A comparative analysis of risk-return characteristics between Sukuk (Islamic bonds) and conventional bonds
General Material Designation
[Thesis]
First Statement of Responsibility
Shalhoob, Hebah Shafeq
Subsequent Statement of Responsibility
Ahmad, Farooq ; Beloucif, Ahmed
.PUBLICATION, DISTRIBUTION, ETC
Name of Publisher, Distributor, etc.
Robert Gordon University
Date of Publication, Distribution, etc.
2016
DISSERTATION (THESIS) NOTE
Dissertation or thesis details and type of degree
Thesis (Ph.D.)
Text preceding or following the note
2016
SUMMARY OR ABSTRACT
Text of Note
Sukuk are an important mode of financing in the Islamic financial system. As usury (interest) is prohibited in Islam, conventional bonds are not suitable for investors in Islamic countries. Since their launch in the 1980s, Sukuk have gained recognition and popularity as a substitute for conventional bonds. However, their unique features mean that Sukuk are not always clearly understood. The aim of this study is to analyse the differences and similarities between Sukuk and conventional bonds in terms of their risk and return characteristics.