Sukuk is one of the fast-growing financial areas in Islamic finance. This paper reviews innovative sukuk instruments in the global financial market in addition to looking at key considerations in facilitating innovative sukuk structures. Using secondary data collected from official reports and peer-reviewed journal articles the authors analysed five types of innovative sukuk structures offered in the market over the past decade. This paper also looks into the enabling role of Securities Commission Malaysia in promoting Malaysia as the top issuer of sukuk. The data analysed shows that sukuk issuers in Malaysia would benefit from high levels of government support through policy and incentives.
The purpose of this research paper is to examine the factors that influence the issuers' sukuk structures and the impact of sukuk on the performance of the Kingdom of Saudi Arabia (KSA) sukuk issuing listed banks using the pooled OLS regression and the random effects panel models. The findings of this study show that while both bank size and the issued amount of sukuk positively affect the performance of the sukuk issuing listed banks of the KSA, a negative effect of the leverage ratio on performance was noted. Meanwhile, the sukuk dummy is reported to be statistically insignificant though it has a positive and negative magnitude in both models. Nevertheless, given the insignificance of the dummy variable, we can conclude that the factors that affect the issuers' sukuk structure in the case of the sukuk issuing listed banks of the KSA is profit maximization rather than Shari'ah compliance. Thus, this study may offer some policy insights for policymakers in KSA especially because sukuk issuance boost banks performance.
Effective management of information is a systematic design of generation, control and transmission of information in a close or open inter-related system for the attainment of the system’s goals. As a powerful tool that has been utilized to win lost battles for centuries, control of information have been the winning bait of leaders against their followers in many underdeveloped worlds. Little input on information sharing and networking of vulnerable group as seen in text message programme of Kenya’s farmers have shown astronomical improvement of farmers life and economy. Hinging on the backdrop of this concept, this study conducted a preliminary interview with Kano state farmers to assess their level of contact with the government and financial related agencies. The study revealed a wide communication gap between the farmers and government programmes and Corruption has been identified as the major problem. Using simple but modern means of communication, we design and propose a root-to-top communication programme for effective networking of information management with the view of circumventing the corruption-ridden conventional means of communication. Three communication stages of the proposed programme includes; the enlightenment, implementation and feedback mechanism. Therefore, cluster communication is identified as one of the key to success of bridging communication gap between government and other financial related agencies with farmers. It is therefore recommended that site specific features be considered before application of any cluster communication system for effective service delivery.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.