Analisis Terhadap Aset Sandaran Alternatif bagi Penerbitan Sukuk Jangka Pendek oleh International Islamic Liquidity Management (IILM) (Analysis of alternative underlying asset in short term Sukuk Issuance by International Islamic Liquidity Management (IILM))

Shahabudin, Najibah Khairiyah and Noordin, Kamaruzaman (2018) Analisis Terhadap Aset Sandaran Alternatif bagi Penerbitan Sukuk Jangka Pendek oleh International Islamic Liquidity Management (IILM) (Analysis of alternative underlying asset in short term Sukuk Issuance by International Islamic Liquidity Management (IILM)). Jurnal Pengurusan, 54. pp. 1-12. ISSN 0127-2713

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Official URL: http://ejournals.ukm.my/pengurusan/article/view/30...

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.

Item Type: Article
Uncontrolled Keywords: Islamic interbank money market; liquid instrument; short term sukuk IILM; underlying asset; International Islamic Liquidity Management (IILM)
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc
H Social Sciences > HG Finance
Divisions: Academy of Islamic Studies > Dept of Syariah & Management
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 18 Mar 2019 06:29
Last Modified: 18 Mar 2019 06:29
URI: http://eprints.um.edu.my/id/eprint/20723

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