Pragmatic And Idealist Approaches To Sukuk Structures

The article discusses the historical development of sukuk (Islamic securities) and the approach towards the prohibition of riba (in short: interest). The authors assess what different approaches can be taken towards the prohibition of riba and illustrate how the industry has been moving from idealist approaches towards more pragmatic approaches by describing several sukuk structures. The authors also discuss the way forward.

To read the article click here. This article is available in English only.

Authors: ​Omar Salah and Professor Abdullah Saeed (Sultan of Oman Professor at the University of Melbourne).

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