In a new exposure draft (AGEB 2/2022 v.10.0) of the AAOIFI Governance Standard (GS), AAOIFI provided rating agencies with guidelines for evaluating the Shariah compliance and fiduciary rating of Sukuk and other Islamic finance instruments. The exposure draft […]

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. […]