The role of Islamic Sukuk in Achieving Economic Development - The Sudan's experience as a model

Abstract

The aim of this study is to highlight the role of Islamic instrument, as financial tool to achieve economic development and
mobilize financial resources. Instead of the traditional funding which depends on the interest rate; we have highlighted the
experience of Sudan by reviewing the most important sukuk issued by the government of Sudan. This study has concluded that the
sukuk have contributed to the coverage of many financial needs of the State of Sudan. Like the budget deficit. And infrastructure
projects financing and revitalize Khartoum Stock Exchange