Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali

Last decade has witnessed rapid expansion of Islamic financial instruments with particularly the increase of Islamic investment certificates called Sukuk. Since Sukuk represent an alternative instrument to conventional bonds, it is of interest to evaluate the economic differences between these finan...

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Main Authors:	Ibrahim, Mukhairi, Md. Ghazali, Ibrahim Hanif, Mohamed Ali, Suria Haryati
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Investment companies Investment trusts Mutual funds Malaysia
Online Access:	https://ir.uitm.edu.my/id/eprint/46849/1/46849.pdf
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id	my-uitm-ir.46849
record_format	uketd_dc
spelling	my-uitm-ir.468492021-08-23T05:01:59Z Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali 2013-01-26 Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati Investment companies. Investment trusts. Mutual funds Malaysia Last decade has witnessed rapid expansion of Islamic financial instruments with particularly the increase of Islamic investment certificates called Sukuk. Since Sukuk represent an alternative instrument to conventional bonds, it is of interest to evaluate the economic differences between these financing techniques and appraise the implications on the future expand of Sukuk. Performance analysis is use to investigate whether sukuk is under performing compare to conventional bond. This study found that the market perceived the risks of the instruments (Sukuk and Conventional bond) as the same that is why the return of the financial instrument is not significantly difference. For the issuer of Government Sukuk and on Government Sukuk the finding revealed, the risk are different event though based on same instrument (Sukuk), that is why the return of the issuer are significantly difference. For the on Government based Sukuk gave more return compare to Government Sukuk. The market perceived the risks of the two instruments (Sukuk and Conventional Bond) for government and non government issued as the same, that is why the return of the financial instrument for Government or Non Government based Sukuk or Conventional issued is not significantly difference. 2013-01 Thesis https://ir.uitm.edu.my/id/eprint/46849/ https://ir.uitm.edu.my/id/eprint/46849/1/46849.pdf text en public masters UiTM Cawangan Johor Kampus Pasir Gudang Faculty of Business and Management Miskam, Dr Zamri
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Miskam, Dr Zamri
topic	Investment companies Investment trusts Mutual funds Malaysia
spellingShingle	Investment companies Investment trusts Mutual funds Malaysia Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
description	Last decade has witnessed rapid expansion of Islamic financial instruments with particularly the increase of Islamic investment certificates called Sukuk. Since Sukuk represent an alternative instrument to conventional bonds, it is of interest to evaluate the economic differences between these financing techniques and appraise the implications on the future expand of Sukuk. Performance analysis is use to investigate whether sukuk is under performing compare to conventional bond. This study found that the market perceived the risks of the instruments (Sukuk and Conventional bond) as the same that is why the return of the financial instrument is not significantly difference. For the issuer of Government Sukuk and on Government Sukuk the finding revealed, the risk are different event though based on same instrument (Sukuk), that is why the return of the issuer are significantly difference. For the on Government based Sukuk gave more return compare to Government Sukuk. The market perceived the risks of the two instruments (Sukuk and Conventional Bond) for government and non government issued as the same, that is why the return of the financial instrument for Government or Non Government based Sukuk or Conventional issued is not significantly difference.
format	Thesis
qualification_level	Master's degree
author	Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati
author_facet	Ibrahim, Mukhairi Md. Ghazali, Ibrahim Hanif Mohamed Ali, Suria Haryati
author_sort	Ibrahim, Mukhairi
title	Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
title_short	Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
title_full	Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
title_fullStr	Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
title_full_unstemmed	Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali
title_sort	are sukuk really giving return? evidence from the malaysian market / mukhairi ibrahim, ibrahim hanif md. ghazali & suria haryati mohamed ali
granting_institution	UiTM Cawangan Johor Kampus Pasir Gudang
granting_department	Faculty of Business and Management
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/46849/1/46849.pdf
_version_	1783734770134417408

Are sukuk really giving return? Evidence from the Malaysian market / Mukhairi Ibrahim, Ibrahim Hanif Md. Ghazali & Suria Haryati Mohamed Ali

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