ABSTRACT

Chapter 12: Over the last decade, the relatively young Islamic debt securities markets (Sukuk) have expanded to more than $1 trillion and are still developing and expanding at a rate of around 20% every year. This chapter arguably serves as a one-of-a-kind reference tool for critical concerns regarding Sukuk markets, which could be possibly found in major financial hubs such as Kuala Lumpur, London and Zurich. In this chapter, the distinctions between Sukuk and traditional bonds are clearly defined subjecting to the form, design and use of proceeds. The ultimate purpose is to support activities which are genuine and eventually facilitate in the development of the economy.