Securitization in Islamic Bonds and Debt Securities: Issues and Alternatives

This article focuses on Islamic bonds and debt securities and examines specific issues in Islamic debt securitization. Other areas of securitization are discussed briefly to provide an overall picture of the topic. The article also investigates the potential bridging and extension of the concept of securitization to new opportunities and assets that are capable of securitization. Throughout this paper, the focus will be on the modes of securitization for Islamic contracts, essentially to meet the requirements of Islamic legal rules and principles.