Displaying items by tag: Sukuk

Tidak dinafikan bahawa Islam mampu disebarkan dalam pelbagai bentuk dan cara.  Persoalannya, bagaimana kebijaksanaan dalam mengembangkan syiar Islam.  Undang-undang Islam bukan hanya berkisar kepada jenayah hudud atau qisas semata-mata malah pelbagai aspek meliputi politik (Ahkam al-siyasiyyah), komersial (muamalat), ibadat (fiqh ibadat), perundangan keadilan (Ahkam al-Qadha), serta jenayah (fiqh al-jinayat).  Kewangan Islam menyebarkan undang-undang Islam dengan prinsipnya seperti diharamkan bermuamalat dengan riba, dilarang menyewakan premis yang melakukan amalan ditegah al-Quran seperti berjudi, pelacuran, menilik nasib atau minum arak.  Dengan memperkenalkan produk kewangan Islam seperti sukuk, musyarakah, mudharabaha, ijarah, tawarruq, murabahah dan sebagainya, ini bererti pihak terbabit dalam kontrak bersetuju mengikat kontrak menurut lunas syariah.....................Download the full article in pdf attachment (below)

 

 

“Benchmarking” in Islamic finance is a method of predetermining the magnitude of profits paid by issuers of Islamic sukuk (certificates of investment) to investors. Benchmarking is done by linking investors’ profits to an interest rate, usually Libor (London Interbank Overnight Rate). Normally, a few basis points are added to the reference interest rate to arrive at the benchmarked profit rate.......... Download the full article in pdf attachment (below)

Malaysia is well positioned to issue corporate social responsibility (CSR) Islamic bonds (sukuk) given the existence of appropriate laws, said Iqbal Khan, the second recipient of the prestigious Royal Award for Islamic Finance. The country is today a leading international centre for sukuk issuance.......... Download the full article in pdf attachment (below)

“Finance” has both a theoretical and a practical meaning. In the theoretical sense, finance is the knowledge of acquiring and allocating (utilising) funds, public as well as private. In the practical sense, finance is the management (earning and spending) of funds to achieve specific objectives, personal or social............ Download the full article in pdf attachment (below)

Sukuk are Islamic certificates of investment. They signify co-ownership of productive resources, known as the “underlying assets.” Because income to sukukholders is generated by trading or real investment rather than mere lending, sukukholders earn profit rather than interest. As co-owners of productive assets, sukukholders face the risks of ownership. In particular, they face the risk that their assets may not generate profits or that may even incur losses. They also face the risk that the assets may be damaged or destroyed completely........... Download the full article in pdf attachment (below)

The development of sukuk, though recent, has progressed spectacularly. The first-of-its-kind sukuk was initially launched in the year 2000 at the 11th Islamic Development Bank Annual Symposium. The main reason for the issuing of the sukuk at that time was to assist both sovereigns and corporates to have an access into the Islamic capital markets. From then onwards, it has been widely accepted that the sukuk industry has emerged as one of the main apparatuses of the Islamic financial system and has increasingly become an essential subset of the international financial system........... Download the full article in pdf attachment (below)