A revolution is happening in Islamic finance including the rapid growth of the sukuk (Islamic bonds) market.According to Usmani43, where the manager acts as a muacArib for the a¹pukAlk holders, the use of waEid in the said manner is unlawful and void. ... The Islamic Financial Services Board, in its Guidelines No. 2 (IFSB 2), issued in 2005, defines asset-based a¹pukAlk as a#39;a¹pukAlk where the underlying assets offer fairly predictable anbsp;...
|Title||:||Islamic Finance: Issues in Sukuk and Proposals for Reform|
|Author||:||Mohammad Hashim Kamali, A.K. Abdullah|
|Publisher||:||Kube Publishing Ltd - 2014-12-22|