The Islamic capital market unit conducts research relevant to the capital market sector. The research focuses not only on theoretical aspects but also the practicality of these theories in the Islamic capital market industry. The unit deals with diverse areas of the capital market such as Sukuk, Islamic Wealth Management, Islamic Hedge Funds, Islamic Venture Capital, Sovereign Wealth Funds, etc.

The main research projects conducted under the Islamic capital market unit are as follows:

  1. A Synthesis of Shari`ah Issues & Market Challenges in the Application of Wa`ad (Undertaking) in Equity-Based Sukuk
  2. Development of Islamic Capital Markets in Offshore Jurisdictions: A Cross-Country Analysis
  3. A Critical Appraisal of Shariah Issues Related to Sukuk Al- Ijarah
  4. Application of Wa'ad in Equity-Based Sukuk: Empirical Evidence
  5. The Application of Commodity Murabahah in Bursa Suq Al-Sila’ Malaysia vis-a-vis Jakarta Future Exchange Shariah Indonesia: A Comparative Analysis
  6. The Concept and Operations of Swap as a Hedging Mechanism for Islamic Financial Institutions
  7. Sovereign Wealth Funds in Muslim and Non-Muslim Countries: Historical Perspective and Current Developments
  8. A Critical Analysis of the Resolution of the Shariah Advisory Council of the Securities Commission Malaysia: A Case Study of the Crude Palm Oil Futures Contract
  9. Shari'ah Issues in Intangible Assets and Their Application in Islamic Finance Institutions