Debts And Debt-based Sukuk Related To Risk Shifting Behavior

Siti Raihana Hamzah

doi:doi.org/10.5281/zenodo.1111667

Publication:
Debts And Debt-based Sukuk Related To Risk Shifting Behavior

dc.contributor.author	Siti Raihana Hamzah	en_US
dc.date.accessioned	2024-05-28T05:50:52Z
dc.date.available	2024-05-28T05:50:52Z
dc.date.issued	2016
dc.description	Volume:10 No:2,	en_US
dc.description.abstract	This paper elaborates risk shifting in debt financing system as the ultimate cause of the global financial crisis. In contrast, risk sharing in equity financing like sukuk helps the economic system to be better sustained. Nevertheless, some types of sukuk are haunted by the issue of imitation with bonds. The critics on the imitation issue not only have raised doubt on the ability of sukuk to diminish risk shifting behavior but also the ability of this Islamic financial instrument to ensure better future financial stability. Through that, this paper provides discussion on the possibility of sukuk to induce risk shifting and how equity financing may help sukuk to be free from risk shifting. This paper is important in the sense that sukuk receives a significant demand from investors throughout the world. For this instrument to be supportive in the future economic stability, the issue of imitation needs to be identified and addressed. Furthermore, critics cannot be focused on debts and its ability to gauge the financial flux but also to sukuk due to their structures similarity.	en_US
dc.identifier.doi	doi.org/10.5281/zenodo.1111667
dc.identifier.epage	561
dc.identifier.issn	1307-6892
dc.identifier.issue	2
dc.identifier.spage	558
dc.identifier.uri	https://publications.waset.org/10003712/debts-and-debt-based-sukuk-related-to-risk-shifting-behavior
dc.identifier.uri	https://oarep.usim.edu.my/handle/123456789/6662
dc.identifier.volume	10
dc.language.iso	en_US	en_US
dc.publisher	World Academy of Science, Engineering and Technology	en_US
dc.relation.ispartof	International Journal of Economics and Management Engineering	en_US
dc.subject	Global financial crisis, debt, risk-shifting, risk sharing, equity, sukuk, bonds	en_US
dc.title	Debts And Debt-based Sukuk Related To Risk Shifting Behavior	en_US
dc.type	Article	en_US
dspace.entity.type	Publication