TY - JOUR AU - Boukhatem, Jamel PY - 2021/06/06 Y2 - 2024/03/28 TI - Sukuk Market and Economic Welfare Nexus: A Partial Equilibrium Approach JF - International Journal of Economics and Financial Issues JA - IJEFI VL - 11 IS - 3 SE - Articles DO - UR - https://www.econjournals.com/index.php/ijefi/article/view/11507 SP - 142-145 AB - <p>Due to its distinctive features and investment quality, sukuk as an Islamic alternative to bond financing, have known last decades a worldwide interest and a rapid widespread, particularly after the 2007-2008 global financial crisis. Despite the global market prevalence of sukuk, the literature on the sukuk – economic wealth nexus still inexistant. In this study, we develop a basic model that captures the welfare effects of sukuk markets. The main finding shows the importance of a well-developed sukuk market in hedging interest rate and inflation risks effectively and, thereby improving investor welfare.</p><p><strong>Keywords:</strong> Sukuk, Economic welfare, Partial equilibrium</p><p><strong>JEL Classifications:</strong> D53 G15 D60</p><p>DOI: <a href="https://doi.org/10.32479/ijefi.11507">https://doi.org/10.32479/ijefi.11507</a></p> ER -