Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
Last decade has witnessed rapid expansion of Islamic financial instruments with particularly the increase of Islamic investment certificates called Sukuk. Since Sukuk represent an alternative instrument to conventional bonds, it is of interest to evaluate the economic differences between these finan...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Thesis |
| Language: | en |
| Published: |
2013
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/46849/1/46849.pdf https://ir.uitm.edu.my/id/eprint/46849/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1833068237524303872 |
|---|---|
| author | Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati |
| author_facet | Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati |
| author_sort | Ibrahim, Mukhairi |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | Last decade has witnessed rapid expansion of Islamic financial instruments with particularly the increase of Islamic investment certificates called Sukuk. Since Sukuk represent an alternative instrument to conventional bonds, it is of interest to evaluate the economic differences between these financing techniques and appraise the implications on the future expand of Sukuk. Performance analysis is use to investigate whether sukuk is under performing compare to conventional bond. This study found that the market perceived the risks of the instruments (Sukuk and Conventional bond) as the same that is why the return of the financial instrument is not significantly difference. For the issuer of Government Sukuk and on Government Sukuk the finding revealed, the risk are different event though based on same instrument (Sukuk), that is why the return of the issuer are significantly difference. For the on Government based Sukuk gave more return compare to Government Sukuk. The market perceived the risks of the two instruments (Sukuk and Conventional Bond) for government and non government issued as the same, that is why the return of the financial instrument for Government or Non Government based Sukuk or Conventional issued is not significantly difference. |
| format | Thesis |
| id | my.uitm.ir-46849 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 2013 |
| record_format | eprints |
| spelling | my.uitm.ir-468492021-08-23T05:01:59Z https://ir.uitm.edu.my/id/eprint/46849/ Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati Investment companies. Investment trusts. Mutual funds Malaysia Last decade has witnessed rapid expansion of Islamic financial instruments with particularly the increase of Islamic investment certificates called Sukuk. Since Sukuk represent an alternative instrument to conventional bonds, it is of interest to evaluate the economic differences between these financing techniques and appraise the implications on the future expand of Sukuk. Performance analysis is use to investigate whether sukuk is under performing compare to conventional bond. This study found that the market perceived the risks of the instruments (Sukuk and Conventional bond) as the same that is why the return of the financial instrument is not significantly difference. For the issuer of Government Sukuk and on Government Sukuk the finding revealed, the risk are different event though based on same instrument (Sukuk), that is why the return of the issuer are significantly difference. For the on Government based Sukuk gave more return compare to Government Sukuk. The market perceived the risks of the two instruments (Sukuk and Conventional Bond) for government and non government issued as the same, that is why the return of the financial instrument for Government or Non Government based Sukuk or Conventional issued is not significantly difference. 2013-01-26 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/46849/1/46849.pdf Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali. (2013) Masters thesis, thesis, UiTM Cawangan Johor Kampus Pasir Gudang. |
| spellingShingle | Investment companies. Investment trusts. Mutual funds Malaysia Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali |
| title | Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali |
| title_full | Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali |
| title_fullStr | Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali |
| title_full_unstemmed | Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali |
| title_short | Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali |
| title_sort | are sukuk really giving return? evidence from the malaysian market / mukhairi ibrahim, ibrahim hanif md. ghazali & suria haryati mohamed ali |
| topic | Investment companies. Investment trusts. Mutual funds Malaysia |
| url | https://ir.uitm.edu.my/id/eprint/46849/1/46849.pdf https://ir.uitm.edu.my/id/eprint/46849/ |
| url_provider | http://ir.uitm.edu.my/ |