이슬람채권 수쿠크의 도입에 대한 검토

According to islamic law, Shariah, there are some religious restrictions such as prohibitions on collection of interest and speculative investment, and so on. Shariah-compliant Sukuk, also called islamic bond which is different from conventional corporate bond, has been used a means of corporate debt financing. Last decade, sukuk issuing has rapidly grown and is fast becoming part of global capital market. But sukuk defaults have risen in global financial crisis, there is need to adjust sukuk structure to strengthen protection of creditors and to fulfill more effective shariah-compliance in such a situation. In sukuk, some innovations have yielded that are able to function like as conventional corporate bond without violating the prohibition of collecting interest. At the same time, however, these innovations raise some problems on the difference of legal system and tax aspects and others, when non-islamic countries introduce sukuk to use abundant islamic capital. Some countries such as U.K, have already responded positively through amendment the related laws. We also have reviewed the problem that allow domestic corporations to issue sukuk, and tried to provide institutional support with revising the tax law. But there hasn't been much progress due to legal, cultural, religious matters. I would like to review sukuk as a means of islamic capital and consider matters on its introduction.