Municipal Sukuk as a Model for Financing Municipalities and Public Service Institutions in Saudi Arabia

Al-Ajlouni, Ahmed; Habeeb, Manal AL

doi:10.2139/ssrn.4101102

SSRN Journal

2020

DOI: 10.2139/ssrn.4101102

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Municipal Sukuk as a Model for Financing Municipalities and Public Service Institutions in Saudi Arabia

Ahmed Al-Ajlouni

Manal AL Habeeb

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2023

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Cited by 2 publications

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The Potential of Municipal Sukuk Issuance in Indonesia - A Review of Theoretical Research

Ulfah

2023

perisai

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The main objective of this study is to provide local authorities with municipal Sukuk as an alternative to financing local infrastructure and developing areas. This study reviews the previous literature examining contemporary municipal sukuk and Discussed issues related to restrictions on the issuance of municipal sukuk. The research shows that the barriers to municipal Sukuk issuance are: Regional Barriers, Credit risk, Political Risk, Credit Weakness among stakeholders, Lack of through understanding of Shariah and financing and implementation. It was an exploratory study and aimed to identify barriers to becoming municipal bonds. Blocks of municipal Sukuk are listed from all possible sources. The study proposes some practical ways to overcome the obstacles to the provision of municipal sukuk in order to promote more municipal sukuk in various regions of the country to support sustainable development through equitable infrastructure distribution.

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The Potential of Municipal Sukuk Issuance in Indonesia - A Review of Theoretical Research

Ulfah

2023

perisai

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Green sukuk in Saudi Arabia: Challenges and potentials of sustainability in the light of Saudi Vision 2030

Shalhoob

2023

JGR

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This research aimed to provide insights into the green sukuk in Saudi Arabia regarding its challenges and potential of sustainability in the light of Saudi Vision 2030 for financing green projects. Moreover, it examines the current framework adopted by the Saudi Electricity Company (SEC) for facilitating transition to a low–carbon economy and circular economy, empowering communities, and enabling responsible business practices. Due to the nature of the topic, the research followed the descriptive research design. The results indicated that the issuance of green sukuk faces some challenges including lack of a clear definition, lack of awareness of its benefits, absence of a standard for measuring it, lack of institutional capacity, and the long time required to structure and legalize it. Consequently, a clear definition and measurement standard should be presented. Furthermore, the results of this research have implications for researchers, governments, policymakers, industries, businesses, investors and regulators regarding the development and raising of green sukuk.

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Municipal Sukuk as a Model for Financing Municipalities and Public Service Institutions in Saudi Arabia

Cited by 2 publications

References 16 publications

The Potential of Municipal Sukuk Issuance in Indonesia - A Review of Theoretical Research

The Potential of Municipal Sukuk Issuance in Indonesia - A Review of Theoretical Research

Green sukuk in Saudi Arabia: Challenges and potentials of sustainability in the light of Saudi Vision 2030

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