Professor Mohammad Hashim Kamali is the founding chairman and CEO of the International Institute of Advanced Islamic Studies (IAIS) in Malaysia, and is a leading authority in Islamic jurisprudence, Islamic finance and human rights in Islamic law. A. K. Abdullah is an Assistant Research Fellow at the IAIS and previously lectured at the University Sains Islam Malaysia (USIM).

• PrefaceIntroduction1. The 'ping-pong' of the asset backed/asset-based sukuk debate and the way forward2. Unresolved Shari'ah issues in sukuk structuring 3. Sukuk: Perception, Innovation and Challenges4. Sukuk and Bonds: A comparison5. Measuring Shari'ah compliance in Sukuk Ratings: A Survey of Existing Methodologies 6. Concession Rights as Underlying Assets for Sukuk7. The case for receivables-based sukukInterviews1. Abbas Mirakhor - 'Sukuk: Issues & Reforms' by Sheila Ainon Yussof 2. Raja Teh Maimunah - 'Issues in the prevailing Financial architecture with special reference to Sukuk' by Zarina NallaContributors' BiographiesTransliteration tableGlossary Index

"In a relatively short space of time the sukuk industry has become the most vibrant chapter of IBF. Rapid progress has, however, given rise to very many questions. This book provides insightful responses to topical questions that the students and scholars of Shariah would find refreshing and relevant." - Sheikh Nizam Yaqubi, Shariah scholar and advisor to numerous Islamic financial and institutions worldwide.