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Economic and Social Impacts of Sovereign Sukuk

Economic and Social Impacts of Sovereign Sukuk

Magda Ismail Abdel Mohsin, Ishraga Khattab, Mhd Osama Alchaar
Copyright: © 2020 |Pages: 20
ISBN13: 9781799802181|ISBN10: 1799802183|ISBN13 Softcover: 9781799802198|EISBN13: 9781799802204
DOI: 10.4018/978-1-7998-0218-1.ch037
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MLA

Abdel Mohsin, Magda Ismail, et al. "Economic and Social Impacts of Sovereign Sukuk." Handbook of Research on Theory and Practice of Global Islamic Finance, edited by Abdul Rafay, IGI Global, 2020, pp. 732-751. https://doi.org/10.4018/978-1-7998-0218-1.ch037

APA

Abdel Mohsin, M. I., Khattab, I., & Alchaar, M. O. (2020). Economic and Social Impacts of Sovereign Sukuk. In A. Rafay (Ed.), Handbook of Research on Theory and Practice of Global Islamic Finance (pp. 732-751). IGI Global. https://doi.org/10.4018/978-1-7998-0218-1.ch037

Chicago

Abdel Mohsin, Magda Ismail, Ishraga Khattab, and Mhd Osama Alchaar. "Economic and Social Impacts of Sovereign Sukuk." In Handbook of Research on Theory and Practice of Global Islamic Finance, edited by Abdul Rafay, 732-751. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-0218-1.ch037

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Abstract

This chapter explores the economic and social impacts of sovereign Sukuk in Sudan and its unique challenges. The first of its kind, this research collected primary data from different groups of investors of Sudanese governmental Sukuk. Adopting a qualitative approach (interview questions and open and closed-ended surveys), four sets of questions were distributed to four groups (individual investors, institutional investors, government officials, and academics). The survey found that despite Sukuk's influence in activating the economy and financial markets, and encouraging savings awareness, the market in Sudan is facing many challenges. Accordingly, it is recommended that Sukuk issuances should appeal to a wider audience including retail investors. The ensuing system, which could likewise be adopted by other countries, would generate more liquidity for development projects and may prove helpful for developed Sukuk markets. Additionally, evolving capital markets would enhance the economic and social impact of governmental Sukuk.

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