... and Islamic finance (aligned with various SDGs), particularly in advancing climate action ( SDG 13). The purposes of this study is to use Sukuk holdings as a proxy for Islamic finance, sustainable industrialization ( SDG 9) and digital technology to examine their effects on consumption-based carbon...

...Mega Ayu Widayanti; Muhamad Nafik Hadi Ryandono; Mochamad Badowi Purpose This study aims to examine the impact of Islamic finance and digitalization on economic growth, measured by real GDP growth, focusing on Islamic banking development, sukuk issuance and digital investment while controlling...

... ( EKC ) theory through the role of fiscal policy, the use of natural resources, sukuk and Islamic banking, as well as the interaction of institutional quality on green economic growth. Design/methodology/approach Using first-difference generalized method of moments dynamic panel data and fully...

... model ( MDFM ) that integrates risk-sharing-based (sukuk-compatible) capital, cooperative ownership, government support, and public asset monetization. Design/methodology/approach The study reconstructs an SPV-based cash-flow model and calibrates it using empirical data from Hangzhou’s self-financed...

...Zakaria Boulanouar; Saqib Farid; Andrea Paltrinieri; Saba Yousaf Purpose The sukuk market has exhibited significant promise in recent years. In this context, academic literature on sukuk has proliferated. Still, limited attention has been devoted to understanding the efficiency behavior...

...Atta ul Mustafa Purpose This study aims to explore the safe-haven properties of sukuk and analyze the co-movement and interdependence between sukuk and conventional bond indices to provide insights into the potential role of diversification. Design/methodology/approach The study uses the data...

... unproductive lands, especially in the form of idle lands. One problem to use such unproductive awqaf lands is the lack of awqaf land model as the platform to use such awqaf lands. This paper aims to construct and propose a model called Sukuk-linked Awqaf (SLA) to use awqaf lands as an underlying for Sukuk...

...Burak Pirgaip; Ozgur Arslan-Ayaydin Purpose This study aims to fill a gap in the literature by providing evidence for a “greenium” in the primary Sukuk market. The term “greenium” is defined in the study as the lower cost of capital or reduced yields that green Sukuk may offer compared to non...

... Publishing Limited Licensed re-use rights only Islamic capital markets Sukuk Islamic indices Uzbekistan Capital market legislation E44 G23 K22 O16 Z12 Given this backdrop, our paper endeavors to bridge this existing knowledge gap. We pivot our research around three core inquiries...

...Syed Mabruk Billah; Thi Thu Ha Nguyen; Md Iftekhar Hasan Chowdhury Purpose This study aims to contribute by expanding the existing literature on Sukuk return and volatility and exploring the implications of the Sukuk-exchange rate interactions. Design/methodology/approach This study examines...

...Adeel Nasir; Umar Farooq; Kanwal Iqbal Khan; Ather Azim Khan Purpose This study aims to explain the Sukuk structures individually by highlighting the key differences and commonalities in their influential aspects. It also compares the core aspects of Sukuk literature with conventional bonds...

...Muhammad Abubakr Naeem; Mustafa Raza Rabbani; Sitara Karim; Syed Mabruk Billah Purpose This study aims to examine the hedge and safe-haven properties of the Sukuk and green bond for the stock markets pre- and during the COVID-19 pandemic period. Design/methodology/approach To test the hedge...

...Neha Seth; Monica Singhania; Saif Siddiqui Purpose The paper aims to resolve the ongoing issue of asset pricing in indexed based investments, primarily in Sukuks. It is to be done by modeling the returns of S&P MENA (Middle East and North Africa) Sukuk index (SPS), S&P MENA bonds indices...

...Sudipa Majumdar; Rashita Puthiya Purpose The global sukuk market has seen widespread innovations in the last couple of decades, which helped sukuk develop into one of the most acceptable Islamic instruments for raising finance. According to the State of the Global Islamic Economy Report (2018–19...

... deficit quite closely followed by equity financing and as a last alternative to finance deficit, Islamic-compliant firms issue Sukuk. In the crisis period, these firms seem more reliant on equity, then on sale-based instruments and on Sukuk as last option. The study findings also...

... regional equity indices within the Gulf Cooperation Council and a global Sukuk index. They find strong evidence of time-varying correlations, greater contagion between markets in closer proximity and a flight-to-quality during the recent financial crisis, whereby investors sought to shift their portfolio...

... 16 06 2018 08 09 2018 09 01 2019 Sukuk Systemic risk Connectedness Islamic indexes Spectral decomposition © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only G17 G15 G16 We estimate VAR coefficients. For that, we...

...Nik Abdul Rahim Nik Abdul Ghani Purpose The purpose of this paper is to critically study the application of beneficial ownership in sukuk ijarah by analysing the fiqh interpretation on the concept of beneficial ownership. Design/methodology/approach This is a theoretical...

... forms and economic substance of the contracts used by the Islamic financial industry. Design/methodology/approach To conclude on the objectives of the study, five most widely used contracts (modes/products), including Murabaha, Ijarah, Diminishing Musharaka, Sukuk and Mudaraba (deposits), were...

...Volker Nienhaus; Abdullah Karatas Purpose This paper aims to explore whether the market perceives liquid international sovereign sukūk as distinct from comparable bonds and as an asset class of their own that could shield investors against turbulences in the bond markets. Design/methodology...