The practice of asset-based and asset-backed sukuk in Malaysia : from fiqh perspective /

This research aims to analyze the Shariah issues in asset-based and asset-backed sukuk in Malaysian practice and finally proposing some possible solutions to these issues. Most of the issues have remained controversial among sukuk players especially with regard to asset-based sukuk which is claimed...

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Bibliographic Details
Main Author: Mohamad Zaharuddin bin Zakaria (Author)
Format: Thesis
Language:English
Published: Kuala Lumpur : Kulliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia, 2014
Subjects:
Online Access:http://studentrepo.iium.edu.my/handle/123456789/7072
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100 0 |a Mohamad Zaharuddin bin Zakaria,  |e author 
245 1 0 |a The practice of asset-based and asset-backed sukuk in Malaysia :   |b from fiqh perspective /  |c by Mohamad Zaharuddin bin Zakaria 
264 1 |a Kuala Lumpur :   |b Kulliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia,   |c 2014 
300 |a xvi, 363 leaves :  |b illustrations ;  |c 30cm. 
336 |2 rdacontent  |a text 
347 |2 rdaft  |a text file  |b PDF 
502 |a Thesis (Ph.D) -- International Islamic University Malaysia, 2014. 
504 |a Includes bibliographical references (leaves 330-346 ). 
520 |a This research aims to analyze the Shariah issues in asset-based and asset-backed sukuk in Malaysian practice and finally proposing some possible solutions to these issues. Most of the issues have remained controversial among sukuk players especially with regard to asset-based sukuk which is claimed as noncompliant with the Shariah rules. These unsolved issues have posed huge constraints to investors especially from the Middle Eastern countries which perceive Malaysian sukuk as similar to conventional bond. Thus, the principles, terms and conditions of some sukuk issued in Malaysia have been revised in order to conform to the Shariah rules. The method used in this study was mainly textual analysis to highlight the main characteristics of asset-based and asset-backed sukuk as practiced in Malaysia. Some selected term sheets of sukuk issued were analyzed to identify Sharicah issues. In addition, some Malaysian scholars were interviewed in order to get their views on these issues. It is found that these issues abound due to the conflicting opinions that stem from the different perceptions and interpretations of scholars on the textual evidence 
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655 7 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x Department of Fiqh and Usul al-Fiqh  |z IIUM 
710 2 |a International Islamic University Malaysia.  |b Department of Fiqh and Usul al-Fiqh 
856 4 |u http://studentrepo.iium.edu.my/handle/123456789/7072 
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