Sukuk - źródło pozyskiwania kapitału na islamskim rynku długu

Czasopismo

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• Autorzy: Blandyna Puszer

Warianty tytułu

Sukuk - the Source of Raising Capital for the Islamic Debt Market

• Języki publikacji: PL

Abstrakty

Celem artykułu jest przedstawienie istoty i funkcjonowania sukuk jako alternatywnego źródła pozyskania kapitału (opartego na aktywach) przede wszystkim przez sektor publiczny (rządowy) oraz przedsiębiorstwa, a także scharakteryzowanie tego rynku w wymiarze globalnym. (fragment tekstu)

EN

Sukuk, an Islamic equivalent of bond, has established itself as one profitable product that holds great potential in the Islamic finance market. Its lucrative returns resulted in the robust growth in demand and supply of different varieties in the capital market. Sukuk are securities that comply with the Islamic law and its investment principles, which prohibits the charging, or paying of interest. All Sukuk returns and cash flows are linked to assets purchased or those generated from an asset. Over the years, the sukuk market has grown from 10 to 15% annually to reach approximately USD 140 billion and contributed to approximately 10% of the global Islamic finance assets in 2012. While sukuk are structured in a similar way to conventional asset-backed securities (ABS) or covered bonds, they can have significantly different underlying structures. Especially, when sukuk have the real asset-backed structure (as opposed to the asset-based structure) they can indeed protect investors once a default event is triggered. Governments remain the most active issuers across the history of the global sukuk market, with Malaysia's government leading. Sovereigns have issued a total of USD 280 milion since 2013. In the last three years, 82% of global sukuk issuance came from governments and quasi government bodies while only 18% were issued by corporates. (original abstract)

Słowa kluczowe

PL

Instrumenty dłużne; Instrumenty finansowe; Sektor publiczny; Sektor prywatny; System finansowy; Islam; Sukuk

EN

Debt instrument; Financial instruments; Public sector; Private sector; Financial system; Islam; Sukuk

• Czasopismo: ---
• Strony: 307--317

Twórcy

autor

Blandyna Puszer

• Uniwersytet Ekonomiczny w Katowicach

Bibliografia

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