Why do issuers issue Sukuk or conventional bond? Evidence from Malaysian listed firms using partial adjustment models

HH Mohamed, M Masih, OI Bacha - Pacific-Basin Finance Journal, 2015 - Elsevier
Although sukuk has been dominating the Malaysian capital market, the motivations of the
firms issuing sukuk or conventional bonds remained largely unexplored. Using the partial …

Factors influencing Islamic banks' capital structure in developing economies

AAA Bukair - Journal of Islamic Accounting and Business Research, 2019 - emerald.com
Purpose This paper aims to investigate the influence of company-specific attributes on
capital structure decisions of Islamic banks (IBs) in Gulf Cooperation council (GCC) …

Agency costs and corporate sukuk issuance

ZA Halim, J How, P Verhoeven - Pacific-Basin Finance Journal, 2017 - Elsevier
Once a niche financial instrument, sukuk have become a mainstream alternative source of
capital for corporations. This paper examines the motivations for firms to finance their …

Corporate choice between conventional bond and Sukuk issuance evidence from GCC countries

R Grassa, H Miniaoui - Research in International Business and Finance, 2018 - Elsevier
Although there have been recent developments in respect of the diversification of capital
markets in GCC countries, the motivations of the firms issuing Sukuk or conventional bonds …

The impact of Sukuk on the insolvency risk of conventional and Islamic banks

H Smaoui, K Mimouni, A Temimi - Applied Economics, 2020 - Taylor & Francis
This paper investigates the impact of Sukuk market development on bank insolvency risk
using a sample comprising 72 Islamic banks (IBs) and 145 conventional banks (CBs) …

Which firms do prefer Islamic debt? An analysis and evidence from global sukuk and bonds issuing firms

MH Uddin, SH Kabir, MS Hossain, NSA Wahab… - Emerging Markets …, 2020 - Elsevier
The Islamic debt instrument sukuk has been in the market for two decades; still, we do not
know why a firm prefers an Islamic debt over conventional debt, set aside religiosity issue …

[PDF][PDF] Why do firms issue sukuk over bonds? Malaysian evidence

S Shahida, S Saharah - Proceeding of the 15th Malaysian Finance …, 2013 - ukm.my
Sukuk are dominating the Malaysian capital market with strong support from government,
mega conglomerates and firms. Sukuk as an important source of firms' financings are …

Finance as worship: a survey of Islamic finance research

M Alzahrani, WL Megginson - 2017 - papers.ssrn.com
The global Islamic finance industry is estimated to be worth approximately US $1.4 trillion,
and has grown much faster than conventional finance over the past four decades. Although …

Role of signaling in issuance of sukuk versus conventional bonds–an empirical analysis of the bond market in the UAE

S Majumdar, R Puthiya - International Journal of Islamic and Middle …, 2021 - emerald.com
Purpose The global sukuk market has seen widespread innovations in the last couple of
decades, which helped sukuk develop into one of the most acceptable Islamic instruments …

[PDF][PDF] Capital structure decisions in Islamic banking: empirical evidence from Pakistan

SMAR Shah, DA Rashid… - Shah, M., Rashid, A., & …, 2014 - papers.ssrn.com
This study aims to explore the determinants of capital structure in the Islamic banking
industry of Pakistan. It also aims at exploring the effects of macroeconomic conditions and …