Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market

The purpose of this paper is to determine the principle of Ibn Khaldun’s economic thoughts in Sukuk markets. Sukuk market has surprisingly risen in recent years. However, some challenges hinder the potentiality of sukuk market. The notable problems are lack of standardization, lack of inadequate tra...

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Autores principales: Mohammad Burhan Uddin, Afandi Awang Hamat
Formato: article
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Publicado: Ibn Haldun University 2019
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Acceso en línea:https://doaj.org/article/8a7ce126faab4c7092e9767b3f89d781
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spelling oai:doaj.org-article:8a7ce126faab4c7092e9767b3f89d7812021-11-18T17:44:20ZIbn Khaldun’s Economic Thought: A Role Model for Sukuk Market10.36657/ihcd.2019.612651-379Xhttps://doaj.org/article/8a7ce126faab4c7092e9767b3f89d7812019-07-01T00:00:00Zhttps://journal.ihu.edu.tr/index.php/ihu1/article/view/77https://doaj.org/toc/2651-379XThe purpose of this paper is to determine the principle of Ibn Khaldun’s economic thoughts in Sukuk markets. Sukuk market has surprisingly risen in recent years. However, some challenges hinder the potentiality of sukuk market. The notable problems are lack of standardization, lack of inadequate trading platforms, lack of low level of sukuk rates, lack of market structure of sukuk for retail investors and lack of global Islamic banking institutions. Apart from that, some other factors that hamper sukuk market’s growth like lack of legislative framework, lack of tax law framework, lack of Shari’ah governance framework, lack of corporate sukuk issuances and diversified investor base. In order to overcome the constraints and improve the growth of sukuk market, one of the Ibn Khaldun’s economic model that entails eight categories, has been proposed in this work while Ibn Khaldun proposed several economic structures in literatures other than the proposed one.Mohammad Burhan UddinAfandi Awang HamatIbn Haldun UniversityarticleIbn KhaldunEconomicsDevelopment Model and Sukuk Market ChallengesSocial SciencesHLanguage and LiteraturePArts in generalNX1-820ARENTRİbn Haldun Çalışmaları Dergisi, Vol 4, Iss 2 (2019)
institution DOAJ
collection DOAJ
language AR
EN
TR
topic Ibn Khaldun
Economics
Development Model and Sukuk Market Challenges
Social Sciences
H
Language and Literature
P
Arts in general
NX1-820
spellingShingle Ibn Khaldun
Economics
Development Model and Sukuk Market Challenges
Social Sciences
H
Language and Literature
P
Arts in general
NX1-820
Mohammad Burhan Uddin
Afandi Awang Hamat
Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
description The purpose of this paper is to determine the principle of Ibn Khaldun’s economic thoughts in Sukuk markets. Sukuk market has surprisingly risen in recent years. However, some challenges hinder the potentiality of sukuk market. The notable problems are lack of standardization, lack of inadequate trading platforms, lack of low level of sukuk rates, lack of market structure of sukuk for retail investors and lack of global Islamic banking institutions. Apart from that, some other factors that hamper sukuk market’s growth like lack of legislative framework, lack of tax law framework, lack of Shari’ah governance framework, lack of corporate sukuk issuances and diversified investor base. In order to overcome the constraints and improve the growth of sukuk market, one of the Ibn Khaldun’s economic model that entails eight categories, has been proposed in this work while Ibn Khaldun proposed several economic structures in literatures other than the proposed one.
format article
author Mohammad Burhan Uddin
Afandi Awang Hamat
author_facet Mohammad Burhan Uddin
Afandi Awang Hamat
author_sort Mohammad Burhan Uddin
title Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
title_short Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
title_full Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
title_fullStr Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
title_full_unstemmed Ibn Khaldun’s Economic Thought: A Role Model for Sukuk Market
title_sort ibn khaldun’s economic thought: a role model for sukuk market
publisher Ibn Haldun University
publishDate 2019
url https://doaj.org/article/8a7ce126faab4c7092e9767b3f89d781
work_keys_str_mv AT mohammadburhanuddin ibnkhaldunseconomicthoughtarolemodelforsukukmarket
AT afandiawanghamat ibnkhaldunseconomicthoughtarolemodelforsukukmarket
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