Shariah non-compliance risk and its management techniques: empirical evidences in selected wakalah sukuk documents issued in Malaysia jurisdiction
Noor Fadhzana Mohd Noor
Abstract:Purpose
This study aims to investigate the extent of Shariah compliance in wakalah sukuk and Shariah non-compliant risk disclosure in the sukuk documents and to analyse the risk management techniques associated with the disclosed risks.
Design/methodology/approach
This study uses qualitative document analysis as both data collection and analysis methods. The document analysis acts as a data collection method for 23 wakalah sukuk documents selected from 32 issuances of wakalah sukuk from 2017 to 2021. These s… Show more
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