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Sukuk: Literature Review

Author

Listed:
  • Mohamed B. AMRANI

    (Abdelmalek Essaadi University of Tangier, Department of Economics, Morocco.)

  • Faris HAMZA

    (Abdelmalek Essaadi University of Tangier, Department of Economics, Morocco.)

  • El Hachloufi MOSTAPHA

    (University of Hassan II, FSJES-Ain Sebâa, Morocco.)

Abstract

At the heart of a global financial crisis triggered since 2008, Islamic finance has been seen as an alternative less affected by the global crisis to cover the financing and investment needs and bringing a new vision that involves sharing of losses and gains and thus prohibit the notion of the interest rate. With the emergence of the concept of Islamic finance a new market has emerged known as sukuk market where its last ones play the role of bonds. These financial instruments have been able, like conventional bonds, to constitute a reliable investment alternative for both companies and governments that want to conduct their business within a framework that respects the precepts of the Sharia. The purpose of this article is to understand the concept and the mechanism of these obligations and to present a review of the literature on sukuks.

Suggested Citation

  • Mohamed B. AMRANI & Faris HAMZA & El Hachloufi MOSTAPHA, 2017. "Sukuk: Literature Review," Journal of Social and Administrative Sciences, KSP Journals, vol. 4(1), pages 124-131, March.
    • Handle: RePEc:ksp:journ4:v:4:y:2017:i:1:p:124-131
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    References listed on IDEAS

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    1. repec:zbw:bofitp:2011_006 is not listed on IDEAS
    2. Khawla Bourkhis & Mahmoud Sami Nabi, 2013. "Islamic and conventional banks' soundness during the 2007–2008 financial crisis," Review of Financial Economics, John Wiley & Sons, vol. 22(2), pages 68-77, April.
    3. Godlewski, Christophe J. & Turk-Ariss, Rima & Weill, Laurent, 2013. "Sukuk vs. conventional bonds: A stock market perspective," Journal of Comparative Economics, Elsevier, vol. 41(3), pages 745-761.
    4. Jonathan Peillex & Loredana Ureche-Rangau, 2012. "Création d'un indice boursier islamique sur la place financière de Paris : méthodologie et performance," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 289-314.
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    Citations

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    Cited by:

    1. Paltrinieri, Andrea & Hassan, Mohammad Kabir & Bahoo, Salman & Khan, Ashraf, 2023. "A bibliometric review of sukuk literature," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 897-918.
    2. Saeed, Momna & Elnahass, Marwa & Izzeldin, Marwan & Tsionas, Mike, 2021. "Yield spread determinants of sukuk and conventional bonds," Economic Modelling, Elsevier, vol. 105(C).

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    More about this item

    Keywords

    Sukuk; Islamic Finance; Bonds; Financial Instruments.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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