Sukuk Market and Economic Welfare Nexus: A Partial Equilibrium Approach
نویسندگان
چکیده
Due to its distinctive features and investment quality, sukuk as an Islamic alternative bond financing, have known last decades a worldwide interest rapid widespread, particularly after the 2007-2008 global financial crisis. Despite market prevalence of sukuk, literature on – economic wealth nexus still inexistant. In this study, we develop basic model that captures welfare effects markets. The main finding shows importance well-developed in hedging rate inflation risks effectively and, thereby improving investor welfare.Keywords: Sukuk, Economic welfare, Partial equilibriumJEL Classifications: D53 G15 D60DOI: https://doi.org/10.32479/ijefi.11507
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ژورنال
عنوان ژورنال: International Journal of Economics and Financial Issues
سال: 2021
ISSN: ['2146-4138']
DOI: https://doi.org/10.32479/ijefi.11507