Due to fixed interest and income, bonds are considered excluded in the Islamic financial system. The sukuk were then designed as an alternative these bonds, meeting needs of all investors seeking instruments that comply with law (Shari’ah). Sukuk be cornerstone industry, playing important role mobilizing funding interaction resources for various actors investment projects. In addition, market m...

This study extends from Liu and Mei (1992) by further investigation of assets, real estate related securities, which includes both equity and mortgage real estate investment trusts (REITs), the stocks of builderand owner-companies, and mortgagebacked securities (MBSs). There are five major findings. First, expected excess returns of real estate related securities are more predictable than the e...

Economic growth is the most common goal in any economy, and capital is one of the most important determinants of growth. In the last few decades, the use of securities in various countries' capital markets has expanded and has become an essential part of the economic system supplying the capital need for investors and other institutions. This study aims to analyze the effect of securities used ...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

This article aims to provide an essential and significant proposal for the Sukuk issuance framework explore its necessity in Afghanistan, be Consistent with Shariah’s requirements light of other Muslim country's experiences, especially Malaysia. The problem is, how can Afghanistan increase economic development by issuing sukuk, struggle against poverty unemployment, what are advantages sukuk on...

The principal aim of the current study is to measure effects sukuk, sharia mutual funds, and total lknb assets on Indonesian economic growth. Three independent variables (sukuk, financial institutions) are combined with one dependent variable in this (economic growth). This study's population based information from Financial Services Authority Central Statistics Agency funds institutions for la...