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The rise in demand of sukuk / Faid Abd. Rahmali

The demand for sukuk in Malaysia has been grown remarkably in the last couple of years since the first issuance in the early 1990s by a foreign owned non-Islamic company, Shell MDS, known as World's first ringgit sukuk. Up until now, sukuk had not shown any sign of slowing down except when it f...

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Main Author: Abd. Rahmali, Faid
Format: Student Project
Language:English
Published: 2013
Subjects:
Investment, capital formation, speculation
Bonds
Finance, Islamic
Online Access:https://ir.uitm.edu.my/id/eprint/69161/1/69161.pdf
https://ir.uitm.edu.my/id/eprint/69161/
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spelling my.uitm.ir.691612022-11-09T04:25:58Z https://ir.uitm.edu.my/id/eprint/69161/ The rise in demand of sukuk / Faid Abd. Rahmali Abd. Rahmali, Faid Investment, capital formation, speculation Bonds Finance, Islamic The demand for sukuk in Malaysia has been grown remarkably in the last couple of years since the first issuance in the early 1990s by a foreign owned non-Islamic company, Shell MDS, known as World's first ringgit sukuk. Up until now, sukuk had not shown any sign of slowing down except when it faces the global financial crisis. The study objective of this paper is going to foresee the rise in demand of sukuk issuance with the economics factors in Malaysian Capital Market. This paper will analyze three independent variables related to the rise in the demand of sukuk for the period 1990 to 2011. Whereby, it consists of (i) Gross Domestic Product (GDP), (ii) Foreign Exchange Rate (FOREX), and (iii) Market Liquidity (LIQ). Otherwise, the dependent variable would expect to be the growth rate of sukuk issuance. The methodology use is model estimation of ordinary least square regression method (OLS) by using multiple regressions. Thus, the results shows that sukuk issuance in Malaysia reckon only two variables consist of GDP and FOREX as major factor contribute to the rise in demand of sukuk. While, for market liquidity the result show slightly insignificant due to the liquidation of other Islamic products that give negative effect to the sukuk issuance likewise demand for commodity murabahah or tawarruq. 2013 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/69161/1/69161.pdf The rise in demand of sukuk / Faid Abd. Rahmali. (2013) [Student Project]
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Investment, capital formation, speculation
Bonds
Finance, Islamic
spellingShingle Investment, capital formation, speculation
Bonds
Finance, Islamic
Abd. Rahmali, Faid
The rise in demand of sukuk / Faid Abd. Rahmali
description The demand for sukuk in Malaysia has been grown remarkably in the last couple of years since the first issuance in the early 1990s by a foreign owned non-Islamic company, Shell MDS, known as World's first ringgit sukuk. Up until now, sukuk had not shown any sign of slowing down except when it faces the global financial crisis. The study objective of this paper is going to foresee the rise in demand of sukuk issuance with the economics factors in Malaysian Capital Market. This paper will analyze three independent variables related to the rise in the demand of sukuk for the period 1990 to 2011. Whereby, it consists of (i) Gross Domestic Product (GDP), (ii) Foreign Exchange Rate (FOREX), and (iii) Market Liquidity (LIQ). Otherwise, the dependent variable would expect to be the growth rate of sukuk issuance. The methodology use is model estimation of ordinary least square regression method (OLS) by using multiple regressions. Thus, the results shows that sukuk issuance in Malaysia reckon only two variables consist of GDP and FOREX as major factor contribute to the rise in demand of sukuk. While, for market liquidity the result show slightly insignificant due to the liquidation of other Islamic products that give negative effect to the sukuk issuance likewise demand for commodity murabahah or tawarruq.
format Student Project
author Abd. Rahmali, Faid
author_facet Abd. Rahmali, Faid
author_sort Abd. Rahmali, Faid
title The rise in demand of sukuk / Faid Abd. Rahmali
title_short The rise in demand of sukuk / Faid Abd. Rahmali
title_full The rise in demand of sukuk / Faid Abd. Rahmali
title_fullStr The rise in demand of sukuk / Faid Abd. Rahmali
title_full_unstemmed The rise in demand of sukuk / Faid Abd. Rahmali
title_sort rise in demand of sukuk / faid abd. rahmali
publishDate 2013
url https://ir.uitm.edu.my/id/eprint/69161/1/69161.pdf
https://ir.uitm.edu.my/id/eprint/69161/
_version_ 1751539934089445376
score 13.211869

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