Sukuk securities, their definitions, classification and pricing issues

Mohamed Ariff, Meysam Safari, Mohamed Shamsher

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

9 Citations (Scopus)


Extract: Islamic securities are specially tailored financial products that conform
to a given set of legal-common-law-based {shari'ah) financial transaction
principles, which are deemed strictly applied when designing financial con¬
tracting terms covering such products. These principles arc quite different
from those used in the design of conventional securities. The principles
guiding the design of these securities evolved over some two and a half
centuries without reference to such doctrine-based principles as are applied
in designing Islamic financial products in historical times.
Original languageEnglish
Title of host publicationThe Islamic Debt Market for Sukuk Securities
Subtitle of host publicationThe theory and practice of profit sharing investment
EditorsMohamed Ariff, Munawar Iqbal, Shamsher Mohamad
Place of PublicationCheltenham, UK
PublisherEdward Elgar Publishing
Number of pages31
ISBN (Print)9780857936202
Publication statusPublished - 2012


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