...Siti Raihana Hamzah; Obiyathulla Ismath Bacha; Abbas Mirakhor; Nurhafiza Abdul Kader Malim Purpose The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting...

...Adeel Nasir; Umar Farooq Purpose The purpose of this paper is to provide empirical evidence that Sukuk are different from conventional bonds from risk perspective. This study is about the comparative risk analysis of Sukuk and conventional bonds in Pakistan. Design/methodology/approach Sample...

... ; Gambling and Karim, 1991). Bill Maurer can be contacted at: wmmaurer@uci.edu © Emerald Group Publishing Limited 2010 Financing Standards Bonds Islam The global financial crisis that began in 2007 deeply affected the market for Islamic finance. One indicator of the crisis's...