Are sukuk debt or equity? A classification of sukuk by regulatory bodies and credit rating agencies / Rafisah Mat Radzi and Nurul Aini Muhamed.

• Main Authors: Mat Radzi, Rafisah, Muhamed, Nurul Aini
• Format: Article
• Language: English
• Published: Universiti Teknologi Mara Selangor 2019
• Subjects: Investment, capital formation, speculation; Securities. Fixed-income securities; Bonds
• Online Access: http://ir.uitm.edu.my/id/eprint/32289/1/AJ_RAFISAH%20MAT%20RADZI%20JEEIR%20B%2019.pdf; http://ir.uitm.edu.my/id/eprint/32289/; http://www.jeeir.com/v2/index.php/45-current/2019/vol-7-no-2-2019/290-are-sukuk-debt-or-equity-a-classification-of-sukuk-by-regulatory-bodies-and-credit-rating-agencies
• Institution: Universiti Teknologi Mara

Sukuk (Islamic bonds) are the Shariah (Islamic law) instrument that serves as an alternative to conventional bonds that are used in the modern capital market. In theory, sukuk represent a form of equity as they represent certificates conferring ownership to holders of an asset or pool of assets or c...