The application of tanazul and its shariah issues in equity based sukuk

• Main Authors: Mohd Noor, Azman, Haron, Muhamad Nasir, Mohammad, Sri Zuraihan
• Format: Article
• Language: English; English; English
• Published: ISTAC 2015
• Subjects: H Social Sciences (General)
• Online Access: http://irep.iium.edu.my/48076/1/THE_APPLICATION_OF_TANAZUL_AND_ITS_SHARIAH_ISSUES_IN_EQUITY_BASED_SUKUK.pdf; http://irep.iium.edu.my/48076/3/48076_the_application_of_tanazul.pdf; http://irep.iium.edu.my/48076/5/48076_the_application_of_tanazul_wos.pdf; http://irep.iium.edu.my/48076/

Nowadays, there are number of product innovations in Islamic capital market instruments particularly in Sukuk using the equity based contract; musharakah, mudharabah and wakalah bi al istithmar. In Islamic parameter of these contracts, there shall be no determination of return or possible arrangeme...