-Kutub al-Arabiyyah, Beirut.
  • 3. Al-Fatawa Al-Shar’iyyah, Dubai Islamic Bank, 2006.
  • 4. Al-Hattab, Muwahib Al-Jaleel, , Beirut: Dar Al-Fiker, 1987
  • 5. Al-Sharbini, S.M. al-Khatib, Mughni Al-Muhtaj, Beirut: Dar al-Fiker.
  • 6. Al-Soyoti, Al-Ashbah wal Nazair, Beirut: Al-Maktaba Al-Ariyya, 1411H.
  • 7. Al-Tirmidhi, Sahih Al-Tirmidhi, Cairo: Dar Al-Hadeeth.
  • 8. Dawud, A. (1984), Sunan Abu Dawud, Beirut: Al-Maktaba Al-Asriyyah.
  • 9. Haidar, Ali, Durar al-Hukkam Shareh Majllat al-Ahkam, Beirut: Dar Al-Jeel, 1991.
  • 10. Hanbal, A. Al-Musnad, Cairo: Mu’assat al-Qurtuba.
  • 11. Ibn Abdeen. Al-Hashiya (Rad al-Mukhtar ala al-Dur al-Mukhtar). Beirut: Dar Ihiya’ al-Turath al-Arabi. (1987).
  • 12. Ibn al-Humam. Shareh Fat’h Al-Qadeer. Beirut: Dar Ihiya’ al-Turath al-Arabi.
  • 13. Ibn Taimiyah, Al-Fatawah, Maktabat Ibn Taimiyyah, Riyadh.
  • 14. Resolutions of the Fiqh Academy affiliated to Organizations of Islamic Countries.
  • 15. Shariah Standards, Auditing and Accounting Organization for Islamic Financial Institutions (AAOIFI).
There are 15 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Research Articles
Authors

Abdulazeem Abozaid 0000-0003-0552-0067

Publication Date January 8, 2021
Submission Date August 5, 2020
Published in Issue Year 2021 Volume: 1 Issue: 1

Cite

APA Abozaid, A. (2021). The Critical Shariah Issues of Sukuk. Journal of Islamic Economics, 1(1), 27-45.

Journal of Islamic Economics is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY NC).