SECURITIZATION IN ISLAMIC BONDS & DEBT SECURITIES: ISSUES AND ALTERNATIVES
Engku Rabiah Adawiah Engku Ali
Abstract
Engku Rabiah Adawiah Engku Ali
Abstract
The article focuses on Islamic bonds and debt securitiesand examines specific issues in Islamic debt securitization. Other areas of securitization are discussed briefly to provide an overall picture of the topic. The article also investigates the potential bridging and extension of the concept of securitization to new opportunities and assets that are capable of securitization. Throughout this paper, the focus will be on the modes of securitization for Islamic contracts, essentially to meet the requirements of Islamic legal rules and principlesJEL classification: G29, K39, Z12Key words: Islamic securitization, Islamic debt securitizaties, Sukuk.
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The article focuses on Islamic bonds and debt securitiesand examines specific issues in Islamic debt securitization. Other areas of securitization are discussed briefly to provide an overall picture of the topic. The article also investigates the potential bridging and extension of the concept of securitization to new opportunities and assets that are capable of securitization. Throughout this paper, the focus will be on the modes of securitization for Islamic contracts, essentially to meet the requirements of Islamic legal rules and principlesJEL classification: G29, K39, Z12Key words: Islamic securitization, Islamic debt securitizaties, Sukuk.
Key concepts: Securitization, Sukuk, Islam, Debt, Business, Financial system, Bond, Islamic finance