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Issues In Sukuk Design And Trading

In: ISLAMIC CAPITAL MARKETS A Comparative Approach

Author

Listed:
  • Obiyathulla Ismath Bacha
  • Ali Zhang Hengchao
  • Mirzet Šeho

Abstract

This chapter examines issues related to sukuk, their design, trading, and pricing. The variance in risk profile according to the underlying contract is described. Exotic sukuk structures and the innovations in their design are evaluated. The need and rationale for risk sharing and perpetual sukuk are described. The underlying logic of sukuk pricing and the variance in pricing formulation according to the sukuk’s underlying contract is discussed. The chapter ends with a discussion of sukuk defaults. On completing the chapter, you should have a good understanding of how sukuk design affects risk, required returns, and the formulation of pricing. You should also appreciate the need for continuous innovation in sukuk structure.

Suggested Citation

  • Obiyathulla Ismath Bacha & Ali Zhang Hengchao & Mirzet Šeho, 2025. "Issues In Sukuk Design And Trading," World Scientific Book Chapters, in: ISLAMIC CAPITAL MARKETS A Comparative Approach, chapter 7, pages 165-210, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819815975_0007
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    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • F3 - International Economics - - International Finance
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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