The Application Of Beneficial Ownership In Asset-Based Sukuk: A Shariñah Analysis

• Main Authors: Mohamad Zaharuddin Zakaria, Ahmad Zaki Salleh, Akhtar Zaity Abdul Aziz
• Format: Article
• Language: English
• Published: Universiti Sains Islam Malaysia 2018
• Subjects: Islamic Capital Market, Sukuk, Shariah, Muamalat
• Online Access: http://ddms.usim.edu.my:80/jspui/handle/123456789/16313
• Institution: Universiti Sains Islam Malaysia

ABSTRACTThere are two categories of sukuk namely Asset-based and Asset-backed sukuk. Assed-based sukuk is a sukuk whereby the existence of an underlying asset is sold to the investors only to facilitate the issuance of sukuk. Whereas in asset-backed sukuk, the asset is not merely used...