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Forward Ijarah Sukuk: Concept, Issuance, Structuring and General Governing Rules

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Forward Lease Sukuk in Islamic Capital Markets

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Abstract

This chapter emphasizes the forward lease Sukuk by discussing its concept, issuance, structuring process, and overall governing rules to provide clear guidance on the issuance of forward lease Sukuk. This chapter covers topics such as the concept of the forward lease, general rules of forward leasing, istisna as an underlying contract in a forward lease portfolio, issuance of forward lease Sukuk, parties in Sukuk securitization, illustration of the process and phases of Sukuk issuance, and issues in forward Ijarah sukuk such as the steps involved in structuring forward Ijarah sukuk.

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Author information

Authors and Affiliations

  1. Salihin Shariah Advisory, Kuala Lumpur, Malaysia

    Ahcene Lahsasna

  2. Department of Economics and Finance, University of New Orleans, New Orleans, LA, USA

    M. Kabir Hassan

  3. Department of Finance and Banking, Faculty of Business and Accountancy, University of Malaya, Kuala Lumpur, Malaysia

    Rubi Ahmad

Authors
  1. Ahcene Lahsasna
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  2. M. Kabir Hassan
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  3. Rubi Ahmad
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Correspondence to Ahcene Lahsasna .

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Lahsasna, A., Hassan, M.K., Ahmad, R. (2018). Forward Ijarah Sukuk: Concept, Issuance, Structuring and General Governing Rules. In: Forward Lease Sukuk in Islamic Capital Markets. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-94262-9_6

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  • DOI: https://doi.org/10.1007/978-3-319-94262-9_6

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-94261-2

  • Online ISBN: 978-3-319-94262-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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