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 materialise the “One Belt One Road” 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 three 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 “One Belt One Road” initiative provides the best opportunity for Sukuk to move forward in China.
Diğer ID | JA88MD53DY |
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Bölüm | Araştırma Makalesi |
Yazarlar | |
Yayımlanma Tarihi | 1 Eylül 2016 |
Yayımlandığı Sayı | Yıl 2016 Cilt: 6 Sayı: 4 |