One of the topics that I hardly write about are Sukuk (islamic Bonds). Unfortunately, I am not greatly involved in many Sukuk deals, either by design or exposure. In my line of work, I get to see the legal documents, but somewhat uninvolved when it comes to actual structuring. There are many, many experts in the field so I will not even attempt to pretend what they do is easy.
But I did come across this interesting presentation on the types of Sukuk. A presentation I saw on Linkedin by Camille Paldi on the Types of Sukuk provides an excellent introduction to the subject. With her permission, I attached herewith the presentation on Sukuk in pdf for your easy download.
Click here to read Types of Sukuk (PDF format)
Also, I notice Camille Paldi writes (via her presentation slides) a massive amount of literature on Islamic Banking, which is a trove of information for someone who seeks it. Do have a read on her other presentations as well.
Found this on the internet. A good overview of the Sukuk market.
OVERVIEW OF THE SUKUK MARKET, FORECAST STUDY IN 2015 Redha Al Ansari Senior Islamic Capital Markets Specialist Thomson Reuters.
Source: ⚡Presentation ‘OVERVIEW OF THE SUKUK MARKET, FORECAST STUDY IN 2015 Redha Al Ansari Senior Islamic Capital Markets Specialist Thomson Reuters.’
The Islamic Banking fraternity was shaken by the view of the prominent Shariah scholar, Sheikh Muhammad Taqi Usmani, that up to 85% of the Sukuks issued up to now may not have been fully Shariah-compliant.
This has forced scholars and practitioners to go back to the drawing board and re-look at their existing Sukuk structures, and the Accounting and Auditing Organisation of Islamic Financial Institutions (AAOIFI) quickly issued guidelines on Sukuk to ease the market worries. Depsite this, the debate is still on-going on how “Islamic” are the current structures of Sukuks and what can be done to mitigate or improve this.
Of course, the Ijarah-based structure of Sukuks remains viable as a Shariah-compliant structure, based on the prominent scholar’s view. Read more below on these issues:
(Help me add more to this by providing links and articles. Thanks)