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The article discusses the historical development of sukuk
(Islamic securities) and the approach towards the prohibition of
riba (in short: interest). The authors assess what different
approaches can be taken towards the prohibition of riba and
illustrate how the industry has been moving from idealist
approaches towards more pragmatic approaches by describing several
sukuk structures. The authors also discuss the way forward.
To read the article click here. This article is available in English
only.
Authors: Omar Salah and Professor Abdullah Saeed (Sultan
of Oman Professor at the University of Melbourne).
Omar Salah has co-authored an article in the Journal of
International Banking Law and Regulation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
