文章基本信息

标题：Critical assessment of the Legal Recourse for the Case of Sukuk default for the Asset-Backed Sukuk and Asset-Based Sukuk structures
本地全文：下载
作者：Mohammad Hassan Shakil
期刊名称：European Journal of Islamic Finance
印刷版ISSN：2421-2172
出版年度：2017
期号：7
DOI：10.13135/2421-2172/2066
语种：English
出版社：University of Turin - Italy
摘要：This paper critically assesses and analyze the Islamic certificate of investments (Sukuk) and its two different structures; asset-backed and asset-based. The co-ownership of the recourse of the Sukuk is additionally known as an Underlying asset. The paper will discuss the legal alternatives of the stakeholders in the case of default of Sukuk. It is believed that Sukuk default by the institution cannot occur in its true sense, as they're not debt instruments issued by the issuer. Rather, they represent the possession of the Sukuk holders on the underlying assets; thus, the Sukuk are primarily based on assets. The recourse mechanism of Sukuk default ought to take into consideration to safeguard the interest of the investors.
其他摘要：This paper critically assesses and analyze the Islamic certificate of investments (Sukuk) and its two different structures; asset-backed and asset-based. The co-ownership of the recourse of the Sukuk is additionally known as an Underlying asset. The paper will discuss the legal alternatives of the stakeholders in the case of default of Sukuk. It is believed that Sukuk default by the institution cannot occur in its true sense, as they're not debt instruments issued by the issuer. Rather, they represent the possession of the Sukuk holders on the underlying assets; thus, the Sukuk are primarily based on assets. The recourse mechanism of Sukuk default ought to take into consideration to safeguard the interest of the investors.
关键词：Asset-Backed Sukuk; Asset-Based Sukuk; Legal Recourse; Sukuk default.