The sale and leaseback sukuk structure is the most widely used,as it has been tried,tested,and accepted by most Shariah scholars,both in the Gulf region and Asia. All sovereign sukuks issued to date have been based on the sale and leaseback structure. The documentation is fairly standard,with a broad consensus among [...]
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Sukuk definition: The sukuk concept is based on the premise that any Islamic financing contract representing ownership of a tangible asset can be bought or sold,and hence can be structured in the form of tradable securities. A sukuk represents: An undivided proportionate beneficial ownership interest in an asset or portfolio. The corresponding right [...] In line with Malaysia’s aspiration to internationalize Bursa Malaysia as the Islamic investment centre,recently there is this foreign listing of US$500 million (RM1.7 billion) sukuk issued by GE Capital. Details: The five-year Islamic bond is structured based on the globally accepted Syariah principle of Sukuk Al Ijara. First foreign sukuk listing on Bursa Malaysia [...] The emergence of the Islamic capital market in 2002 with the inaugural sukuk issued by the Malaysian Governement spearheaded the capital markets exponentially as it became the blue print to an increasing variety of instruments which can be used to create an efficient Islamic portfolio in line with portfolio theory and financial planning. Increasingly,many [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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