Publication:
Islamic Depositary Receipts (IDRs) As A Panacea

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dc.contributor.authorIbrahim N.en_US
dc.contributor.authorBacha O.I.en_US
dc.date.accessioned2024-05-29T02:02:23Z
dc.date.available2024-05-29T02:02:23Z
dc.date.issued2020-07
dc.descriptionGJAT July 2020 Vol.10, Issue 1 pg 27-33en_US
dc.description.abstractMany Organization of the Islamic Cooperation (OIC) stock markets are still in their early stage of development. In this stage, several conditions such as weak legal system and regulations, a limited supply of institutional investors, lack of transparency and accountability are key hurdles. Several approaches have been taken to enhance the capacity and integration of stock markets to promote intra-investment among the OIC countries by Islamic Development Bank (IDB) and International Organization of Securities Commissions (IOSCO). They indicated an urgent need to intensify the Islamic product issuance onto the various international financial exchanges, especially the introduction of Islamic global depositary receipts (ID Rs) to create liquidity in the Islamic capital market. Thus, this study is to examine the current depositary receipts in the OIC countries, the need to have IDRs, possible challenges and recommendation in implementing IDRs. The study recommends that the OIC countries with surplus capital will assist those OIC countries with capital shortage. Consequently by having IDRs, there is less reliance on the Western exchanges and disintermediation of the middle man and more value creation amongst the OIC member states ' stock exchanges. � Kolej University Islam Sultan Azlan Shah.en_US
dc.identifier.epage33
dc.identifier.issn22320474
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85090036431
dc.identifier.spage27
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85090036431&partnerID=40&md5=7deb68313467391cd2d6782a22e06c04
dc.identifier.uriwww.gjat.my
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10212
dc.identifier.volume10
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherKolej University Islam Sultan Azlan Shahen_US
dc.relation.ispartofJurnal Teknologien_US
dc.sourceScopus
dc.subjectCross listingen_US
dc.subjectIslamic depositary receipts (IDRs)en_US
dc.subjectIslamic financeen_US
dc.subjectOIC countriesen_US
dc.titleIslamic Depositary Receipts (IDRs) As A Panaceaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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