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The Application of True Sale Contract In Asset-Backed Sukuk

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dc.contributor.authorMohamad Zaharuddin Zakariaen_US
dc.contributor.authorAhmad Zaki Sallehen_US
dc.contributor.authorSuraiya Osmanen_US
dc.contributor.authorMushaddad Hasbullahen_US
dc.contributor.authorMohd Faisal Mohameden_US
dc.date.accessioned2024-05-30T02:15:56Z
dc.date.available2024-05-30T02:15:56Z
dc.date.issued2018
dc.description.abstractThis article discusses the concept of true sale and its application in sukuk issuance whereby the existence of this concept is vital to ensure the permissibility of sukuk issuance especially for asset-backed sukuk. �The purpose of this study is to differentiate the application of true sale contract in asset-based and asset-backed sukuk and to examine whether the concept of true sale involved therein is similar to the Shariah concept of sale. Thus the sukuk underlying contracts are analyzed in order to understand the concept and the practice of both asset-based and asset-backed sukuk. Finally, the study found that the true sale contract is really practiced in asset-backed sukuk but not in asset-based sukuk which make the previous comply with the shariah concept of sale whereby the later although did not apply the true sale contract but still the sukuk is comply with shariah rules.
dc.identifier.epage39
dc.identifier.issn2590-4396
dc.identifier.issue1
dc.identifier.spage29
dc.identifier.urihttp://mjsl.usim.edu.my/index.php/jurnalmjsl/article/view/97
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/15756
dc.identifier.volume6
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofMalaysian Journal of Syariah and Law
dc.sourceOpen Journal Systems
dc.subjectTrue saleen_US
dc.subjectasset-based sukuken_US
dc.subjectasset-backed sukuken_US
dc.subjectshariahen_US
dc.titleThe Application of True Sale Contract In Asset-Backed Sukuken_US
dc.typeArticleen_US
dspace.entity.typePublication

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