SEUIR Repository

Impact of risk factors in return on sukuk (islamic bond) market: special reference from Nasdaq Dubai sukuk indices

Show simple item record

dc.contributor.author Rauf, A.L.A.
dc.date.accessioned 2016-11-21T06:58:59Z
dc.date.accessioned 2016-11-23T06:18:59Z
dc.date.available 2016-11-21T06:58:59Z
dc.date.available 2016-11-23T06:18:59Z
dc.date.issued 2015-11-18
dc.identifier.citation In Proceedings of 4th Annual International Research Conference – 2015, on “Innovative Perspective in Business, Finance and Information Management”, pp 238-245. en_US
dc.identifier.isbn 978-955-627-065-5
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/1829
dc.description.abstract The objective of this study is to identify the different types of risk embedded in the sukuk structure and impact of them in return on Sukuk market. To identify the factors literature was reviewed and to find the impact of them secondary data were collected from Nasdaq Dubai sukuk indices of the global sukuk market from 2005 to 2014 on a periodic monthly basis. Collected data were analyzed and found various factors namely interest rate risk, inflation rate risk, dollar rate risk, consumer confidence risk, maturity risk, credit risk, Shari‘ah compliance risk and liquidity risk. Regression analysis revealed that risk factors explain 88% to 94% of the variation on sukuk return and global sukuk return is exposed to risk. Specifically, while dollar rate risk negatively related interest rate risk, inflation rate risk, consumer confidence risk, maturity risk, credit risk, Shari‘ah compliance risk and liquidity risk positively related with sukuk return. Further, the results confirmed the significant influence of market risk, credit risk, operational risk and liquidity risk on the sukuk returns in different ways. Maintaining optimum level of inflation, hedging interest- rate risk with the Thompson Reuters interest rate with Islamic industry, using a common currency in the Gulf region, mitigate risk management mechanism, establishing an international common Shari‘ah board and taking steps in order to develop secondary markets for sukuk are recommended. en_US
dc.language.iso en_US en_US
dc.publisher Faculty of Management and Commerce, South Eastern University of Sri Lanka (SEUSL). en_US
dc.subject Market en_US
dc.subject Performance en_US
dc.subject Return en_US
dc.subject Risk en_US
dc.subject Sukuk en_US
dc.title Impact of risk factors in return on sukuk (islamic bond) market: special reference from Nasdaq Dubai sukuk indices en_US
dc.type Article en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search SEUIR


Advanced Search

Browse

My Account