Study of the Issuing “ISTISNA' Sukuk” in the Stock Market
Along with other transitional developments Iranian capital market is also expected to expand and diversify in the course of country’s 20 year perspective development plan. Securities and exchange council has recently authorized several financial instruments in order to meet the needs of the market f...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2012-09-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_2791_d6daa8ee2363bd08fd71bdb5e963c669.pdf |
| Summary: | Along with other transitional developments Iranian capital market is also expected to expand and diversify in the course of country’s 20 year perspective development plan. Securities and exchange council has recently authorized several financial instruments in order to meet the needs of the market for financing various economic projects. One of these instruments is the “ISTISNA' Sukuk”. This paper introduces this new financial instruments and gives a clear description of it, and its various forms such as “debt purchase Sukuk”, “lease to own Sukuk”, and “mortgage based Sukuk”. Finally various features of the proposed sukuk are compared and analysed. |
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| ISSN: | 1726-0728 2476-6445 |