Corporate Sukuk Issuance by Muhammad Arif

Top 20 FREQUENT WORDS

islamic 27 sukuk 26 sukuks 14 financing 12 billion 9 infrastructure 9 corporate 8 shariah 8 compliant 7 investors 7 pakistan 7 sovereign 7 developing 6 global 6 government 6 growth 6 interbank 6 issuance 6 steps 6 banking 5 banks 5 funds 5 june 5 sector 5

DOCUMENT KEY POINTS

• corporate sukuk issuance and prospects utility and state owned enterprises presented by muhammad arif state bank of pakistan sukuk definition � sukuk certificates represent proportionate beneficial ownership and may be described as an islamic bond for a defined period the risk risk and return on which is associated with cash flows generated by a particular asset belonging to the investors ie sukuk holders
• principle � the periodic payments and scheduled amortization of the principle due to investors are structured matching with the income and capital returns arising out of the underlying assets

• � features of sukuks as such that they can be used as liquidity management instrument by the financial institutions undertaking shariah compliant business and for their use as monetary policy tool
• driving force three main driving forces behind the development of the sukuk market are � growing demand by the investors for shariah compliant instruments competitive yields provide better results

• the sukuks were listed on the bahrain stock exchange to enable their trading in the secondary market for its investors
• government projects infrastructure financing projects carried out by private public entities being financed by islamic mode

• � innovation in sukuk products by focusing on its pricing and risk characteristics the success in this respect is evident from the fact that in sukuks investment have come from conventional investors
• � tradability factor of sukuk for its use by market participants as well central bank for its monetary policy operations

• growth of islamic banking in pakistan islamic banking players number of islamic banks a number of branches of islamic banks number of conventional banks operating islamic banking branches b total number of standalone islamic banking branches of conventional banks total islamic banking branches a b growth trends rs
• june june june june description growth growth growth deposits financing investments total assets

• billion aviation � energy rs billion from private federal government � kesc rs billion � water resources rs billion � fuel sector public sector rs billion private sector rs billion
• � the sukuk issued in corporate market are are sukuk tenor amount return sitara years variable chemicals million al zamin years p l sharing lease ii leasemillion wapda years billion month sukuk kibor bps prospects � potential of capital market growth is enormous in pakistan due to to its geographical location natural requirements � pses utility services sub national authorities require huge areas

• � sitara chemical industries limited standard chartered bank june � sitara chemical industries limited meezan bank limited december � wateen telecom standard chartered bank december � sui southern gas company ltd standard chartered bank dubai islamic in process � karachi shipyards eng work dubai islamic bank jahangir siddiqui in process � pakistan international airline citi bank in process
• recent domestic sukuk issuances has proved good for sukuk market in pakistan and following sukuks have been issued in the nd h y or are in the pipeline

• � sbp is also coordinating with secp to develop corporate bond market by making them cost effective and by providing requisite market infrastructure

Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\sukuk islamic

KeyWords

sukuk issu secur debt malaysia investor issuanc islam bond issuer corporate billion governance malaysian rate structur bankable institut developed convention

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DOCUMENT REFERENCES

Number of Pages

11

Published Date

2007-01-31 14:43:42

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