Publication:
Sukuk: Global issues and challenges

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dc.citedby2
dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.affiliationsNagoya University
dc.contributor.authorHanefah M.M.en_US
dc.contributor.authorNoguchi A.en_US
dc.contributor.authorMuda M.en_US
dc.date.accessioned2024-05-28T08:26:55Z
dc.date.available2024-05-28T08:26:55Z
dc.date.issued2013
dc.description.abstractThe purpose of this paper is to describe the differences between Sukuk and conventional bonds and discuss issues concerning accounting, recognition, measurement and disclosures in the financial statements. Currently most of the Sukuk issuers are Islamic financial institutions, but others including Singapore and the European countries are also joining the band-wagon to capture the capital-flows from the Middle Eastern countries. A number of issues are discussed in this paper; among them include recognition, measurement and disclosure of Sukuk according to two different international accounting standards. The possibility of harmonization of between IFRS for financial instruments and AAOIFI standard on investment is also discussed. The comparative analysis shows that there are not major differences between IFRS and AAOIFI standards as per recognition, measurement and disclosures of Sukuk, and therefore IFRS can be adopted by issuers worldwide for international comparability of financial statements. Global challenges and opportunities facing Sukuk are also discussed in this paper along with some recommendations on how to overcome them.
dc.description.natureFinalen_US
dc.identifier.epage120
dc.identifier.issn15440036
dc.identifier.issue1
dc.identifier.scopus2-s2.0-84891129565
dc.identifier.spage107
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84891129565&partnerID=40&md5=23e9193b5ec34112dea4c041d73dd2ba
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/8765
dc.identifier.volume16
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherAllied Academiesen_US
dc.relation.ispartofJournal of Legal, Ethical and Regulatory Issues
dc.sourceScopus
dc.titleSukuk: Global issues and challengesen_US
dc.typeArticleen_US
dspace.entity.typePublication

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