The Risk Analysis of Ṣukūk: An Empirical Evidence from Pakistan

Q3 Economics, Econometrics and Finance

Journal of King Abdulaziz University, Islamic Economics Pub Date : 2021-01-01 DOI:10.4197/islec.34-1.2

Ejaz Aslam Ejaz Aslam

引用次数: 5

Abstract

Ṣukūk is an innovative financial instrument with a flexible structure based on Sharīʿah, unlike a bond which is based on an interest-based structure. With the notion that ṣukūk contracts are significantly different from ordinary bonds, it is in high demand especially in Muslim countries to overcome liquidity problems. Ṣukūk has a key importance in the financial market, and literature is lacking on how to predict the trend and volatility of ṣukūk in the case of Pakistan, where debt instruments are high in demand.

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Ṣukūk风险分析:来自巴基斯坦的经验证据

Ṣukūk是一种创新的金融工具，与基于利息结构的债券不同，它的结构是灵活的。由于ṣukūk合约与普通债券有很大不同，特别是在穆斯林国家，它的需求很高，以克服流动性问题。Ṣukūk在金融市场中具有关键的重要性，在巴基斯坦的情况下，缺乏关于如何预测ṣukūk的趋势和波动性的文献，其中债务工具的需求很高。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of King Abdulaziz University, Islamic Economics Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.60

自引率

0.00%

发文量

期刊介绍： The aims and scope of the journal include: -To develop the emerging paradigm of Islamic economics on scientific lines through publishing original works in this field that pass its peer review process. -To promote dialogue and discussion on current issues in the fields of Islamic economics and finance among the international community of scholars. -To encourage empirical research on Islamic finance, takaful, zakah, awqaf and other Islamic institutions including case studies from Muslim economies. -Contemporary global economic issues viewed from an Islamic perspective. To publish book reviews of important works published in the field, including books in conventional economics, business and finance having some connection with Islamic economics and/or finance.