Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية

Saudi Arabia holds the second place globally after Malaysia, and the first place among the Arabic nations in the value of sukuk issuances with a total issuances of $ 117.8 billion (for the period 2001-2018), as the Kingdom aims in its vision to develop the financial sector (under Vision 2030), it p...

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Main Authors: Alnaggar, Ahmed Mohamed Hassan, Othman, Anwar Hasan Abdullah
Format: Conference or Workshop Item
Language:English
Published: European Academy of Finance and Islamic Economics (EAFIE) 2019
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Online Access:http://irep.iium.edu.my/76090/1/76090%20-Legal%20and%20shari%27a%20governance%20framework%20for%20sukuk%20issuance-%20%D8%A7%D9%84%D8%A3%D8%B7%D8%B1%20%D8%A7%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86%D9%8A%D8%A9%20%D9%88%D8%A7%D9%84%D8%B4%D8%B1%D8%B9%D9%8A%D8%A9%20%D9%84%D9%84%D8%B5%D9%83%D9%88%D9%83%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9%20%D8%A3%D8%AD%D9%85%D8%AF%20%D8%A7%D9%84%D9%86%D8%AC%D8%A7%D8%B1.pdf
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spelling my.iium.irep.760902021-03-21T01:05:10Z http://irep.iium.edu.my/76090/ Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية Alnaggar, Ahmed Mohamed Hassan Othman, Anwar Hasan Abdullah HB126.4 Islamic Economics HB501 Capital. Capitalism HG Finance HJ8003 Public credit. Debts. Loans. Claims HJ9011 Local finance Saudi Arabia holds the second place globally after Malaysia, and the first place among the Arabic nations in the value of sukuk issuances with a total issuances of $ 117.8 billion (for the period 2001-2018), as the Kingdom aims in its vision to develop the financial sector (under Vision 2030), it played a major role in the development of the sukuk market . This will require an in-depth and up-to-date analysis of the applicable rules and regulations and the readiness of the regulatory and legal structure and Shari'a governance frameworks to achieve this goal .The research uses the comparative and descriptive approach to analyze relevant legal and regulatory texts, with a comparative study on these texts in Malaysia and the United Arab Emirates as Benchmark countries as they rank in the top global sukuk market in terms of the value issued, as well as hold a good track record in sukuk issuances and different structures . This will help to give a detailed and up-to-date picture of the legal framework governing the issuance of sukuk in Saudi Arabia .Through this comparative analysis, the research found several challenges at the level of legal and Shari'a governance framework for sukuk issuance in the Kingdom, which calls for several initiatives to address these challenges. European Academy of Finance and Islamic Economics (EAFIE) 2019-11-08 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/76090/1/76090%20-Legal%20and%20shari%27a%20governance%20framework%20for%20sukuk%20issuance-%20%D8%A7%D9%84%D8%A3%D8%B7%D8%B1%20%D8%A7%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86%D9%8A%D8%A9%20%D9%88%D8%A7%D9%84%D8%B4%D8%B1%D8%B9%D9%8A%D8%A9%20%D9%84%D9%84%D8%B5%D9%83%D9%88%D9%83%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9%20%D8%A3%D8%AD%D9%85%D8%AF%20%D8%A7%D9%84%D9%86%D8%AC%D8%A7%D8%B1.pdf Alnaggar, Ahmed Mohamed Hassan and Othman, Anwar Hasan Abdullah (2019) Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية. In: الأسواق المالية الإسلامية بين الواقع والواجب – أبحاث المؤتمر الدولي الثاني للأكاديمية الأوروبية للتمويل والاقتصاد الإسلامي (إيفي) – تركيا - Research of the Second International Conference of the European Academy of Finance and Islamic Economics 2019, 9-November 2019, Turkey. https://iefpedia.com/arab/wp-content/uploads/2019/11/كتاب-ابحاث-مؤتمر-إيفي-الثاني-2019-نسخة-محدثة-بتوصيات-المؤتمر.pdf
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HB126.4 Islamic Economics
HB501 Capital. Capitalism
HG Finance
HJ8003 Public credit. Debts. Loans. Claims
HJ9011 Local finance
spellingShingle HB126.4 Islamic Economics
HB501 Capital. Capitalism
HG Finance
HJ8003 Public credit. Debts. Loans. Claims
HJ9011 Local finance
Alnaggar, Ahmed Mohamed Hassan
Othman, Anwar Hasan Abdullah
Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
description Saudi Arabia holds the second place globally after Malaysia, and the first place among the Arabic nations in the value of sukuk issuances with a total issuances of $ 117.8 billion (for the period 2001-2018), as the Kingdom aims in its vision to develop the financial sector (under Vision 2030), it played a major role in the development of the sukuk market . This will require an in-depth and up-to-date analysis of the applicable rules and regulations and the readiness of the regulatory and legal structure and Shari'a governance frameworks to achieve this goal .The research uses the comparative and descriptive approach to analyze relevant legal and regulatory texts, with a comparative study on these texts in Malaysia and the United Arab Emirates as Benchmark countries as they rank in the top global sukuk market in terms of the value issued, as well as hold a good track record in sukuk issuances and different structures . This will help to give a detailed and up-to-date picture of the legal framework governing the issuance of sukuk in Saudi Arabia .Through this comparative analysis, the research found several challenges at the level of legal and Shari'a governance framework for sukuk issuance in the Kingdom, which calls for several initiatives to address these challenges.
format Conference or Workshop Item
author Alnaggar, Ahmed Mohamed Hassan
Othman, Anwar Hasan Abdullah
author_facet Alnaggar, Ahmed Mohamed Hassan
Othman, Anwar Hasan Abdullah
author_sort Alnaggar, Ahmed Mohamed Hassan
title Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
title_short Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
title_full Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
title_fullStr Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
title_full_unstemmed Legal and shari'a governance framework for sukuk issuance in the kingdom of Saudi Arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
title_sort legal and shari'a governance framework for sukuk issuance in the kingdom of saudi arabia a comparative analytical study - الأطر القانونية والشرعية للصكوك في السعودية
publisher European Academy of Finance and Islamic Economics (EAFIE)
publishDate 2019
url http://irep.iium.edu.my/76090/1/76090%20-Legal%20and%20shari%27a%20governance%20framework%20for%20sukuk%20issuance-%20%D8%A7%D9%84%D8%A3%D8%B7%D8%B1%20%D8%A7%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86%D9%8A%D8%A9%20%D9%88%D8%A7%D9%84%D8%B4%D8%B1%D8%B9%D9%8A%D8%A9%20%D9%84%D9%84%D8%B5%D9%83%D9%88%D9%83%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9%20%D8%A3%D8%AD%D9%85%D8%AF%20%D8%A7%D9%84%D9%86%D8%AC%D8%A7%D8%B1.pdf
http://irep.iium.edu.my/76090/
https://iefpedia.com/arab/wp-content/uploads/2019/11/كتاب-ابحاث-مؤتمر-إيفي-الثاني-2019-نسخة-محدثة-بتوصيات-المؤتمر.pdf
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score 13.211869