Sukuk Issuance in China: Trends and Positive Expectations
The paper assesses the potential and importance of Sukuk issuance in China. The research proposes that Sukuk can be used as an alternative financing instrument to materialise the “One Belt One Road” strategy. Hong Kong as a gateway of China had launched two Sukuks in 2014 and 2015 respectively. Thi...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016-10-01
|
| Series: | International Review of Management and Marketing |
| Online Access: | https://econjournals.com/index.php/irmm/article/view/3348 |
| _version_ | 1797917351163723776 |
|---|---|
| author | Ding Bo Engku Rabiah Adawiah Engku Ali Buerhan Saiti |
| author_facet | Ding Bo Engku Rabiah Adawiah Engku Ali Buerhan Saiti |
| author_sort | Ding Bo |
| collection | DOAJ |
| description |
The paper assesses the potential and importance of Sukuk issuance in China. The research proposes that Sukuk can be used as an alternative financing instrument to materialise the “One Belt One Road” strategy. Hong Kong as a gateway of China had launched two Sukuks in 2014 and 2015 respectively. This paper analyzes the two sovereign Sukuk issuances out of Hong Kong in the last three years. Meanwhile, by conducting un-structured interviews of the potential issuers and related scholars, it is found that Sukuk issuance in China will face some challenges such as policies and regulations of Sukuk, tax and stamp duty issues, investors' protection, establishing of Shariah Supervisory Committee, etc. However “One Belt One Road” initiative provides the best opportunity for Sukuk to move forward in China.
Keywords: Sukuk, Islamic finance, One Belt One Road, Hong Kong, China
JEL Classifications: O31, P47, Z33
|
| first_indexed | 2024-04-10T13:11:56Z |
| format | Article |
| id | doaj.art-d8dba89ee5b94693a3a54e129ad9869d |
| institution | Directory Open Access Journal |
| issn | 2146-4405 |
| language | English |
| last_indexed | 2024-04-10T13:11:56Z |
| publishDate | 2016-10-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Review of Management and Marketing |
| spelling | doaj.art-d8dba89ee5b94693a3a54e129ad9869d2023-02-15T16:12:33ZengEconJournalsInternational Review of Management and Marketing2146-44052016-10-0164Sukuk Issuance in China: Trends and Positive ExpectationsDing BoEngku Rabiah Adawiah Engku AliBuerhan Saiti0International Islamic University Malaysia The paper assesses the potential and importance of Sukuk issuance in China. The research proposes that Sukuk can be used as an alternative financing instrument to materialise the “One Belt One Road” strategy. Hong Kong as a gateway of China had launched two Sukuks in 2014 and 2015 respectively. This paper analyzes the two sovereign Sukuk issuances out of Hong Kong in the last three years. Meanwhile, by conducting un-structured interviews of the potential issuers and related scholars, it is found that Sukuk issuance in China will face some challenges such as policies and regulations of Sukuk, tax and stamp duty issues, investors' protection, establishing of Shariah Supervisory Committee, etc. However “One Belt One Road” initiative provides the best opportunity for Sukuk to move forward in China. Keywords: Sukuk, Islamic finance, One Belt One Road, Hong Kong, China JEL Classifications: O31, P47, Z33 https://econjournals.com/index.php/irmm/article/view/3348 |
| spellingShingle | Ding Bo Engku Rabiah Adawiah Engku Ali Buerhan Saiti Sukuk Issuance in China: Trends and Positive Expectations International Review of Management and Marketing |
| title | Sukuk Issuance in China: Trends and Positive Expectations |
| title_full | Sukuk Issuance in China: Trends and Positive Expectations |
| title_fullStr | Sukuk Issuance in China: Trends and Positive Expectations |
| title_full_unstemmed | Sukuk Issuance in China: Trends and Positive Expectations |
| title_short | Sukuk Issuance in China: Trends and Positive Expectations |
| title_sort | sukuk issuance in china trends and positive expectations |
| url | https://econjournals.com/index.php/irmm/article/view/3348 |
| work_keys_str_mv | AT dingbo sukukissuanceinchinatrendsandpositiveexpectations AT engkurabiahadawiahengkuali sukukissuanceinchinatrendsandpositiveexpectations AT buerhansaiti sukukissuanceinchinatrendsandpositiveexpectations |