Sukuk versus bonds: New evidence from the primary market
We use a propensity score matching procedure to compare the returns of sukuk and conventional bond issuances in the primary market in the period 2000–2021. The results of our analysis show that sukuk are issued at lower overall coupon levels than conventional bonds. We find that the difference is be...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-09-01
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| Series: | Borsa Istanbul Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S221484502200031X |