Islamic Bonds: Your Guide to Structuring, Issuing and Investing in Sukuk

Sukuk are the peak of innovation in Islamic finance but the full potential of the Sukuk range of securities is far from realised. Find out how the Islamic finance market has and continues to develop to open new investor and issuer universes. This book is essential reading for both those unfamiliar with Islamic finance applications (such as Shari a and Takaful), and includes advanced structures for those involved in structuring sovereign or corporate sukuk issues. The book will ensure you understand the nature of sukuk, how they differ from Western bonds and the development of the sovereign & corporate sukuk market. It also covers how to structure sukuk transactions (eligible assets, investment vehicles, undertakings and credit enhancement). Sovereign sukuk applications including MBS, project finance and B.O.T. are also touched on, alongside applications in leasing finance, hedging and risk transference, banking and liquidity management, real estate and REITs Regulation, and legal and taxation issues.