Think Piece By Prof. Dr. Obiyathulla Ismath Bacha Sukuk, which are probably Islamic Finance’s most popular product has of late gone through a fair bit of innovation. As opposed to […]

Abstract The purpose of this paper is to identify the underlying issues of healthcare system in Maldives in order to provide an understanding of the challenges facing healthcare providers in […]

Abstract Documented evidence on conventional bond markets shows negative market reaction to bond credit rating downgrade and no reaction to credit rating upgrade. Despite the fact that sukuk issuances make […]

Abstract The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting […]

Sukuk Shehama is a financial instrument that has only recently emerged. It is a form of government-issued Islamic Bond (Sukuk) based on Musharakah which is found in Sudan but can be […]

Sukuk may be the most popular product in Islamic finance. It may also have international appeal and a global footprint. Many governments, both of Islamic and non-Islamic countries, have issued […]

Growth and development cannot happen without adequate infrastructure. Yet,  with inadequate domestic savings and capital formation, the financing of development infrastructure becomes a huge challenge for developing countries.  They often […]

Hong Kong made history recently as far as Islamic finance was concerned. The Hong Kong government recently issued its inaugural sukuk, a Shariah compliance Islamic bond based on Ijarah structure. […]