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 materialize the “One Belt One road (OBOR)” strategy. Hong Kong as a gateway of China had launched two Sukuks in 2014 and 2015 respectiv...

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Main Authors: Bo, Ding, Engku Ali, Engku Rabiah Adawiah, Saiti, Buerhan
Format: Article
Language:English
English
Published: EconJournals 2016
Subjects:
Online Access:http://irep.iium.edu.my/52543/
http://irep.iium.edu.my/52543/1/52543-Sukuk%20issuance%20in%20China-full.pdf
http://irep.iium.edu.my/52543/7/52543_Sukuk%20issuance%20in%20China_Scopus.pdf
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author Bo, Ding
Engku Ali, Engku Rabiah Adawiah
Saiti, Buerhan
author_facet Bo, Ding
Engku Ali, Engku Rabiah Adawiah
Saiti, Buerhan
author_sort Bo, Ding
building IIUM Repository
collection Online Access
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 materialize the “One Belt One road (OBOR)” 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 3 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 “OBOR” initiative provides the best opportunity for Sukuk to move forward in China.
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language English
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publishDate 2016
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spelling iium-525432017-04-13T04:28:38Z http://irep.iium.edu.my/52543/ Sukuk issuance in China: trends and positive expectations Bo, Ding Engku Ali, Engku Rabiah Adawiah Saiti, Buerhan HG4001 Financial management. Business finance. Corporation finance. 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 materialize the “One Belt One road (OBOR)” 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 3 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 “OBOR” initiative provides the best opportunity for Sukuk to move forward in China. EconJournals 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/52543/1/52543-Sukuk%20issuance%20in%20China-full.pdf application/pdf en http://irep.iium.edu.my/52543/7/52543_Sukuk%20issuance%20in%20China_Scopus.pdf Bo, Ding and Engku Ali, Engku Rabiah Adawiah and Saiti, Buerhan (2016) Sukuk issuance in China: trends and positive expectations. International Review of Management and Marketing, 6 (4). pp. 1020-1025. ISSN 2146-4405 http://www.econjournals.com/index.php/irmm/article/view/3348/pdf
spellingShingle HG4001 Financial management. Business finance. Corporation finance.
Bo, Ding
Engku Ali, Engku Rabiah Adawiah
Saiti, Buerhan
Sukuk issuance in China: trends and positive expectations
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
topic HG4001 Financial management. Business finance. Corporation finance.
url http://irep.iium.edu.my/52543/
http://irep.iium.edu.my/52543/
http://irep.iium.edu.my/52543/1/52543-Sukuk%20issuance%20in%20China-full.pdf
http://irep.iium.edu.my/52543/7/52543_Sukuk%20issuance%20in%20China_Scopus.pdf