The purpose of this study is to evaluate the Dubai Dof Sukuk from a Shariah perspective. It examines the impact of the Dubai government's commitment to repurchase the sold assets at the same selling price and investigates whether the overall transaction, composed of a group of contracts, circumvents the prohibition of riba (usury).

The study uses a descriptive comparative approach, analyzing the Dubai Dof Sukuk and comparing them to Shariah's opinions and standards.

The study has found that Dubai Dof Sukuk is designed as an exploitation sale, and cannot be adapted as an inverse Bay’ al-inah due to the formal differences between them. Additionally, the Dubai government's commitment to repurchase the asset at its face value to extinguish Dubai Dof Sukuk makes it one of the ways of circumventing usury (riba).

Title

مجلة الدراسات الفقهية والقانونية

Publisher

المعهد العالي للقضاء

Publisher Country

Oman

Publication Type

Prtinted only

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Year

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Pages

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