This collection of essays brings together leading scholars
and practitioners to discuss contemporary issues in the rapidly-expanding sukuk market,
and debates the challenges facing it since the 2008 financial crisis and a
number of high profile sukuk defaults. It
looks in particular at issues of Shari‘ah compliance, the issue of replication
in Islamic finance, the need to have a true sale in the asset securitisation
process, and the issue of sukuk defaults. It is highly
recommended for practitioners, scholars and students of Islamic finance.
The contributors are Abdul Karim Abdullah, Mohammed Imad
Ali, Muhammad Al-Bashir Muhammad Al-Amineo, Rafe Haneef, Mohammad Hashim
Kamali, Nermin Klopic, Raja Teh Maimunah, Faizal Ahmad Manjoo, Abbas Mirakhor,
Sirajulhaq Hilal Yasini, and Sheila Ainon Yussof.