The crystallization of the Islamic capital markets (ICM) in the last decade has led to increased acceptance of Islamic financial products in the global market. However, a fundamental question that lies at the intersection of law and ICM that has a far-reaching impact on market practices is the...

The Sukuk market has proven its usefulness as a significant source of capital for the public and private sector entities. As a result, the Sukuk market has gained great popularity both in the Islamic and the non-Islamic countries. The Sukuk market has a flexible nature in product structuring and...

An exploration of the raison d'être of Islamic Finance and the justification afforded to demonstrate its validity. Additionally the paper delves into the phenomenon that is Sukuk and examines its modus operandi from a Shariah compliance standpoint

After introducing some fundamental concepts of relevance to Islamic finance, this article describes investment funds used to make investments in the United States, lease (ijara) investment structures used for real estate investments in different jurisdictions (including the early development of...