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2018 | OriginalPaper | Chapter

2. An Overview of Islamic Capital Market (ICM) and Sukuk Industry

Authors : Ahcene Lahsasna, M. Kabir Hassan, Rubi Ahmad

Published in: Forward Lease Sukuk in Islamic Capital Markets

Publisher: Springer International Publishing

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Abstract

This chapter provides an overview about the Islamic capital market (ICM), which is regarded as a vibrant market segment in Islamic finance. The ICM is a marketplace that is free from non-Shariah compliant activities. There are many important activities and instruments offered in the ICM such as Sukuk, shares, RETS, ETF, and others. The ICM plays an important role in the development of finance and the economy as it opens up opportunities for investment and fund raising. This chapter offers a general introduction to the ICM and covers some of its very important aspects. It provides a general overview of the Sukuk market in Islamic finance, examines the growth of the Sukuk industry and its challenges in the current global financial market, presents an analysis of Sukuk in the ICM, and discusses key milestones in the Sukuk Market.

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Metadata
Title
An Overview of Islamic Capital Market (ICM) and Sukuk Industry
Authors
Ahcene Lahsasna
M. Kabir Hassan
Rubi Ahmad
Copyright Year
2018
DOI
https://doi.org/10.1007/978-3-319-94262-9_2