THE ROLE OF ISLAMIC SUKUK IN ACHIEVING ECONOMIC DEVELOPMENT

Hamouta Abd Elaali, Khellout Souaad, Bentaya Zoulikha

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Published: Mar 3, 2024

Keywords:

Islamic sukuk, Islamic banking products, traditional securities, economic development.

Hamouta Abd Elaali, Khellout Souaad, Bentaya Zoulikha

Abstract

This study aims to highlight the role of Islamic sukuk in activating various Islamic financing formulas as an alternative to traditional sukuk and securities. We will review the concept of Islamic sukuk by defining Islamic sukuk, its origin, and the types of Islamic sukuk that the bank may allow to be used. We will then discuss a brief comparison between Islamic sukuk and traditional securities, as well as the most important formulas and methods that can be adopted by the bank to finance various economic projects.

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Vol. 61 No. 2 (2024)

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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