Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk
The continuing innovations in Islamic finance has positively elevated the Islamic finance industry,especially for Sukuk or Islamic securities. Sukuk market is experiencing the most significant growth in relation to the other components of Islamic finance. There are numerous innovations in developin...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/35465/ http://irep.iium.edu.my/35465/1/AICEF_Paper-ADIB_Perpetual_Sukuk.pdf |
| _version_ | 1848781058996174848 |
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| author | Hasan, Aznan Abu Samah, Zariah Mohamed, Siti Hasmah Zein Isma, Syaza Nawwarah |
| author_facet | Hasan, Aznan Abu Samah, Zariah Mohamed, Siti Hasmah Zein Isma, Syaza Nawwarah |
| author_sort | Hasan, Aznan |
| building | IIUM Repository |
| collection | Online Access |
| description | The continuing innovations in Islamic finance has positively elevated the Islamic finance industry,especially for Sukuk or Islamic securities. Sukuk market is experiencing the most significant growth in relation to the other components of Islamic finance. There are numerous innovations in developing Sukuk structure, which has made it a popular financial instrument for raising capital/funding requirement via issuance of corporate Sukuk attached with attractive features and benefits for investors. In 2012, Abu Dhabi Investment Bank (ADIB) had successfully issued the world’s first Tier 1 perpetual Sukuk. The huge success recorded had lead to other similar perpetual Sukuk structure issued by Dubai Islamic Bank in 2013. The simplicity of the Sukuk structure coupled with transparent and favourable features attached to ADIB Sukuk are among the successful contributing factors.This paper will analyses and discuss the structure, salient features and operational mechanism of its “perpetual characteristic”. Being the first of its kind, this paper will also shades some light on potential Shariah issues for deliberation and consideration for future structuring of perpetual Sukuk |
| first_indexed | 2025-11-14T15:43:32Z |
| format | Proceeding Paper |
| id | iium-35465 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:43:32Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-354652021-07-13T01:06:57Z http://irep.iium.edu.my/35465/ Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk Hasan, Aznan Abu Samah, Zariah Mohamed, Siti Hasmah Zein Isma, Syaza Nawwarah HG3368 Islamic Banking and Finance HG4501 Stocks, investment, speculation The continuing innovations in Islamic finance has positively elevated the Islamic finance industry,especially for Sukuk or Islamic securities. Sukuk market is experiencing the most significant growth in relation to the other components of Islamic finance. There are numerous innovations in developing Sukuk structure, which has made it a popular financial instrument for raising capital/funding requirement via issuance of corporate Sukuk attached with attractive features and benefits for investors. In 2012, Abu Dhabi Investment Bank (ADIB) had successfully issued the world’s first Tier 1 perpetual Sukuk. The huge success recorded had lead to other similar perpetual Sukuk structure issued by Dubai Islamic Bank in 2013. The simplicity of the Sukuk structure coupled with transparent and favourable features attached to ADIB Sukuk are among the successful contributing factors.This paper will analyses and discuss the structure, salient features and operational mechanism of its “perpetual characteristic”. Being the first of its kind, this paper will also shades some light on potential Shariah issues for deliberation and consideration for future structuring of perpetual Sukuk 2013-11-07 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/35465/1/AICEF_Paper-ADIB_Perpetual_Sukuk.pdf Hasan, Aznan and Abu Samah, Zariah and Mohamed, Siti Hasmah and Zein Isma, Syaza Nawwarah (2013) Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk. In: 1st ASEAN International Conference on Islamic Finance, 6 November - 07 November 2013, Institute of Islamic Banking and Finance (IIiBF). (Unpublished) |
| spellingShingle | HG3368 Islamic Banking and Finance HG4501 Stocks, investment, speculation Hasan, Aznan Abu Samah, Zariah Mohamed, Siti Hasmah Zein Isma, Syaza Nawwarah Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk |
| title | Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk |
| title_full | Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk |
| title_fullStr | Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk |
| title_full_unstemmed | Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk |
| title_short | Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk |
| title_sort | innovation in sukuk market: the case of abu dhabi perpetual sukuk |
| topic | HG3368 Islamic Banking and Finance HG4501 Stocks, investment, speculation |
| url | http://irep.iium.edu.my/35465/ http://irep.iium.edu.my/35465/1/AICEF_Paper-ADIB_Perpetual_Sukuk.pdf |