Journal of Islamic Accounting and Business Research: Volume 8 Issue 4

Guest editorial

Mohamed Sherif

Sukuk and conventional bonds: shareholder wealth perspective

Mohamed Sherif, Cennet Tuba Erkol

This study aims to comprehensively examine the stock market effects of announcements by firms to issue conventional bonds versus Sukuk. In addition, the authors investigate…

Analysis of value at risk of Sukuk and conventional bonds in Pakistan

Adeel Nasir, Umar Farooq

The purpose of this paper is to provide empirical evidence that Sukuk are different from conventional bonds from risk perspective. This study is about the comparative risk…

Understanding and evaluation of risk in Sukuk structures

Mohammed Waleed Alswaidan, Arief Daynes, Paraskevas Pasgas

This paper aims to reviews Sukuk risk classification schemes based on extending and adapting the risk classification schemes of conventional finance. It is then argued that risk…

Pricing of Sukuk Musharakah with joint venture as underlying, beyond the use of PLS ratio

Rida Ahroum, Boujemaa Achchab

Participatory contracts reflect the true spirit of Islamic finance. However, these contracts face several challenges during their implementation. This is reflected by the low…

Uniform framework for Sukuk al-Ijarah – a proposed model for all madhahib

Abdul Rafay, Ramla Sadiq, Mobeen Ajmal

This paper aims to discuss the urgent need to develop a sound and robust universal framework that would prove helpful in creating uniform acceptability of Islamic financial…

An esham-ijara structure in the United States?

Daniel Hummel, Blake Goud

The purpose of this paper is to explore Islamic borrowing at the local level in redevelopment authorities in the USA through an ijara and esham framework.