The Role of Islamic Sukuk “Bonds” in Providing Government Investment Needs (Published)
Islamic and non-Islamic governments have recently expanded significantly towards Islamic Sukuk Bonds as a means of providing financial resources to cover the official government needs. There are strong indicators of expansionary tendencies in the Islamic Issuance Market (IIM), were the IIM has increased significantly, but this requires an integrated legislative framework that compliance with legitimacy (Shariah) rules and regulations specially that there was a large demand for Islamic Sukuk after the global financial crisis, with volumes of issuance of Islamic Sukuk reaching more than US $ 200 billion worldwide.
Keywords: Financial Engineering, Islamic Banks, Islamic Issuance Market (IIM), Islamic Sukuk Bonds, Islamic finance