Sukuk
The Islamic debt market has experienced a strong growth not only in the Gulf countries but also in Asia with Malesia at its center and in some Western countries. States, semi-governmental entities, quasi-sovereign entities, banks and industries are looking attentively to the growing appetite for Sharia-compliant debt products
Report on Sukuk
IIFM, "Sukuk Report. A Comprehensive Study of the Global Sukuk Market", April 2010
IIFM_Sukuk_Report_2.pdf.pdf 8.13 MB
Islamic capital flow within OIC markets
DinarStandard & IIRA, "Pulse of the OIC Islamic Capital Markets 2010", July 2010
Rankings of Islamic debt issues
Bloomberg, "1st half 2010 Islamic capital markets league tables", 2010
Islamic League Tables.pdf 256.89 kB
Legislative and regulatory developments
Moody's Investors Service, "Global Sukuk Issuance Poised for Boost from New Legislative and Regulatory Initiatives", April 6, 2010
SC-YIR-April2010.pdf 762.78 kB
Report on Sukuk
IIFM, "Sukuk Report. A comprehensive study of the International Sukuk market", Jan 2010
Deals of the Year 2009
Islamic Finance News, "Deals of the Year 2009"
Deals of the Year 2009.pdf 62.17 kB
Comprehensive guide on Sukuk
Dubai International Financial Centre, "Sukuk Guidebook", December 2009
Sukuk structures.pdf 3.65 MB
An investigation for measuring the potential market for a European sukuk issue
Said Business School and BLME, "European Sukuk Issue A Survey Into Characteristics And Potential Demand", dicembre 2009
Sukuk Executive Summary.pdf 745.29 kB
Report on the state of the Sukuk industry
Zawya, "Collaborative Sukuk Report", December 2009
Sukuk report.pdf 1.60 MB
Scenarios for the Sukuk market
Tan Wan Yean, "Sukuk Issues and the Way Forward", Anad & Noraini, October 2009
Feedback on the responses to the consultation on the legislative framework for Sukuk
HM Treasury-FSA, "Legislative framework for the regulation of alternative finance investment bonds (sukuk):summary of responses", October 2009
Treasury&FSA- Consultation.pdf 807.12 kB
Sukuk Listing in Luxembourg
Serene Shtayyeh - Wim Piot, "Sukuk Listing on the Luxembourg Stock Exchange", PWC, September 2009
Sukuk Listing - Luxembourg.pdf 426.02 kB
Considerations on the latest developments in the Sukuk market
Abradat Kamalpour, "Islamic bonds: from the Ijara Sukuk to the Sukuk Master Platform: innovations and directions", Securities and structured finance group - Ashurst, August 2009
Sukuk in the Kingdom of Saudi Arabia
Haitham al-Fayez, "The Saudi Sukuk Market", JADWA Investment, August 2009
Concise but meaningful analysis on the current situation of the market for Sukuk in the Kingdom of Saudi Arabia
Reference analysis on the Shariah-compliance of Sukuk
Khalid Howladar, "The future of Sukuk: substance over form?", May 2009
The future of Sukuk.pdf 132.87 kB
Assessments on the state of the market
Faisal Hijazi, "Global Sukuk Issuance: 2008 Slowdown Mainly Due to Credit Crisis, But Some Impact from Shari’ah Compliance Issues", Moody's, January 2009
Global Sukuk issuance 2008.pdf 153.15 kB
Scenarios for a UK sovereign Sukuk issuance
HM Treasury FSA, "Consultation on the legislative framework for the regulation of alternative finance investment bonds (sukuk)", December 2008
Consultation Sukuk FSA.pdf 443.73 kB
![Alberto Brugnoni, "Shariah governance at work: from asset-based to asset-back Sukuk", November 2008 - Article on the evolution of Sukuk structures and on the Islamic governance](http://www.assaif.org/var/ezwebin_site/storage/images/comunicazione/press-clips/shariah-governance-at-work-from-asset-based-to-asset-back-sukuk/11158-10-eng-GB/Alberto-Brugnoni,-"Shariah-governance-at-work-from-asset-based-to-asset-back-Sukuk",-November-2008-Article-on-the-evolution-of-Sukuk-structures-and-on-the-Islamic-governance_medium.jpg)
Alberto Brugnoni, "Shariah governance at work: from asset-based to asset-back Sukuk", November 2008 - Article on the evolution of Sukuk structures and on the Islamic governance
In November 2007 a renowned Shariah scholar issued a statement on the illegitimacy of those outstanding Sukuk issues underpinned by repurchase agreements (the so called Purchase Undertaking Deed) and where, as a consequence, risk and reward are not shared according to the actual venture proceeds. He vowed that it was time to review standards ...
Scenarios on Sukuk's development in the GCC countries
Khalid Howladar, "Securitisation in the Middle East: Exploring The Untapped Potential of the Region", Moody's, November 2008
MDYs MENA Securitisation.pdf 259.25 kB
An update of the Sukuk market
Mohamed Damak and Emmanuel Volland, "Sukuk Market Continues To Grow Despite Gloomy Global Market Conditions", S&P, September, 2008
S&P Sukuk Report.pdf 454.02 kB
The IMF on Current Issues in the Sukuk Market
Andreas Jobst, Peter Kunzel, Paul Mills, Amadou Sy, "Islamic Bond Issuance - What Sovereign Debt Managers Need to Know", IMF, July 2008
IMF on Sukuk.pdf 544.34 kB
Islamic Structured Finance
"Tranching of Risk and Shariah", BSEC, June 2008
Capital markets and Sukuk
A. Brugnoni, "Tapping the capital markets the Islamic way:the Sukuk phenomenon", Islamic Finance Integration into the financial mainstream, Geneva, 28-29 May 2008
An assessment of the Sukuk market
Mohamed Damak and Emmanuel Volland, "The Sukuk Market Continues To Soar And Diversify, Held Aloft By Huge Financing Needs", S&P, March 2008
S&P Sukuk Report.pdf 495.11 kB
Sukuk in the GCC
AAVV, "Sukuk in the GCC", Global Investment House, January 2008
Sukuk in the GCC.pdf 424.92 kB
Sukuk and Project Finance
K. Nassif, "Project Finance Sukuk", S&P, November 2007
Project Finance Sukuk.pdf 491.85 kB
Commentary on the Moody's primer
Khalid Howladar, "Shari'ah, Sukuk and Credit Risk: A Moody's Primer", August 2007
Rating Sukuk notes
P. Coughlin, "Standard & Poor’s Approaches To Islamic Finance", S&P, Dubai, April 2007
Rating Sukuk notes.pdf 782.39 kB
The Sukuk market: a perspective
A. Brugnoni, "Islamic Financial Services and the Sukuk market: a perspective", BLOOMBERG, London, 19 April 2007
SABIC: a case study
H. Kamal and S. Al Sudairy, "SABIC Sukuk: The Debut Sukuk in Saudi Arabia", HSBC Amanah, 2006
SABIC Sukuk.pdf 100.11 kB
Sukuk: Principles and Structures
AAVV, "Sukuk: An Introduction to the Underlying Principles and Structure", Dar al-Istithmar, 2006
Sukuk Structures.pdf 229.98 kB
Trends and prospects
R. Haneef, "Present Trends & Future Prospects of Sukuk", Citigroup Asia, September 2006
Trends & Prospects.pdf 409.45 kB
Sukuk and Sharia issues
Khalid Howladar, "Shari’ah and Sukuk: A Moody’s Primer", Moody's, May 2006
MDYs SukukShariah.pdf 121.82 kB
Innovation in Sukuk
Rodney Wilson, "Innovation in the structuring of Islamic Sukuk securities", Durham University, February 2006
Rating Sukuk
K. Richard, "Two Aspects Of Rating Sukuk: Sharia Compliance And Transaction Security", S&P, January 2006
Rating sukuk.pdf 328.35 kB
Sukuk and Aircraft
Robert Fugard, "Islamic Aircraft Financing Structures", September 2005
Airlines Sukuk.ppt 163.00 kB
Sukuk Risks
Ali Arsalan Tariq, "Managing Financial Risks of Sukuk Structures", Loughborough University, September 2004
Sukuk risks.pdf 784.16 kB