المستخلص: |
Islamic Sukuk are regarded as one of the Shariah-compliant financial instruments, notably, in the last three decades where their market has witnessed a significant expansion due to provision demands of economic development and financing of the government budget deficit. This research aims to provide an overview of the Islamic Sukuk concept in general, and of the role of this sukuk in financing budget deficits, in general and infrastructure projects, in particular, specifically in Malaysia, considering that this country has a pioneer experience in this field. It concludes that there is an innovation possibility in the Islamic Sukuk formula on the ground that it could help avoid foreign financing risks, contribute to domestic financial market development, finance major projects, and address budget deficits. The descriptive and analytical approaches are used in this study, to collect, analyze, classify, and present the topic related data and information.
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