Sukuk: Principles & Practices

This book marks another milestone in fulfilling the needs of students of higher learning institutions, academics, practitioners and other stakeholders, following the success of the previous joint publication between ISRA and SC Malaysia, Islamic Capital Markets: Principles & Practices. The present book discusses both theoretical and practical aspects of the sukuk market. From this basic concepts, it takes the reader to deeper level of understanding of their context and application by discussing key topics: growth and development of the sukuk market, Shari’ah and general frameworks for sukuk issuance, types of sukuk based on Shari’ah contracts, types of sukuk based on commercial and technical features, sukuk rating, sukuk default and restructuring, future directions, prospects and challenges of the sukuk market.