Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
The purpose of this paper is to determine the principle of Ibn Khaldun’s economic thoughts in Sukuk markets. Sukuk market has surprisingly risen in recent years. However, some challenges hinder the potentiality of sukuk market. The notable problems are lack of standardization, lack of inadequate tra...
| Main Authors: | , |
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| Format: | Article |
| Language: | Arabic |
| Published: |
Ibn Haldun University
2019-07-01
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| Series: | İbn Haldun Çalışmaları Dergisi |
| Subjects: | |
| Online Access: | https://journal.ihu.edu.tr/index.php/ihu1/article/view/77 |
| _version_ | 1797920008305639424 |
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| author | Mohammad Burhan Uddin Afandi Awang Hamat |
| author_facet | Mohammad Burhan Uddin Afandi Awang Hamat |
| author_sort | Mohammad Burhan Uddin |
| collection | DOAJ |
| description | The purpose of this paper is to determine the principle of Ibn Khaldun’s economic thoughts in Sukuk markets. Sukuk market has surprisingly risen in recent years. However, some challenges hinder the potentiality of sukuk market. The notable problems are lack of standardization, lack of inadequate trading platforms, lack of low level of sukuk rates, lack of market structure of sukuk for retail investors and lack of global Islamic banking institutions. Apart from that, some other factors that hamper sukuk market’s growth like lack of legislative framework, lack of tax law framework, lack of Shari’ah governance framework, lack of corporate sukuk issuances and diversified investor base. In order to overcome the constraints and improve the growth of sukuk market, one of the Ibn Khaldun’s economic model that entails eight categories, has been proposed in this work while Ibn Khaldun proposed several economic structures in literatures other than the proposed one. |
| first_indexed | 2024-04-10T13:54:20Z |
| format | Article |
| id | doaj.art-8a7ce126faab4c7092e9767b3f89d781 |
| institution | Directory Open Access Journal |
| issn | 2651-379X |
| language | Arabic |
| last_indexed | 2024-04-10T13:54:20Z |
| publishDate | 2019-07-01 |
| publisher | Ibn Haldun University |
| record_format | Article |
| series | İbn Haldun Çalışmaları Dergisi |
| spelling | doaj.art-8a7ce126faab4c7092e9767b3f89d7812023-02-15T16:10:32ZaraIbn Haldun Universityİbn Haldun Çalışmaları Dergisi2651-379X2019-07-014210.36657/ihcd.2019.61Ibn Khaldun’s Economic Thought: A Role Model for Sukuk MarketMohammad Burhan Uddin0Afandi Awang Hamat1International Islamic UniversityInternational Islamic UniversityThe purpose of this paper is to determine the principle of Ibn Khaldun’s economic thoughts in Sukuk markets. Sukuk market has surprisingly risen in recent years. However, some challenges hinder the potentiality of sukuk market. The notable problems are lack of standardization, lack of inadequate trading platforms, lack of low level of sukuk rates, lack of market structure of sukuk for retail investors and lack of global Islamic banking institutions. Apart from that, some other factors that hamper sukuk market’s growth like lack of legislative framework, lack of tax law framework, lack of Shari’ah governance framework, lack of corporate sukuk issuances and diversified investor base. In order to overcome the constraints and improve the growth of sukuk market, one of the Ibn Khaldun’s economic model that entails eight categories, has been proposed in this work while Ibn Khaldun proposed several economic structures in literatures other than the proposed one.https://journal.ihu.edu.tr/index.php/ihu1/article/view/77Ibn KhaldunEconomicsDevelopment Model and Sukuk Market Challenges |
| spellingShingle | Mohammad Burhan Uddin Afandi Awang Hamat Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market İbn Haldun Çalışmaları Dergisi Ibn Khaldun Economics Development Model and Sukuk Market Challenges |
| title | Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market |
| title_full | Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market |
| title_fullStr | Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market |
| title_full_unstemmed | Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market |
| title_short | Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market |
| title_sort | ibn khaldun s economic thought a role model for sukuk market |
| topic | Ibn Khaldun Economics Development Model and Sukuk Market Challenges |
| url | https://journal.ihu.edu.tr/index.php/ihu1/article/view/77 |
| work_keys_str_mv | AT mohammadburhanuddin ibnkhaldunseconomicthoughtarolemodelforsukukmarket AT afandiawanghamat ibnkhaldunseconomicthoughtarolemodelforsukukmarket |