Barriers for implementing Sukuk (Islamic bonds) across Lebanon
by Dina Naser; Ibrahim Tabsh; Elias Moukayed; Nizar Najem
J. for Global Business Advancement (JGBA), Vol. 7, No. 1, 2014

Abstract: Sukuk are believed to be the main engine of growth behind the expansion of Islamic finance globally, however, it has so far failed to take prominence in Lebanon. This research aimed to investigate the perceptions of the public and banking experts and to understand the barriers hindering its introduction into the local market once regulated. Three hypotheses were developed to test whether investors would accept Sukuk. Results confirmed that both the public and experts believed that Sukuk had a good potential in the Lebanese market if issues such as the credibility of the issuer could be assured to investors, and if comprehensive regulations were formulated to manage Sukuk. The public were concerned about lower returns. The experts expressed concerns about the lack of secondary markets and the inability of Lebanon to tap into the global Sukuk market given its unstable economic and political environments and the absence of qualified expertise.

Online publication date: Thu, 05-Jun-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for Global Business Advancement (JGBA):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com