Sukuk: Definition, Structure and Accounting Issues
AbstractRecent 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 33675.
Date of creation: 2011
Date of revision:
Sukuk; structure; recognition; measurement and risk;
Find related papers by JEL classification:
- G3 - Financial Economics - - Corporate Finance and Governance
This paper has been announced in the following NEP Reports:
- NEP-ACC-2011-10-01 (Accounting & Auditing)
- NEP-ALL-2011-10-01 (All new papers)
- NEP-ARA-2011-10-01 (MENA - Middle East & North Africa)
- NEP-HME-2011-10-01 (Heterodox Microeconomics)
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