Global Sukuk and Islamic Securitization Market: Financial Engineering and Product Innovation

The Suk k market is the fastest growing segment of international finance. The study explores the dimension of this market, its growth globally and the main Suk k markets. The liquidity in this market, the main currency denomination, the subscription diversification, the subprime crisis effects and the dominant structures are elaborated. The difference between sovereign and corporate Suk k, the benefits and reasons behind Suk k issuance as well as the Shar ah basis are analysed. Securitisation as the best way forward for Suk k structuring is scrutinized. The study also discusses the various legal, Shar ah, financial and operational risks facing Suk k as well as the default controversies. Finally the book examines the methodologies in rating uk k and highlights the issues of Suk k listing, Suk k index and Suk k fund.