Sustainable Sukuk Markets: The Role of Sovereign Sukuk
An essential driver for the sustainability of Sukuk markets is sovereign Sukuk. The prevailing mechanism for issuing sovereign Sukuk is complex and imposes severe limitations on the issuance of sovereign Sukuk. This paper presents an alternative model for a scalable and efficient framework of sovere...
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| Format: | Article |
| Language: | Arabic |
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Social Sciences University of Ankara
2021-01-01
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| Series: | Journal of Islamic Economics |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/1253549 |
| _version_ | 1797685975672946688 |
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| author | Sami Al-suwaılem |
| author_facet | Sami Al-suwaılem |
| author_sort | Sami Al-suwaılem |
| collection | DOAJ |
| description | An essential driver for the sustainability of Sukuk markets is sovereign Sukuk. The prevailing mechanism for issuing sovereign Sukuk is complex and imposes severe limitations on the issuance of sovereign Sukuk. This paper presents an alternative model for a scalable and efficient framework of sovereign Sukuk. The key to this framework is the establishment of the “Sovereign Finance Corporation” as an entity dedicated to financing the government’s activities using fixed-income Islamic modes of financing. The SFC acts as a financial intermediary between the government and capital markets and as a reserve builder for future financing of the government. The cash flow analysis and numerical simulations suggest the promising feasibility of the proposed framework. |
| first_indexed | 2024-03-12T00:59:01Z |
| format | Article |
| id | doaj.art-4b894aa705714065bcaaf5f181da49da |
| institution | Directory Open Access Journal |
| issn | 2822-2326 |
| language | Arabic |
| last_indexed | 2024-03-12T00:59:01Z |
| publishDate | 2021-01-01 |
| publisher | Social Sciences University of Ankara |
| record_format | Article |
| series | Journal of Islamic Economics |
| spelling | doaj.art-4b894aa705714065bcaaf5f181da49da2023-09-14T09:14:40ZaraSocial Sciences University of AnkaraJournal of Islamic Economics2822-23262021-01-01111261802Sustainable Sukuk Markets: The Role of Sovereign SukukSami Al-suwaılem0Islamic Research and Training InstituteAn essential driver for the sustainability of Sukuk markets is sovereign Sukuk. The prevailing mechanism for issuing sovereign Sukuk is complex and imposes severe limitations on the issuance of sovereign Sukuk. This paper presents an alternative model for a scalable and efficient framework of sovereign Sukuk. The key to this framework is the establishment of the “Sovereign Finance Corporation” as an entity dedicated to financing the government’s activities using fixed-income Islamic modes of financing. The SFC acts as a financial intermediary between the government and capital markets and as a reserve builder for future financing of the government. The cash flow analysis and numerical simulations suggest the promising feasibility of the proposed framework.https://dergipark.org.tr/tr/download/article-file/1253549sovereign sukukislamic financesimulationsupply chain |
| spellingShingle | Sami Al-suwaılem Sustainable Sukuk Markets: The Role of Sovereign Sukuk Journal of Islamic Economics sovereign sukuk islamic finance simulation supply chain |
| title | Sustainable Sukuk Markets: The Role of Sovereign Sukuk |
| title_full | Sustainable Sukuk Markets: The Role of Sovereign Sukuk |
| title_fullStr | Sustainable Sukuk Markets: The Role of Sovereign Sukuk |
| title_full_unstemmed | Sustainable Sukuk Markets: The Role of Sovereign Sukuk |
| title_short | Sustainable Sukuk Markets: The Role of Sovereign Sukuk |
| title_sort | sustainable sukuk markets the role of sovereign sukuk |
| topic | sovereign sukuk islamic finance simulation supply chain |
| url | https://dergipark.org.tr/tr/download/article-file/1253549 |
| work_keys_str_mv | AT samialsuwaılem sustainablesukukmarketstheroleofsovereignsukuk |