SUKUK IN ISLAMIC FINANCE: A COMPARATIVE STUDY BETWEEN S&P MENA SUKUK AND S&P MENA BOND INDEX

Daoudi Jawad, Hamza Faris

Abstract


The Sharia-compliant financial market is relatively new, many studies have focused on the difference between Islamic and classic financial products, the aim of our paper is to study the difference between Sukuks and conventional bonds. To do so, we will proceed to modeling closing prices of booth Sukuks and conventional bonds, the obtained results show that Sukuk has volatility less than the conventional bonds. Also, the asymmetric model used shows that the Sukuk index has more asymmetry impact than the bond index.

 

JEL: C58, O16, D53

 

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Keywords


aggressive financing strategy, conservative financing strategy, financing decision, matching principle, working capital requirements

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References


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DOI: http://dx.doi.org/10.46827/ejefr.v0i0.704

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