Click for new scientific resources and news about Corona[COVID-19]

Paper Information

Journal:   ISLAMIC FINANCE RESEARCHES   FALL 2017-WINTER 2018 , Volume 7 , Number 1 (13) ; Page(s) 91 To 126.
 
Paper: 

GUARANTEE FUND; A NEW APPROACH TO THE DEVELOPMENT OF THE ISLAMIC SECURITIES MARKET

 
 
Author(s):  TOHIDI MOHAMMAD*
 
* IMAM SADIQ UNIVERSITY
 
Abstract: 

Issuing sukuk is an important step in developing Islamic capital market in Iran.
Since the start of issuing sukuk, different types of sukuk including musharakah, ijarah, murabaha, parallel salaf, and istisna have been issued. A comparison of statistics and data related to issuing sukuk in Iran and other Islamic countries shows that the volume of sukuk in Iran is much smaller than that in other Islamic countries. We need, therefore, to identify the problems and challenges of sukuk market in Iran and present operational solutions to develop this market. The pathological study of the Islamic sukuk has shown that one of the serious challenges in its development is related to guarantee principle and return of issued sukuk.
In this research, we present an initiative solution for guaranteeing Islamic sukuk which can help opening the door for small and medium entrepreneurships and corporations with different levels of credit risk to enter the Islamic sukuk market resulting in its expansion and persistence. Sukuk guarantee fund is a mechanism based on mutual participation of fund members who are originators of issuing sukuk. In this research, we try to identify and analyze important components in designing sukuk guarantee fund, so we discuss components like managerial and ownership structure, mobilization of resources, investment strategies, and default risk coverage through sukuk guarantee fund.

 
Keyword(s): ISLAMIC SECURITIES (SUKUK), GUARANTEE FUND, TAKAFUL, INVESTMENT FUND
 
 
References: 
  • ندارد
  •  
 
Click to Cite.
APA: Copy

TOHIDI, M. (2018). GUARANTEE FUND; A NEW APPROACH TO THE DEVELOPMENT OF THE ISLAMIC SECURITIES MARKET. ISLAMIC FINANCE RESEARCHES, 7(1 (13) ), 91-126. https://www.sid.ir/en/journal/ViewPaper.aspx?id=569750



Vancouver: Copy

TOHIDI MOHAMMAD. GUARANTEE FUND; A NEW APPROACH TO THE DEVELOPMENT OF THE ISLAMIC SECURITIES MARKET. ISLAMIC FINANCE RESEARCHES. 2018 [cited 2021May11];7(1 (13) ):91-126. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=569750



IEEE: Copy

TOHIDI, M., 2018. GUARANTEE FUND; A NEW APPROACH TO THE DEVELOPMENT OF THE ISLAMIC SECURITIES MARKET. ISLAMIC FINANCE RESEARCHES, [online] 7(1 (13) ), pp.91-126. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=569750.



 
 
Yearly Visit 54 Persian Abstract
 
Latest on Blog
Enter SID Blog