Contents

Growth o/Sukuk ond its ro/e in the Economic development o/ Pakistan. ...................................................... 2
introduction. .................................................................................................................................................................. 3
Types o/Sukuk. ............................................................................................................................................................. 4
4. Mudarobah Sukuk. .............................................................................................................................................. 4
2. Musharakah Sukuk. ..................................................................................................................................................... 4

J. Ijarah Sukuk. ................................................................................................................................................................... 4

4. Murabaha Sukuk ........................................................................................................................................................................ 5
Asset Based and Asset Backed Sukuk:..................... ................................... Error! Bookmark not defined.
/teroture Review ............................................................................................................................................................................... 5
Research Methodology ...................................................................................................................................................................... 8
Research Ouestions: .............................................................................................................................................................. 8
Research Objectives ............................................................................................................................................................................ 8
Growth of Sukuk in Pakistan ........................................................................................................................................................... 8
Fig 1: No of Sukuk Issued by year in Pakistan (Both P.P & Listed)........................................................................ 9
Fig 2: Status of Su kuk Issued in Pakistan (Amount in PKR Billion)......................................................................10

Fig 4: Issuance of Su kuk by year in Pakistan (In PKR Billions) ..................................................................... 11

Fig 5: Percentage change in issuance of sukuk year wise (Positive or Negative) .................
Findings/Results ............................................................................................................................................................................... 12
Discussions........................................................................................................................................................................................... 13
Conclusion ................................................................................................................................................... z4
References. .................................................................................................................................................................. 15

Page 1 of 15
Growth ofsukuk and its role in the Econo c tlevelopment of
Pakistan
Abstract:
In thc coursc of rcccnt dccadcs. thc Sukuk (Islamic sccurity or Islamic Bond) industy has riscn
as onc popular scgmcnt of an aggrcssiic and cxhaustiic Islamic Financial Markct. Thc
dev clopmciit of thc Sukuk (Islamic bond) in Pakistan has dcitionstrated a grcat add anceincnt in
thc coursc of thc last onc and half dccadcs. Actually. su0uk dciclop globally iiith a positixc
pattcrn. This inn estigation tciids to influciicc the ei aluation of dci elopinent of Sukuk for an
opponunity to casing of 10 years (2006 to 30 Jun 2016). For this rcason, e i ill acccntuatc on a
fen rcgions including thc dciclopincnt of suLuk. compare the grow th of Sukuk in terms of
inon,c find thc future outlook of Sukuk market in Pakistan. look for the most issucd Sukuk in
Pakistan and to point out the rolc of Sukuk ctc. in cconoinic dciclopincnt of Pakistan. In spitc of
thc quick dciclopmcnt of othcr moncy rclatcd instruincnts. ii c cxpcct thc dciclopmcnts of
Sukuk to outpace as this instrument gin es chances to beat a more extciisive inn estor.

Page 2 of 15