Identification and analysis of important components in Redesigning Wakalah sukuk that can be issued in the capital market of the Islamic Republic of Iran
In recent years, the volume of issuance of various types of Islamic securities in the capital market of Iran has grown significantly, and this indicates that the attention of many companies has been directed to financing through the capital market. One of the important requirements for the development of financing through securities is the design of securities according to the characteristics of the applicants. Even though the board of directors of the stock exchange organization approved the instructions of attorney in 2018, the applicants for financing have not used the capacity of these bonds so far. While power of attorney is a widely used financing mechanism in Islamic countries. The purpose of this research is to redesign Wakalah sukuk according to the experience of its publication in Islamic countries. In this regard, by studying the laws, regulations and experiences of selected Islamic countries, the important components in the redesign of Wakalah sukuk were identified and classified into three categories: jurisprudence, legal and executive. Based on these components, the guidelines and decrees of the Jurisprudence Committee on Wakalah sukuk were analyzed, and finally, corrective solutions regarding the directives, the decrees of the Jurisprudence Committee and the resolution were presented.
کمیته فقهی سازمان بورس (1401). مصوبات کمیته فقهی سازمان بورس و اوراق بهادار. چ1، تهران، انتشارات سازمان بورس و اوراق بهادار.
موسوی بجنوردی، سیدمحمدحسن (1426ق). قواعدالفقهیه. چ2، قم، دلیل ما.
موسویان، سیدعباس (1391). بازار سرمایه اسلامی. چ1، تهران، سازمان انتشارات پژوهشگاه فرهنگ و اندیشه اسلامی.
موسویان، سیدعباس، حسینپور، محمد و کاوند، مجتبی (1392). اوراق بهادار (صکوک) وکالت؛ ابزاری مناسب برای تأمین مالی صنعت پتروشیمی. اقتصاد اسلامی، 12(47)، 103-130.
موسویان، سیدعباس، قلیچ، وهاب (1399). بررسی فقهی تضمین سود علیالحساب سپردههای سرمایهگذاری در بانکداری بدون ربا. فصلنامه پژوهشهای پولی و بانکی، 12(42)، 629-652.
هیئت مدیره سازمان بورس و اوراق بهادار (1390). دستورالعمل انتشار اوراق مرابحه.
هیئت مدیره سازمان بورس و اوراق بهادار (1398). دستورالعمل انتشار اوراق وکالت.
هیئت وزیران (1398). آیین نامه اجرایی قانون نحوه انتشار اوراق مشارکت.
AAOIFI (2017). Accounting and Auditing Organization for Islamic Financial Institutions, Sharia'a standards, 2017.
Ali, E. R. A. E., Azman, S. M. M. S., Zain, N. R. M., Hassan, R., & Kassim, S. (2019). Potential development of SRI sukuk models for higher learning institutions in Malaysia based on Wakalah and Waqf. Journal of Islamic Finance, No.8, 90-106.
Aydın, M. A. (2018). Sukuk Instrument In Islamic Finance. (Master's thesis, İstanbul 29 Mayıs Üniversitesi).
Farhand, M. Z., Nurjanah, P. L., & Nurcholis, M. (2020). Islamic finance in sustainable economy: Empowerment of Sukuk wakalah to build waste industry. Airlangga International Journal of Islamic Economics and Finance, 3(1), 52-67.
IIFM (2015). International Islamic Financial Market, A comprehensive study of the global sukuk market, 2015
IIFM (2021). International Islamic Financial Market, A comprehensive study of the global sukuk market, 2021
IIFM (2022). International Islamic Financial Market, A comprehensive study of the global sukuk market, 2022
ISRA (2017). sukuk principles and practices, Kuala Lampur.
Mishkin, Frederic S., Eakins, Stanley G.. (2016). Financial markets and institutions (9th ed.). Milan, Pearson.
Revised Capital Adequancy Standard for Institutions Offering Islamic Financial Services (2021). Islamic Financial Services Board (IFSB), NUM23.
SC (2015). Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework.
Ulusoy, A., & Ela, M. (2018). Secondary market of sukuk: An overview. International Journal of Islamic Economics and Finance Studies, 4(2), 17-32.
easaei, M., Tohidi, M., & Fereydooni, M. M. (2024). Identification and analysis of important components in Redesigning Wakalah sukuk that can be issued in the capital market of the Islamic Republic of Iran. Islamic Economics, 23(92), 129-162.
MLA
Milad easaei; Mohammad Tohidi; Mohammad Mahdi Fereydooni. "Identification and analysis of important components in Redesigning Wakalah sukuk that can be issued in the capital market of the Islamic Republic of Iran". Islamic Economics, 23, 92, 2024, 129-162.
HARVARD
easaei, M., Tohidi, M., Fereydooni, M. M. (2024). 'Identification and analysis of important components in Redesigning Wakalah sukuk that can be issued in the capital market of the Islamic Republic of Iran', Islamic Economics, 23(92), pp. 129-162.
VANCOUVER
easaei, M., Tohidi, M., Fereydooni, M. M. Identification and analysis of important components in Redesigning Wakalah sukuk that can be issued in the capital market of the Islamic Republic of Iran. Islamic Economics, 2024; 23(92): 129-162.