Application of the concept of beneficial ownership in sukūk structures: 105 an Islamic legal analysis

• Main Authors: Engku Ali, Engku Rabiah Adawiah, Klopic, Nermin, Ellias, Muhammad Ramadhan Fitri, Haron, Muhamad Nasir
• Format: Article
• Language: English
• Published: International Shari'ah Research Academy for Islamic Finance (ISRA) 2015
• Subjects: HG Finance; K Law (General); KBP Islamic Law; KD England and Wales; KPG Malaysia
• Online Access: http://irep.iium.edu.my/46885/9/sukuk.pdf; http://irep.iium.edu.my/46885/

Asset ownership is an important aspect of ṣukūk structuring and issuance. However, a recurring and contentious issue regarding the underlying ṣukūk asset is the actual nature of its ownership and the corresponding legal implications for ṣukūk holders and other parties in the ṣukūk transaction. Many...