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Islamic Securitization as a Yardstick for Investment in Islamic Capital Markets

Author

Listed:
  • Shafiqul Hassan

    (Prince Sultan University, Saudi Arabia)

  • Mohsin Dhali

    (Prince Sultan University, Saudi Arabia)

  • Saghir Munir Mehar

    (Northeastern University, USA)

  • Fazluz Zaman

    (Central Queensland University, Australia)

Abstract

The paper shows that Islamic securitization through Sukuk securities is vital in fostering the Islamic capital market. Sukuk investments entail investors and issuers to follow a set of nuanced moral and ethical principles beyond maximizing profit. As measured by social trust, investor trust could be critical in the worldwide Sukuk investment boom. Therefore, the primary objective of the article is to demonstrate the impact of Islamic securitization through the Sukuk bonds in guaranteeing investment in the Islamic capital market. The study employs a systematic literature review and qualitative research methodology based on secondary data to achieve the purpose of the study. The finding of the study indicates that despite all the obstacles in slowing the progression of the Islamic capital market, it manages to develop gradually worldwide. Further, concerning class flow and risks, Sukuk is similar to conventional bonds, but certain characteristics of the Sukuk bond make it a reliable instrument in the Islamic capital market.

Suggested Citation

  • Shafiqul Hassan & Mohsin Dhali & Saghir Munir Mehar & Fazluz Zaman, 2022. "Islamic Securitization as a Yardstick for Investment in Islamic Capital Markets," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 13(1), pages 1-15, January.
    • Handle: RePEc:igg:jssmet:v:13:y:2022:i:1:p:1-15
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    References listed on IDEAS

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