Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets

The paper discuses issues related to prohibitory transactions associated to Sukuk issuances in Islamic capital markets. The paper is elaborated based on the principles of prohibitory transactions such as gambling, riba (usury), gharar (excessive risk) non-halal products and services. The paper discu...

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Main Authors:	Adam Sa'ad, Auwal, Ansari, Abdul Haseeb
Format:	Article
Language:	English
Published:	Serial Publication Private Limited India 2018
Subjects:	HB126.4 Islamic Economics HF5410 Marketing. Distribution of products HG3368 Islamic Banking and Finance KBP Islamic Law
Online Access:	http://irep.iium.edu.my/69131/ http://irep.iium.edu.my/69131/ http://irep.iium.edu.my/69131/1/69131_Prohibitory%20transactions%20of%20Sukuk%20assets.pdf

id	iium-69131
recordtype	eprints
spelling	iium-691312019-11-26T04:58:12Z http://irep.iium.edu.my/69131/ Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets Adam Sa'ad, Auwal Ansari, Abdul Haseeb HB126.4 Islamic Economics HF5410 Marketing. Distribution of products HG3368 Islamic Banking and Finance KBP Islamic Law The paper discuses issues related to prohibitory transactions associated to Sukuk issuances in Islamic capital markets. The paper is elaborated based on the principles of prohibitory transactions such as gambling, riba (usury), gharar (excessive risk) non-halal products and services. The paper discussed issues related to future assets and services in which Islamic jurists have difference of opinion in accepting part of it as genuine Islamic assets for Sukuk transaction purposes. The paper also touches issues of the prohibitions and purification of income related to an Islamic financial institution. The paper suggests that rules related to Islamic contracts of sale such as bay’Muajjal, Murabahah, Salam, Istithna’, Ijarah should be strictly followed in any related sukuk issuance. Likewise partnership related contracts, such as Musharakah, Mudarabah, Wakalah and so on. It is also advised that Sukuk issuances must be strictly observing the Shari’ah principles of prohibitory transactions; couple with principle of purification of income where applicable. Serial Publication Private Limited India 2018-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69131/1/69131_Prohibitory%20transactions%20of%20Sukuk%20assets.pdf Adam Sa'ad, Auwal and Ansari, Abdul Haseeb (2018) Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets. Journal of Islamic Law Review, 14 (1). pp. 99-107. ISSN 0973-2918 http://www.serialspublications.com/journals/journal-detail.php?jid=262
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB126.4 Islamic Economics HF5410 Marketing. Distribution of products HG3368 Islamic Banking and Finance KBP Islamic Law
spellingShingle	HB126.4 Islamic Economics HF5410 Marketing. Distribution of products HG3368 Islamic Banking and Finance KBP Islamic Law Adam Sa'ad, Auwal Ansari, Abdul Haseeb Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets
description	The paper discuses issues related to prohibitory transactions associated to Sukuk issuances in Islamic capital markets. The paper is elaborated based on the principles of prohibitory transactions such as gambling, riba (usury), gharar (excessive risk) non-halal products and services. The paper discussed issues related to future assets and services in which Islamic jurists have difference of opinion in accepting part of it as genuine Islamic assets for Sukuk transaction purposes. The paper also touches issues of the prohibitions and purification of income related to an Islamic financial institution. The paper suggests that rules related to Islamic contracts of sale such as bay’Muajjal, Murabahah, Salam, Istithna’, Ijarah should be strictly followed in any related sukuk issuance. Likewise partnership related contracts, such as Musharakah, Mudarabah, Wakalah and so on. It is also advised that Sukuk issuances must be strictly observing the Shari’ah principles of prohibitory transactions; couple with principle of purification of income where applicable.
format	Article
author	Adam Sa'ad, Auwal Ansari, Abdul Haseeb
author_facet	Adam Sa'ad, Auwal Ansari, Abdul Haseeb
author_sort	Adam Sa'ad, Auwal
title	Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets
title_short	Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets
title_full	Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets
title_fullStr	Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets
title_full_unstemmed	Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets
title_sort	prohibitory transactions of sukuk assets: the shari'ah analysis with reference to islamic capital markets
publisher	Serial Publication Private Limited India
publishDate	2018
url	http://irep.iium.edu.my/69131/ http://irep.iium.edu.my/69131/ http://irep.iium.edu.my/69131/1/69131_Prohibitory%20transactions%20of%20Sukuk%20assets.pdf
first_indexed	2023-09-18T21:38:08Z
last_indexed	2023-09-18T21:38:08Z
_version_	1777412958540791808

Prohibitory transactions of Sukuk assets: the shari'ah analysis with reference to Islamic capital markets

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