Series: IMF Working Papers
Author(s): Faezeh Raei , and Selim Cakir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2007
Keywords: Sukuk, Sharia-Compliance, Eurobonds, Value-at-Risk, Diversification, bond, conventional bonds, islamic bonds, bond portfolios,
This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has g...