| Among many Islamic finance instruments, Sukuk, commonly called Islamic bonds, has in recent years been considered as the most effective mid and long-term financing method, producing the most liquid assets. This instrument gained attention especially after the 2008 financial crisis and has become one of the fastest-growing Islamic financial instruments not only in |
| In 2007,the financial crisis revealed that some banks were complying well with the Basel Il "capital adequacy ratio", but faced a severe shortage of liquidity. In 2013, the Basel Committee of Banking Supervion (BBS) responded to thebanks challenges by introducing the "Basel IlI, Liquidity Coverage Ratio (LCR)" as an indicator of the short-term resilience of a bank's liquidity risk profile. In 2015, the IFSB introduced an LCR tailored to the needs and nature of Islamic banks. |
| Recent studies detected practices of 'Ijärah Sukük's issuance and trade's unconformity with the theoretical structure defined by Islamic economics. A significant dilemma is the type of return offered on 'Ijärah Sukuk. This research attempts to study rent as return on 'Ijarah Sukük, its efficiency, its scope of practice and islamic considerations of using LIBOR. |