Dr. Khansari said one of the suitable capacities for financing the government and economic enterprises is to use Islamic securities or international sukuk, which has received a lot of attention in the last decade due to the growth of the Islamic financial industry. He added this type of sukuk is a sukuk that is issued outside the country of the issuer and is distributed among investors in different countries.

He stated fortunately in our country with enacting the necessary laws in the capital market and providing the necessary infrastructure, domestic Sukuk was issued in the form of various types such as Ijarah bonds, Murabaha bonds, parallel Salam bonds and Islamic treasury bonds and investors and issuers welcome them well.

Despite the growth of the market in the field of domestic sukuk, so far we have not had an effective presence in the international arena, while some Islamic countries including the UAE, Malaysia, and Saudi Arabia have issued large volumes of international sukuk and used it to finance their projects and economic infrastructure.

This Islamic banking expert stressed one of the important aspects of the international sukuk market that should be considered is the jurisprudential and religious dimensions of this market. In a research based on Sharia method of multi-stage ijtihad, firs Sharia views of the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI) as a standardizing reference in the field of Islamic finance on the one hand and the views of Sharia Committee of the securities and Exchange Organization on the other hand in relation to Sharia aspects of international sukuk were extracted and then the challenges and important Sharia issues in this field were studied and analyzed in order to extract appropriate solutions to solve the jurisprudential challenges.

Dr. Khansari mentioned one of the jurisprudential aspects of international sukuk is the transfer of ownership of basic assets and the actual sale of sukuk, which is one of the serious needs in this field. Moreover, the return rate and the floating interest rates are among the jurisprudential issues that are associated with challenges in international Sukuk.

He said the obligation to purchase and guarantee, the formation of basic assets extraction and the penalty for late payment are other jurisprudential aspects of international sukuk that need to be considered appropriately to solve them.

Dr. Khansari suggested that in order to study the jurisprudential aspects of international Sukuk and other areas of international Islamic finance in a more specialized way, the International Office of the Sharia Committee of the Securities and Exchange Organization should be established to strengthen relations with international regulators in the field of Islamic finance and provides Sharia standards at international level and designs innovative jurisprudential structures to issue international sukuk.

He also suggested that a specialized jurisprudential center in the field of international Islamic finance be established in cooperation with the Sharia council of the Central Bank and the Sharia Committee of the Securities and Exchange Organization through a specialized institution like the Iranian Association of Islamic Finance.

He said that in order to obtain these standards in the field of securities and other Islamic financial instruments, it is necessary to develop interaction with institutions such as the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI), the Board of Islamic Financial Services (IFSB) and the International Islamic Financial Market (IIFM)), so that we can use them by localizing global standards.