The growth of Islamic banking and finance has gained momentum throughout the last decade, particularly in the areas of Sukuk and securitization. Additionally to a large number of products for retail banking and investment instruments, securitization in the framework of the Islamic finance industry has developed a lot of momentum. In light of above, answer following problems:
(a) The Islamic capital market provides three (3) markets similar to conventional capital markets, illustrate them with the ex.
(b) Briefly describe the structure of Sukuk Al Ijarah?
(c) What is a special purpose vehicle?
(d) In brief discuss how the Mauritius government can benefit from Sukuk Al Ijarah?
(e) In brief discuss the major role of the Islamic International Rating Agency?