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This book focuses on forward lease sukuk, which is one of the most viable and dynamic Shari'ah-compliant instruments in the Islamic capital market. The idea of forward lease sukuk is to raise funds from non-existent assets whose subject matter does not exist at the time of the sukuk issuance. This book discusses the significant features of forward lease sukuk and demonstrates its vital contribution to project construction and manufacturing within the expanding field of Islamic finance.

Forward Lease Sukuk in Islamic Capital Markets: Structure and Governing Rules

Chapter 1. Introduction to Sukuk.- Chapter 2. An Overview of Islamic Capital Market (ICM) and Sukuk Industry.- Chapter 3. Sukuk in Islamic Capital Market.- Chapter 4. Types of Sukuk, Their Classification and Structure in Islamic Capital Market.- Chapter 5. Theory of Ijarah, Securitization and the Concept Financial Certificate.- Chapter 6. Forward Ijarah Sukuk: Concept, Issuance, Structuring and General Governing Rules.- Chapter 7. Major Principles, Terms and Conditions Governing Ijarah Sukuk Issuance as Practiced in the Islamic Capital Market.- Chapter 8. Forward Lease / Ijarah Sukuk: Issues, Challenges and Shariah Compliance.- Chapter 9. Sukuk Ijarah & Forward Lease Sukuk-Case Study.- Chapter 10. Conclusion, Recommendation and Policy Implication.- Appendix A. Securities Commission Malaysia Guidelines on Sukuk.- Appendix B. IFSB Requirements on Sukuk Issuance.- Appendix C. DFM Standard for Issuing, Acquiring and Tradin Sukuk.- Appendix D. Glossary.