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    Responsible finance sukuk—can they bring societal value to a value-neutral market?


    Richardson, Edana (2019) Responsible finance sukuk—can they bring societal value to a value-neutral market? Capital Markets Law Journal, 14 (3). pp. 394-428. ISSN 1750-7219

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    Abstract

    Conventional responsible finance provides investors with an opportunity to combine financial returns with broader societal impact in their investment activity. This emphasis on financial and extrafinancial considerations has led to suggestions that there are innate similarities between responsible finance and Islamic finance (as financial activity guided by religious principles). It has not been until recently, however, that the sukuk market has sought to establish its place within the wider responsible finance market. This has led to debut issuances of green, social and sustainability sukuk and the piecemeal development of precedents for future issuances. This article explores legal aspects of the nascent responsible finance sukuk market. In doing so, it provides an in-depth discussion of the legal structure of responsible finance sukuk issuances and reflects on claims that Islamic finance and responsible finance are naturally compatible.
    Item Type: Article
    Keywords: Responsible finance; sukuk; societal value; value-neutral market;
    Academic Unit: Faculty of Social Sciences > Law
    Item ID: 11729
    Identification Number: 10.1093/cmlj/kmz011
    Depositing User: Edana Richardson
    Date Deposited: 18 Nov 2019 12:15
    Journal or Publication Title: Capital Markets Law Journal
    Publisher: Oxford University Press
    Refereed: Yes
    Related URLs:
    URI: https://mu.eprints-hosting.org/id/eprint/11729
    Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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