...Kazi Musa; Nor Balkish Zakaria; Farha Ghapar; Masudul Choudhury Purpose This study aims to investigate the role of macroeconomic factors in the growth of the sovereign Sukuk (Islamic bond) market in the selected Organisation of Islamic Cooperation ( OIC ) member countries. Specifically...

..., the research examines case studies and initiatives for the implementation of Sharia-compliant instruments, including the digital mudarabah sukuk and partnership bond projects. Findings First, Russia–Saudi interaction has moved beyond declarations to institutionalization: an intergovernmental commission...

... regulatory analysis of AAOIFI’s Standard No. 62 with specific reference to the current structural construct of Sukuk – a pivotal financial instrument of green finance, and converses about its adaptation across jurisdictions with the underlying complexities and how they propagate the trillion-dollar global...

... products, (2) risk and governance, (3) Sukuk/green Sukuk, (4) regulation and standardization and (5) fintech/digital Shariah/social finance. The literature evolves across four stages – foundation, expansion, regulatory consolidation and innovation/integration – culminating in digitalization...

... instruments, like Sukuk, are advantageous. Social implications IF can play a crucial role in addressing social issues, such as poverty alleviation and equitable wealth distribution. Originality/value By combining bibliometric analysis with a focused review of empirical studies, this paper offers...

...Hussain Mohi-Ud-Din Qadri; Atta Ul Mustafa; Hassnian Ali; Atta Ul Mustafa Tahir Purpose This study aims to find whether sukuk (Islamic bonds) possess a safe haven property for investors or not. Design/methodology/approach To analyze this statement, the study used data from MSCI World...

...Salah Alhammadi; Simon Archer; Dalal Aloumi Purpose Despite the growing prevalence of Sukuk issuances, there remains a significant knowledge gap concerning their specific risk exposures to originators of issuances rather than to investors, particularly compared to conventional bonds...

...Nor Balkish Zakaria; Kazi Musa; Mohammad Rokibul Kabir; Farid A. Sobhani; Muhammad Rasyid Abdillah Purpose This study aims to examine the impacts of global geopolitical risks (GPRs) and COVID-19 pandemic stringency on the size of Sukuk issuance in Malaysia. Design/methodology/approach...

...Siti Nurhidayah Mohd Roslen; Mei-Shan Chua; Rafiatul Adlin Hj Mohd Ruslan Purpose The purpose of this study is to empirically investigate the asymmetric effects of financial risk on Sukuk market development for a sample of Malaysian countries over the period of 2010–2021. Design/methodology...

... growth and reach of sukuk to broader investor groups and provide recommendations for such strategies. Design/methodology/approach After separately examining the effects of PST and PMT on marketing sukuk, recommendations are presented from a shared perspective of these two theories. Findings...

...Mahmoud Al Homsi; Zulkarnain Muhamad Sori; Shamsher Mohamad Purpose This study aims to examine the determinants of Sukuk credit ratings of issuing firms in Malaysia, and the rating changes from lower to higher rating and vice versa. Design/methodology/approach A total of 328 Sukuk issuances...

...Nawaf Almaskati Purpose This study aims to provide one of the first empirical examinations of the liquidity conditions in the international sukuk market. It also provides evidence on how those differences have changed over time. Design/methodology/approach The study uses propensity score...

... banks Al Hilal and Zaman Bank and two Islamic leasing companies KIC Leasing and Al Saqr have been launched here. However, the Islamic insurance company established in 2010 was closed, and the sukuk market was never formed here. The total volume of Islamic investments in the economy of Kazakhstan...

...Tiezheng Yang Purpose This paper aims to conduct a detailed analysis of the feasibility of issuing sukuk in China and examine the regulatory issues related to the issuance of sukuk in China. Design/methodology/approach This study uses SWOT analysis to explore China’s internal...

...Imron Mawardi; Tika Widiastuti; Muhammad Ubaidillah Al Mustofa Purpose This study aims to examine the constraints in the issuance of municipal Sukuk in Indonesia and proposed potential solutions and strategies to support its implementation. Design/methodology/approach This study used...

...Suriani Suriani; M. Shabri Abd. Majid; Raja Masbar; Nazaruddin A. Wahid; Abdul Ghafar Ismail Purpose The purpose of this study is to empirically analyze the role of sukuk in the monetary policy transmission mechanism through the asset price and exchange rate channels in the Indonesian economy...

...Mahdi Ghaemi Asl; Muhammad Mahdi Rashidi Purpose This study aims to investigate the spillover between the Middle East and North Africa (MENA) stock index and several security indices, including Sukuk and conventional bond, and ultimately compare the hedge effectiveness of Sukuk and conventional...

...Rubaiyat Ahsan Bhuiyan; Maya Puspa; Buerhan Saiti; Gairuzazmi Mat Ghani Purpose Sukuk is an innovative financial instrument with a flexible structure based on Islamic financial contracts, unlike a bond which is based on the structure of a loan imposed with interest. With the notion that sukuk...

...Norakma Abd Majid; Akmalia Mohamad Ariff; Nor Raihan Mohamad Purpose The Islamic bond, known as sukuk, is an ethical financing avenue driven by religious and profit motives. This study aims to analyze the relation between related party transactions and Sukuk. Companies with high related parties...

...Rashedul Hasan; Abu Umar Faruq Ahmad; Tamiza Parveen Purpose The key purpose of this study is to make awareness for faithful Muslims who are interested to invest in Islamic capital markets so as to enable them making right decision while considering investment in Sukuk over conventional...