Lack of standardization in sukuk market

dc.contributor.authorUlusoy A.
dc.contributor.authorEla M.
dc.date.accessioned2024-03-13T10:01:13Z
dc.date.available2024-03-13T10:01:13Z
dc.date.issued2017
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractAlthough the sukuk (Arabic name for the Sharia compliant noninterest-bearing bond) market has been rapidly growing in recent years, some challenges hinder its development. Among these challenges, lack of standardization in sukuk documentation and interpretation of Sharia regarding sukuk; makes its secondary market thinner, increases the uncertainty in the sukuk market, and boosts sukuk issuance costs. Hence, both sukuk issuers and investors refrain from the the sukuk market. As a result of this situation, the sukuk market has recently reached into an impasse. Although some countries and international regulatory institutions have been putting effort to standardize the sukuk market, the problem of lack of standardization has not been completely solved. Thus, in this study, it is offered to establish a unifiedinternational Sharia board, which would bind rules and standards to guide the sukuk market. By establishing a Sharia board, it is expected to have a more standardized and developed the sukuk market in the near future.en_US
dc.identifier.doi10.12816/0051160
dc.identifier.endpage169en_US
dc.identifier.issn2070-4658
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85032747014en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage147en_US
dc.identifier.urihttps://doi.org/10.12816/0051160
dc.identifier.urihttps://hdl.handle.net/20.500.12662/3047
dc.identifier.volume13en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherIslamic Bank Training and Research Academyen_US
dc.relation.ispartofJournal of Islamic Economics, Banking and Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectIslamic financeen_US
dc.subjectStandardizationen_US
dc.subjectSukuken_US
dc.titleLack of standardization in sukuk marketen_US
dc.typeArticleen_US

Dosyalar