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Sovereign, or corporate, Sukuk (or Islamic bonds) are becoming a wide-spread capital raising tool for an increasing number of entities wishing to finance projects. Recently, governments of some countries have expressed a very strong interest in issuing their first Sukuk. This highlights not only the potential of Islamic bonds in new geographies, but also how ethical they are in their nature. Faithful to the Islamic principles of using wealth to benefit all in society, Shari'ah-compliant finance continues to impose itself in the wider global landscape. This innovative new book is essential to understand how the world economy and therefore population - whether through governments or corporations - can benefit from Islamic bonds. It investigates and reviews the key market changes and developments in the sukuk market. This book goes further than any of the general books on sukuk that are available. It looks at how the sukuk market has evolved and where it is now, but most importantly it looks at regulation of the industry, defaulting sukuk and the implications. This valuable reference tool supplements general sukuk books and is essential for those involved with sukuk and who are looking to learn about how it has changed and what it means for them.