Differing views among international Shariah scholars on the trading mechanisms and the tradability of sukuk (Islamic bonds) pose a key challenge to achieving a global sukuk market.
Furthermore, differences in acceptability of certain sukuk structures are also limiting the marketability of such Islamic bonds on the international front, said Securities Commission Deputy Chief Executive Datuk Dr Nik Ramlah Mahmood. “In order to overcome this challenge, sukuk issuers intending to maximise their investor base are now opting for structures that are more broadly accepted by most jurisdictions,” she said……………………………………….Full Article: Source