Sukuk (Islamic Bond): A Crucial Financial Instrument for Securitisation of Debt for the Debt-holders in Shari’ah-compliant Capital Market

  •  Mohd Nasir bin Mohd Yatim    


This applied study is aimed at guiding practitioners and offering an insight to academicians, investors and interested parties in understanding the manner in which an Islamic bond be created. As such, all terms in respect of shari’ah-compliant were thoroughly observed and analysed in the stages of creation of such sukuk. As such, documentations and transactions involve in the dealings of this instrument are thoroughly explored. The simple model of sukuk in this study contributed in term of an innovation that offer an insight to the practitioners, academicians, investors and the interested parties of this shari’ah-compliant capital market instrument to facilitate the process of securitisation for the debt holders.
Qualitative method of research and descriptive approach to research method are employed in this study as they are appropriate in looking into the research issue understudied. [Mohd Nasir bin Mohd Yatim, 2009]  Capitalising on the explored and examined instrument shall then become the basis in innovating more sophisticated models by future research efforts for multiplicity of instruments to be made available in the shari’ah-compliant capital market.

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