Title

Prospects and challenges of developing sukuk Islamic debt markets around the world

Date of this Version

1-1-2012

Document Type

Book Chapter

Publication Details

Citation only

Ariff, M., Iqbal, M., & Mohamad., S. (2012). Prospects and challenges of developing sukuk Islamic debt markets around the world.In M. Ariff, M. Iqbal & S. Mohamad (Eds.), The Islamic Debt Market for Sukuk Securities: The Theory and Practice of Profit Sharing Investment (pp 206-217). Cheltenham, UK: Edward Elgar Publishing

Access the publisher

2012 HERDC submission. FoR code: 150203

© Copyright Mohamed Ariff, Munwar Iqbal and Shamsher Mohamad, 2012

ISBN

9780857936202

Abstract

Extract: The first Malaysian sukuk as a new Islamic financial debt security was
issued as a private sector issue by Shell Company (M) Bhd, and raised
RM125 million (USS45 million) in 1990. However, sukuk had been
introduced earlier in Saudi Arabia and Pakistan back in the 1980s,
but the debut of the 1990 issue was after the institutional development
of the market for sukuk in several locations in the Middle East and
Southeast Asia, and which is now in major financial centres such as
in London and Zurich.

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This document has been peer reviewed.