Islamic Bond Issuance: What Sovereign Debt Managers Need to Know
July 1, 2008
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Order a Print CopyDisclaimer: 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.
Subject: Bonds, Capital markets, Islamic banking, Islamic finance, Securities
Keywords: asset, capital market, certificate, investor, issuer, PDP
Pages:
22
Volume:
2008
DOI:
Issue:
003
Series:
Policy Discussion Paper No. 2008/003
Stock No:
PPIEA2008003
ISBN:
9781451946024
ISSN:
1564-5193
