Authors : Mahdi Fadaee and Hamideh Dehghani Samani
Abstract: Sukuk is a financing tool which is issued by real asset support and it is one of the tools which can be substituted instead of loan papers in the companies financing. Issuance of the rent Sukuk and Murabahah Sukuk can be accounted as a proper solution for the companies financing. Therefore, in this research in order to study the effect of applying the rent and Murabahah Sukuk on the company’s profitability in Iran’s capital market, the financial information of 26 companies listed on stock exchange that have proceeded to issue Sukuk till the date of providing this research was studied by using of panel data technique during the time span of 2008-2014. The results indicate that there is significant relation between financing through rent Sukuk and profitability. But there is not significant relation between financing through Murabahah Sukuk and profitability.
Mahdi Fadaee and Hamideh Dehghani Samani, 2016. The Effect of Applying the Islamic Bonds (Sukuk) on the Company’s Profitability in Iran’s Capital Market. International Business Management, 10: 6243-6249.