Islamic Bonds Issues: The Malaysian Experience
The paper is a review of the Malaysian experience in managing the issuance and development of Islamic bonds market. It was observed that Malaysia has begun with the issuance of loan-based Islamic bonds by the Malaysian government followed by the vast and extensive issuance of sale-based Islamic bo...
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Asian Academy of Management
2010
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Online Access: | http://dspace.unimap.edu.my/xmlui/handle/123456789/2889 http://hdl.handle.net/123456789/2889 |
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my.usim-28892015-07-06T04:21:41Z Islamic Bonds Issues: The Malaysian Experience Abdullaah Jalil Sukuk Islamic bonds Islamic private debt securities The paper is a review of the Malaysian experience in managing the issuance and development of Islamic bonds market. It was observed that Malaysia has begun with the issuance of loan-based Islamic bonds by the Malaysian government followed by the vast and extensive issuance of sale-based Islamic bonds by both government and private corporations. However, most of the Malaysian Islamic bonds issued to date have been based on the principles of Murabahah and Al-Bai’ Bithaman Ajil (BBA) that can hardly obtain the acceptance and confidence of global investors especially from the Middle-East countries. Hence, the issuance of Ijarah-based global sovereign and corporate Islamic bonds (Sukuk) took place in 2002. In general, five key factors have been recognized to develop a more comprehensive Malaysian Islamic bonds market and accelerate the progress of Malaysia’s venture into the international Islamic financial arena. USIM 2010-03-23T10:21:28Z 2010-03-23T10:21:28Z 2005-12 Conference Paper http://hdl.handle.net/123456789/2889 en Asian Academy of Management |
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Universit Sains Islam i Malaysia |
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Sukuk Islamic bonds Islamic private debt securities |
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Sukuk Islamic bonds Islamic private debt securities Abdullaah Jalil Islamic Bonds Issues: The Malaysian Experience |
description |
The paper is a review of the Malaysian experience in managing the issuance and development of Islamic
bonds market. It was observed that Malaysia has begun with the issuance of loan-based Islamic bonds by
the Malaysian government followed by the vast and extensive issuance of sale-based Islamic bonds by both
government and private corporations. However, most of the Malaysian Islamic bonds issued to date have
been based on the principles of Murabahah and Al-Bai’ Bithaman Ajil (BBA) that can hardly obtain the
acceptance and confidence of global investors especially from the Middle-East countries. Hence, the
issuance of Ijarah-based global sovereign and corporate Islamic bonds (Sukuk) took place in 2002. In
general, five key factors have been recognized to develop a more comprehensive Malaysian Islamic bonds
market and accelerate the progress of Malaysia’s venture into the international Islamic financial arena. |
format |
Conference Paper |
author |
Abdullaah Jalil |
author_facet |
Abdullaah Jalil |
author_sort |
Abdullaah Jalil |
title |
Islamic Bonds Issues: The Malaysian Experience |
title_short |
Islamic Bonds Issues: The Malaysian Experience |
title_full |
Islamic Bonds Issues: The Malaysian Experience |
title_fullStr |
Islamic Bonds Issues: The Malaysian Experience |
title_full_unstemmed |
Islamic Bonds Issues: The Malaysian Experience |
title_sort |
islamic bonds issues: the malaysian experience |
publisher |
Asian Academy of Management |
publishDate |
2010 |
url |
http://dspace.unimap.edu.my/xmlui/handle/123456789/2889 http://hdl.handle.net/123456789/2889 |
_version_ |
1645151359122538496 |
score |
13.222552 |