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Islamic Bonds
Ramdhani, Royyan Djayusman
Ramdhani, Royyan
Djayusman
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This paper aims to analyze the structure of Islamic bond products based on the definitions in accordance with Islamic values. This paper also analyzes the alienation procedures or transfer of Islamic bond to other investors. The method used in this paper is phenomenology with qualitative descriptive approach. While the tools of analysis used are financial structures and fiqh. The result of this analysis is that the use of the term sukuk is more permanent than Islamic Bonds. Sukuk is defined as an investment letters used as proof of ownership of real assets which is used as underlying assets of the issuance of Sukuk. Meanwhile, there are two opinions concerning the transfer of Sukuk before the maturity date. The first opinion explains that it is similar to buying and selling of debt (money) which is prohibited in Islam and the second opinion states that it is an asset sale.
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2014-02
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With permission of the license/copyright holder