How risky sukuk are: comparative analysis of risks associated with sukuk and conventional bonds
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Date
2010-05
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Publisher
The British University in Dubai (BUiD)
Abstract
Recent issues of Islamic bonds were “welcomed” with broad criticism, both by Islamic scholars and conventional investors. Presented paper attempts to analyze sukuk-associated risks and problems, and review their competitiveness in the capital market. In doing so, it compares sukuk with its conventional counterparts and conducts empirical analysis of the Value-at-Risk of both instruments in order to present potential sukuk investors with complete picture.
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Keywords
sukuk, bonds, Islamic bonds