Publication Date: 2021/04/09
Abstract: Infrastructure challenge has been at the top of the priority of any nation. Problem of funding is the major constraint of education sector in Osun state which causes detrimental effect on the sector. The study examines the challenges faced in issuing Sukuk Ijarah in Osun State, Nigeria. The study uses qualitative method of data collection and the study use thematic analysis techniques to analyze the data collected through the use of interview. The study concludes that there is high level of challenges faced during the process of issuing and structuring of Sukuk in Osun state, the main challenges faced during the process of issuing Sukuk in Osun state are the implementation of central Shari’ah governance system, the preparation of suitable regulatory framework and the licensing processes. Therefore, the study recommends that there is highly need to have Shari’ah scholars who will satisfy the compliance of Sukuk issuance and provide legal rulings concerning a certain matter that may arise and the existing legal framework should always be complied with and improve to remain consistent with time and space.
Keywords: Challenges, Sukuk, Issuance, Osun, Nigeria
DOI: No DOI Available
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT21MAR027.pdf
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