management of mudaraba sukuk risks with emphasis on imamiah jurisprudence

with regard to the islamic ban on usury, muslim governments and companies that intend to raise funds have to utilize financial instruments which, besides having economic and financial justification, need to be consistent with the principles and provisions of the jurisprudence. meanwhile, given the different motivations and interests of investors, diversity in financial instruments is a fundamental necessity. yet, from among different types of islamic financial instruments, in the iranian capital market, only ijareh and musharekat sukuk on a small scale have been effected. another tool currently focused on by muslim governments and companies is the mudaraba sukuk. since in designing every islamic financial instrument we must consider all juridical, legal and financial aspects of the financial model, risk management, accounting and tax, this study has examined methods of dealing with mudaraba sukuk risks based on library studies and descriptive-analytical method, and by using delphi research method has identified and categorized different types of covering risks. therefore, due to its exploratory nature, this research lacks any hypothesis, and seeks to answer the question about the methods of covering the mudaraba sukuk risk according to the imamiah jurisprudence.