Islamic Bond Issuance: What Sovereign Debt Managers Need to Know

Author/Editor:

Amadou N Sy ; Peter J Kunzel ; Paul S. Mills ; Andreas Jobst

Publication Date:

July 1, 2008

Electronic Access:

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Disclaimer: This Policy Dicussion Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Recent years have witnessed a surge in the issuance of Islamic capital market securities (sukuk) by corporates and public sector entities amid growing demand for alternative investments. As the sukuk market continues to develop, new challenges and opportunities for sovereign debt managers and capital market development arise. This paper reviews the key developments in the sukuk market and informs the debate about challenges and opportunities going forward.

Series:

Policy Discussion Paper No. 2008/003

Subject:

Bonds Capital markets Islamic banking Islamic finance Securities

English

Publication Date:

July 1, 2008

ISBN/ISSN:

9781451946024/1564-5193

Stock No:

PPIEA2008003

Pages:

22

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