There are some controversy in Sukuk instrument and trading mechanisms, especially in the secondary market. The trading mechanisms for example are basis usually are dominated by bai al dayn concept, the concept that is against the Islamic law. Much of the motives to adopt this concept are to attract conventional investors demand for familiarity in trading mechanism with conventional bond.. The fact, the trading mechanism that fully complies with the shariah law and also Islamic accounting standard would probably cause anxiety to conventional investors that comprise much of the investors profile in this contemporary financial environment. With this research analysis , the authors try to elaborate the concept trading mechanism to sukuk in the secondary market

Sukuk, trading, mechanism, Islamic

• Dr. Mohamad Heykal, S.E., M.Si., CertDA

• Lidiyawati, S.E., M.Sc., CertDA