Franklin

Sukuk structures : legal engineering under Dutch law / Omar Salah.

Author/Creator:
Salah, Omar, author.
Publication:
Hague, Netherlands ; Portland, Oregon : Eleven International Publishing, 2014.
Format/Description:
Book
1 online resource (241 p.)
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Subjects:
Civil law.
Commercial law -- Netherlands.
Form/Genre:
Electronic books.
Language:
English
Summary:
Sukuk is the Arabic name for financial certificates. Sukuk securities are structured to comply with Islamic law and its investment principles, which prohibit the charging or paying of interest. This book is the first to set out how sukuk transactions can be structured under Dutch private law and covers the Islamic and Dutch legal issues involved. It explains the fundamentals of Islamic finance and analyzes Islamic contract, property, corporate, and finance law. The book describes how Islamic finance principles, such as riba (in short: prohibition on interest) and gharar (avoidance of contractu
Contents:
Cover; Title Page; Editorial Preface; Preface; Contents; List of Abbreviations; 1 Introduction; 1.1 Introduction to the Subject of the Study; 1.1.1 Islamic Finance; 1.1.2 Sukuk; 1.2 Purpose and Relevance of the Study; 1.2.1 Growth of the Islamic Finance Industry and Sukuk Market; 1.2.1.1 Islamic Finance Industry; 1.2.1.2 Sukuk Market; 1.2.2 The Practice of Islamic Finance and the Netherlands; 1.2.3 Islamic Finance in the World of Academia; 1.3 Research Question and Theoretical Framework; 1.4 Methods of Research; 1.5 Organisation of this Book; 2 Islamic Law; 2.1 Islamic Law and Jurisprudence
2.1.1 Sources of Islamic Law2.1.1.1 Qur'an; 2.1.1.2 Sunnah; 2.1.1.3 Ijma'; 2.1.1.4 Qiyas; 2.1.1.5 Ijtihad; 2.1.2 Islamic Jurisprudence; 2.2 Islamic Finance Principles; 2.2.1 Riba; 2.2.2 Gharar; 2.2.3 Riba and Gharar in the Light of the Special Contracts of the Dutch Civil Code; 2.3 Islamic Private Law; 2.3.1 Islamic Property Law; 2.3.2 Islamic Contract Law; 2.3.3 Comparison between Islamic Private Law and Dutch Private Law; 2.4 Concluding Remarks; 3 Islamic Finance Contracts; 3.1 Partnership Contracts: Musharaka and Mudarabah; 3.1.1 Musharaka; 3.1.2 Mudarabah
3.1.3 Musharaka and Mudarabah as Modern Day Corporations3.2 Sale Contracts: Murabaha, Salam and Istisna'; 3.2.1 Murabaha; 3.2.2 Salam; 3.2.3 Istisna'; 3.3 Leasing Contracts: Ijarah and Ijarah wa-Iqtina; 3.3.1 Ijarah; 3.3.2 Ijarah wa-Iqtina; 3.4 Concluding Remarks; 4 Sukuk; 4.1 Sukuk: History and Characteristics; 4.1.1 Origins of Sukuk in the Middle Ages; 4.1.2 Sukuk: Islamic Securities in Financial Markets; 4.2 Sukuk: A Product of a Securitisation Process Called Tawreeq; 4.2.1 Transfer of the Right of Ownership of Tangible Property to SukukHolders
4.2.2 The Role of the SPV in the Securitisation Process Called Tawreeq4.3 Sukuk Structures; 4.3.1 Equity-Based Sukuk: Sukuk al-Musharaka; 4.3.2 Sale-Based Sukuk: Sukuk al-Murabaha; 4.3.3 Lease-Based Sukuk: Sukuk al-Ijarah; 4.4 Concluding Remarks; 5 Structuring Underlying Islamic Finance Contracts in Sukuk Transactions under Dutch Law; 5.1 The Musharaka in the Sukuk al-Musharaka under Dutch Corporate Law; 5.1.1 Islamic Finance Rules for a Musharaka Stock Company in Sukukal- Musharaka; 5.1.2 Musharaka under Dutch Corporate Law: Incorporation of a MusharakaBV
5.1.3 Legal Effects and Practical Considerations of Transfer Restrictions in the Articles of Association of the Musharaka BV with respect to the Transfer of its Shares and the Sukuk5.2 The Murabaha in the Sukuk al-Murabaha under Dutch Property andContract Law; 5.2.1 Islamic Finance Rules for Murabaha Transaction in Sukuk al-Murabaha; 5.2.2 Sukuk al-Murabaha under Dutch Property Law; 5.2.2.1 Transfers of Tangible Property under Dutch Property Law; 5.2.2.2 Security Rights to Secure Instalments under Dutch Property Law
5.2.3 Sukuk al-Murabaha under Dutch Contract Law: Murabaha asInstalment Sale within the Meaning of Book 7A DCC
Notes:
Description based upon print version of record.
Includes bibliographical references and index.
Description based on online resource; title from PDF title page (ebrary, viewed September 10, 2014).
ISBN:
94-6274-001-1
OCLC:
891386441