This book is the first authoritative guide to Sukuk, or shari’a-compliant securities. The book offers clear guidance for legal and finance professionals on the sale, purchase, origination and issuance of sukuk, including standard form documents and financial services contracts.

Offers guidance to solicitors, barristers, and legal and finance professionals on the sale, purchase, origination, and issuance of sukuk, the Islamic equivalent of bonds
Gives an account of how to run Islamic finance transactions, including standard form documents and shari’a-compliant financial services contracts
Explains the meaning of sukuk, both modern and pre-modern, and compares bonds and sukuk
Provides an up-to-date treatment of the legal, regulatory, and policy issues pertinent to shari’a-compliant securities specifically in the UK and the utility of passporting to the European Economic Area
Explains English case law and statute on banking and company law as pertinent to the principles and practices of Islamic financial law
Authored by a leading English lawyer with experience of financial services in a shari’a compliant context
Sets out the steps to floating a sukuk on the LSE and includes the forms with which to do so, together with procedural and documentary timetables for sukuk and for listing on the LSE
Contains UK and international case studies of notable sukuk issuances and structures, to highlight issues of disclosure, liability, and insolvency or default specific to the sale of sukuk
Analyses the state of the art regarding benchmarks, rating, and accounting for sukuk; offers some conjectural observations on the impact of Brexit upon Islamic finance in the UK and abroad
Explains and categorises nominate shari’a-compliant contract types; sets out the required document lists
Analyses the use of corporate service providers and offshore trusts and financial service centres
Analyses securitisation, asset backing, and Islamic finance
Contains a glossary and explanation of Arabic terms pertinent to sukuk and classical Islamic commercial law
Sets out international hard and soft law on sukuk
Advises on and provides precedent language for sukuk prospectuses
Takes into account the usufruct and tangible property requirements
Presents alternative to litigation for sukuk: Islamic Dispute Resolution
Considers the costs and provides a cost-benefit analysis of sukuk
Covers corporate governance and Islamic banking and finance reviews Islamic securities and deals in the UK
Supports investigation of sukuk as a financing option and associated investment and asset classes
Identifies areas of legal uncertainty and attendant risk, and its related measurement and management, considering the respective utility and function of shari’a compliant and conventional instruments
Sets out analysis of completed or prospective deals in Islamic securities
Analyses and categorises nominate shari’a-compliant contract types

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Law of Sukuk: Shari'a Compliant Securities

Law of Sukuk: Shari'a Compliant Securities