The law of sukuk : Shariʿa compliant securities

Author(s)

    • Morrison, Scott

Bibliographic Information

The law of sukuk : Shariʿa compliant securities

Scott Morrison

Sweet & Maxwell, 2017

Other Title

The law of sukuk : Sharia compliant securities

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Note

Includes bibliographical references (p. 477-506) and index

Description and Table of Contents

Description

This book is the first authoritative guide to Sukuk, or shari'a-compliant securities. The book offers clear guidance for legal and finance professionals on the sale, purchase, origination and issuance of sukuk, including standard form documents and financial services contracts. Offers guidance to solicitors, barristers and legal and finance professionals on the sale, purchase, origination and issuance of sukuk, the Islamic equivalent of bonds Gives an account of how to run Islamic finance transactions, including standard form documents and shari'a-compliant financial services contracts Explains the meaning of sukuk, both modern and pre-modern, and compares bonds and sukuk Provides an up-to-date treatment of the legal, regulatory, and policy issues pertinent to shari'a-compliant securities specifically in the UK and the utility of passporting to the European Economic Area Explains English case law and statute on banking and company law as pertinent to the principles and practices of Islamic financial law Authored by a leading English lawyer with experience of financial services in a shari'a compliant context Sets out the steps to floating a sukuk on the LSE and includes the forms with which to do so, together with procedural and documentary timetables for sukuk and for listing on the LSE Contains UK and international case studies of notable sukuk issuances and structures, to highlight issues of disclosure, liability, and insolvency or default specific to the sale of sukuk Analyses the state of the art regarding benchmarks, rating and accounting for sukuk; offers some conjectural observations on the impact of Brexit upon Islamic finance in the UK and abroad Explains and categorises nominate shari'a-compliant contract types; sets out the required document lists Analyses the use of corporate service providers and offshore trusts and financial service centres Analyses securitisation, asset backing and Islamic finance Contains a glossary and explanation of Arabic terms pertinent to sukuk and classical Islamic commercial law Sets out international hard and soft law on sukuk Advises on and provides precedent language for sukuk prospectuses Takes into account the usufruct and tangible property requirements Presents alternative to litigation for sukuk: Islamic Dispute Resolution Considers the costs and provides a cost-benefit analysis of sukuk Covers corporate governance and Islamic banking and finance reviews Islamic securities and deals in the UK Supports investigation of sukuk as a financing option and associated investment and asset classes Identifies areas of legal uncertainty and attendant risk, and its related measurement and management, considering the respective utility and function of shari'a compliant and conventional instruments Sets out analysis of completed or prospective deals in Islamic securities Analyses and categorises nominate shari'a-compliant contract types

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Details

  • NCID
    BB25516911
  • ISBN
    • 9780414055377
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    London
  • Pages/Volumes
    xli, 515 p.
  • Size
    24 cm
  • Classification
  • Subject Headings
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