Jabatan Shariah dan Pengurusan
Akademi Pengajian Islam
Universiti Malaya
50603 Kuala Lumpur, MALAYSIA.
Jabatan Shariah dan Pengurusan
Akademi Pengajian Islam
Universiti Malaya
50603 Kuala Lumpur, MALAYSIA.
Abstract
Underlying asset is vital in sukuk issuance. However, physical underlying asset may not be sufficient to issue sukuk regularly. This article intends to analyse the alternative underlying assets for short-term sukuk issuance. A case study on short-term sukuk was conducted at a multilateral company known as the International Islamic Liquidity Management (IILM). By using the interview method, this research found that the usage of wakalah contract in the issuance of sukuk is the best way to reduce the usage of physical assets. Other alternatives which may be used to overcome the lack of the underlying assets is perhaps a light asset consists of air time and electricity tarif, private assets or micro financing or loose High Quality Liquid Asset (HQLA) term and conditions.
Keywords
Citation
@article{shahabudin2018analisis,
title={Analisis terhadap Aset Sandaran Alternatif bagi Penerbitan Sukuk Jangka Pendek oleh International Islamic Liquidity Management (IILM)},
author={Shahabudin, Najibah Khairiyah and Noordin, Kamaruzaman},
journal={Jurnal Pengurusan},
number={},
pages={181—188},
doi={https://doi.org/10.17576/pengurusan-2018-54-15},
publisher={Penerbit UKM},
}
Article received:
Accepted for publication:
Available online:
54 (2018) 181 – 188
Share via:
Receive updates when new articles are published