A comparative analysis of risk-return characteristics between Sukuk (Islamic bonds) and conventional bonds.

Sukuk are an important mode of financing in the Islamic financial system. As usury (interest) is prohibited in Islam, conventional bonds are not suitable for investors in Islamic countries. Since their launch in the 1980s, Sukuk have gained recognition and popularity as a substitute for conventional bonds. However, their unique features mean that Sukuk are not always clearly understood. The aim of this study is to analyse the differences and similarities between Sukuk and conventional bonds in terms of their risk and return characteristics.

Name dc:type.qualificationname

PhD

Level dc:type.qualificationlevel

Doctoral

Grantor dc:publisher.institution

Robert Gordon University

Year dc:date.issued

2016

Author dc:creator

• Shalhoob, Hebah Shafeq

Advisor dc:contributor.advisor

• Farooq Ahmad and Ahmed Beloucif

• Islamic finance
• Islamic bonds
• Sukuk
• Conventional bonds
• Value at risk
• OLS regression
• Risk and return

Language dc:language

en

Identifier

oai:rgu-repository.worktribe.com:248846

OAI identifier oai:identifier

oai:rgu-repository.worktribe.com:248846