Raising Capital on bukkk Markets: Structural, Legal and Regulatory Issues [Hardcover]

bukkk markets have grown significantly worldwide since their emergence in Islamic jurisdictions as well as conventional jurisdictions including the US, the UK, Germany, China, France and Singapore. The practices of cukkk markets, however, have come under close scrutiny. The legal and regulatory risks arising from the existing general legal environment and their impact on those investing and trading in cukkk markets has not received adequate attention. The topic of cukkk has been subject to extensive research and academic discussion from different perspectives, but the existing literature has not adequately addressed the issues associated with these markets. This book examines the contemporary issues encountered in the foundation and operation of cukkk markets by providing an in-depth discussion of the issues facing cukkk markets from legal and regulatory perspectives and focusing attention on how soundness can be ensured in the wider context. These issues go to the heart of what the cukkk market is really about, as recent debate has recognised in cukkk the replication of conventional bonds in ways that are considered unsatisfactory from an Islamic law point of view.

Chapter 1. Islamic Financial Markets: Legal and Regulatory Hurdles.- Chapter 2. An Overview of bukkk.- Chapter 3. Asset-Backed bukkk.- Chapter 4. Asset-Based bukkk.- Chapter 5. Default in the bukkk Market: A Case Study of Default and Near Default bukkk Issuances.- Chapter 6. Legal Issues Surrounding bukkk Structures.- Chapter 7. Regulation of the bukkk Market: Case Study of Malaysia, UAE and KSA.- Chapter 8. Proposed Approaches for the Development of Sound bukkk Markets. Chapter 9. Conclusion.

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