Sukuk securities and conventional bonds: evidence of significant differences

• Main Authors: Ariff, Mohamed, Safari, Meysam, Ramadilli Mohd, Shamsher Mohamad
• Format: Article
• Language: English
• Published: Universiti Putra Malaysia Press 2013
• Online Access: http://psasir.upm.edu.my/id/eprint/40739/1/Sukuk%20Securities%20and%20Conventional%20Bonds%20Evidence%20of%20Significant%20Differences.pdf; http://psasir.upm.edu.my/id/eprint/40739/; http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2021%20(2)%20Jun.%202013/15%20Page%20621-638.pdf

Sukuk securities have similar features with conventional bonds. The financial press has, however, inappropriately referred to Sukuk as Islamic bonds. This paper investigates sukuk securities empirically by first examining the yields to maturities of sukuk securities and conventional bonds of various...