Series: IMF Working Papers
Author(s): Andreas Jobst
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2007
Keywords: securitization, ABS, MBS, structured finance, Islamic securitization, sovereign securitization, shariah compliance, sukuk, mudharaba, ijara
Islamic lending transactions are governed by the precepts of the shariah, which bans interest and stipulates that income must be derived as return from entrepreneurial investment. Since Islamic finance is predicate...