Islamic Capital Markets

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Islamic Capital Markets: A Comparative Approach (Second Edition)

Author : Obiyathulla Ismath Bacha,Abbas Mirakhor
Publisher : World Scientific
Page : 403 pages
File Size : 48,8 Mb
Release : 2019-02-27
Category : Business & Economics
ISBN : 9789813274655

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Islamic Capital Markets: A Comparative Approach (Second Edition) by Obiyathulla Ismath Bacha,Abbas Mirakhor Pdf

Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.

Islamic Capital Markets

Author : Kabir Hassan,Michael Mahlknecht
Publisher : John Wiley & Sons
Page : 481 pages
File Size : 40,7 Mb
Release : 2011-04-04
Category : Business & Economics
ISBN : 9780470689578

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Islamic Capital Markets by Kabir Hassan,Michael Mahlknecht Pdf

Islamic Finance has experienced rapid growth in recent years, showing significant innovation and sophistication, and producing a broad range of investment products which are not limited to the complete replication of conventional fixed-income instruments, derivatives and fund structures. Islamic Finance represents an elemental departure from traditional interest-based and speculative practices, relying instead on real economic transactions, such as trade, investment based on profit sharing, and other solidary ways of doing business, and aims to incorporate Islamic principles, such as social justice, ecology and kindness, to create investment products and financial markets which are both ethical and sustainable. Products created according to Islamic principles have shown a low correlation to other market segments and are relatively independent even from market turbulences like the subprime crisis. Therefore, they have become increasingly popular with secular Muslims and non-Muslim investors, as highly useful alternative investments for the diversification of portfolios. In Islamic Capital Markets: Products and Strategies, international experts on Islamic Finance and Sharia'a Law focus on the most imminent issues surrounding the evolution of Islamic capital markets and the development of Sharia'a-compliant products. The book is separated into four parts, covering: General concepts and legal issues, including Rahn concepts in Saudi Arabia, the Sharia'a process in product development and the integration of social responsibility in financial communities; Global Islamic capital market trends, such as the evolution of Takaful products and the past, present and future of Islamic derivatives; National and regional experiences, from the world's largest Islamic financial market, Malaysia, to Islamic finance in other countries, including Germany, France and the US; Learning from Islamic finance after the global financial crisis; analysis of the risks and strengths of Islamic capital markets compared to the conventional system, financial engineering from an Islamic perspective, Sharia'a-compliant equity investments and Islamic microfinance. Islamic Capital Markets: Products and Strategies is the complete investors' guide to Islamic finance.

Fundamentals of Islamic Money and Capital Markets

Author : Azmi Omar,Muhamad Abduh,Raditya Sukmana
Publisher : John Wiley & Sons
Page : 219 pages
File Size : 48,6 Mb
Release : 2013-02-15
Category : Business & Economics
ISBN : 9781118504024

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Fundamentals of Islamic Money and Capital Markets by Azmi Omar,Muhamad Abduh,Raditya Sukmana Pdf

The first comprehensive guide to Islamic financial markets Based on the course taught at the International Islamic University Malaysia, this is the first book on Islamic finance to focus exclusively on money and capital markets. Covering basic concepts as well as current practices in Islamic financial markets, the book features case studies from real markets. It outlines the theory of money in terms of value, supply, and demand, while explaining the Islamic capital markets in terms of classifications, types of operations, valuations of securities, Islamic unit trust, ETFs, Islamic stock broking, and much more. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance The first guide to Islamic finance focused solely on money and capital markets An excellent introduction to money market principles for students in Islamic banking and finance, as well as researchers and current practitioners, Fundamentals of Islamic Money and Capital Markets is a vital resource on the subject.

Islamic Capital Markets

Author : Noureddine Krichene
Publisher : John Wiley & Sons
Page : 632 pages
File Size : 49,7 Mb
Release : 2012-11-28
Category : Business & Economics
ISBN : 9781118247167

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Islamic Capital Markets by Noureddine Krichene Pdf

A comprehensive look at the essentials of Islamic capital markets Bringing together theoretical and practical aspects of capital markets, Islamic Capital Markets offers readers a comprehensive insight into the institutions, instruments, and regulatory framework that comprise Islamic capital markets. Also exploring ideas about money, central banking, and economic growth theory and their role in Islamic capital markets, the book provides students and practitioners with essential information about the analytical tools of Islamic capital markets, serves as a guide to investing in Islamic assets, and examines risk management and the structure of Islamic financial products. Author and Islamic finance expert Noureddine Krichene examines the development of leading Islamic capital markets, including Malaysia, looking at sukuks and stocks in detail and emphasizing valuation, duration, convexity, immunization, yield curves, forward rates, swaps, and risks. Analyzing stock markets, stock valuation, price-earnings ratio, market efficiency hypothesis, and equity premiums, the book addresses uncertainty in capital markets, portfolio diversification theory, risk-return trade-off, pricing of assets, cost of capital, derivatives and their role in hedging and speculation, the principle of arbitrage and replication, Islamic structured products, the financing of large projects, and more. Emphasizes both theoretical and practical aspects of capital markets, covering analytical concepts such as the theory of arbitrage, pricing of assets, capital market pricing model, Arrow-Debreu state prices, risk-neutral pricing, derivatives markets, hedging and risk management, and structured products Provides students and practitioners of finance with must-have information about the analytical tools employed in Islamic capital markets Examines all the most recent developments in major Islamic capital markets, including Malaysia Discussing the advantages of Islamic capital markets and the prospects for their development, Islamic Capital Markets gives readers a fundamental grounding in the subject, with an emphasis on financial theory and real world practice.

Islamic Capital Markets

Author : Imam Uddin,Rabia Sabri,M. Ishaq Bhatti,Muhammad Omer Rafique,Muhammad AsadUllah
Publisher : Routledge
Page : 73 pages
File Size : 52,6 Mb
Release : 2022-01-16
Category : Business & Economics
ISBN : 9781000553468

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Islamic Capital Markets by Imam Uddin,Rabia Sabri,M. Ishaq Bhatti,Muhammad Omer Rafique,Muhammad AsadUllah Pdf

This book offers a unique, in-depth, and up-to-date overview of Islamic banking and finance, capital markets, and sukuks at the grassroots level. It deals with one of the most potent and increasingly popular financial instruments. It defines and explores the differences between conventional and Sukuk bonds and also examines the integration of Sukuk in various country contexts and both Muslim and non-Muslim economies. The book consists of five core topics. First, it describes the evolution of the Islamic finance industry and capital markets; second, it discusses the basic features and instruments of Islamic banking; and third, it illustrates the current state of capital markets and Islamic finance. The book then examines the development of Sukuk in Islamic capital markets and Shariah perspectives and, finally, briefly discusses the structure of Sukuks and its development in the context of Pakistan. In a nutshell, this book provides a basic understanding of Islamic financial instruments, their implementation in different regions, and their points of differentiation from conventional modes of finance; therefore, it will be a useful addition to the literature for scholars, researchers, and students of Islamic banking and finance.

Sukuk and Islamic Capital Markets

Author : Rahail Ali
Publisher : Globe Law and Business Limited
Page : 0 pages
File Size : 46,5 Mb
Release : 2011
Category : Business & Economics
ISBN : 1905783426

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Sukuk and Islamic Capital Markets by Rahail Ali Pdf

This practical title provides a comprehensive overview of the Islamic capital markets, tracking their development from the first sukuks to the current outlook after the global economic crisis and the recent Shariah rulings of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in relation to sukuk

Islamic Capital Markets

Author : Obiyathulla Ismath Bacha,Abbas Mirakhor
Publisher : World Scientific Publishing Company
Page : 0 pages
File Size : 51,6 Mb
Release : 2019
Category : Capital market
ISBN : 9813274638

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Islamic Capital Markets by Obiyathulla Ismath Bacha,Abbas Mirakhor Pdf

Founding thoughts : Adam Smith, capitalism and Islamic finance -- The capital markets : introduction and overview -- Islamic finance : underlying philosophy, contracts, instrument design, and requisites -- The interbank money markets -- The Islamic interbank money market -- Bonds and bond markets -- Sukuk and Sukuk markets -- Issues in Sukuk design and trading -- Common stocks and equity markets -- The Islamic equities market -- Derivative instruments : products and applications -- Shariah compliant derivative instruments -- Exchange rates and the foreign exchange market -- Capital markets and government policy

Islamic Capital Market

Author : Muhammad Hanif
Publisher : Independently Published
Page : 234 pages
File Size : 44,7 Mb
Release : 2020-08-22
Category : Electronic
ISBN : 9798677469541

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Islamic Capital Market by Muhammad Hanif Pdf

Islamic banking was started in the last quarter of the 20th century to cater the needs of Muslims around the world, although it is not limited to Muslims only. It has shown tremendous growth and expansion worldwide. The global volume of assets under the Islamic financial system has reached the figure of US$ 2.5 trillion by the end of 2018 (potential size is above US$ 9.0 trillion), depicting average yearly growth around 16% from 2010-18 [GIFR-2019]. Within eight years, the industry volume of assets is more than double. Islamic finance expands in allied financial sectors, including insurance, capital market operations (equity and Sukuk) and microfinancing in addition to the traditional banking sector. However, dominant share in assets under Islamic financial system is concentrated in the banking sector. According to IFSB (report-2019) share of banking in global Islamic financial services industry [volume 2.19 trillion] is 71.7%, followed by capital market operations with 27% [Sukuk 24.2% & Islamic funds 2.8%] and Islamic insurance (Takaful) 1.3%. Although it was started as merely an alternative option for Halal financing, now it has become a complete financial solutions industry and expanding day by day. There are multiple Sukuk [Islamic bonds] issues, including private and public sectors, alike. Islamic indices based on Shari'ah compliance filters are developed globally in Muslim and non-Muslim countries. Firms engaged in screening of Shari'ah compliant equities include DJIM, S&P, MSCI, FTSE and Bloomberg in addition to multiple country-specific Islamic indices. Important regions which contribute in global Islamic financial services industry include GCC (42.3%), Asia (28.2%), MENA-ex GCC (25.1%) and balance (4.4%) from rest of the world [IFSB-2018].This book is result of a decade of teaching Islamic banking & finance course to under graduation & Master in Business classes. The book is written with a clear focus on learning the concept of Islamic capital market and investments by accounting, banking, business and finance students & professionals. Chapter-1 introduces the basics of capital market. Shari'ah perspective on capital market is introduced in chapter-2, along with developments in the area of Islamic capital market. Chapter-3 presents critical review of Shari'ah screening methodology of multiple agencies. Chapter-4 is dedicated to elaborate discussion on sukuk certificates Chapter 5-7 address financial calculations in the areas of required returns, asset valuation and portfolio selection. Chapter-8 introduces mutual funds. Portfolio performance evaluation is presented in chapter-9, while last chapter discusses financial analysis of a company. In this edition, due attention has been given to present material in reader friendly mode, in addition to thorough review of content, exercises and figures. Increased number of multiple-choice questions and mini cases also form part of updated edition. This book is useful for business as well as for banking/finance graduates and practitioners of Islamic banking & finance. It is also useful for accounting & finance professionals, trainers in Islamic banking, regulators, investors, corporate managers and general public, interested in understanding Islamic finance.

Forward Lease Sukuk in Islamic Capital Markets

Author : Ahcene Lahsasna,M. Kabir Hassan,Rubi Ahmad
Publisher : Springer
Page : 285 pages
File Size : 43,7 Mb
Release : 2018-09-15
Category : Business & Economics
ISBN : 9783319942629

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Forward Lease Sukuk in Islamic Capital Markets by Ahcene Lahsasna,M. Kabir Hassan,Rubi Ahmad Pdf

This book focuses on forward lease sukuk, which is one of the most viable and dynamic Shari’ah-compliant instruments in the Islamic capital market. The idea of forward lease sukuk is to raise funds from non-existent assets whose subject matter does not exist at the time of the sukuk issuance. This book discusses the significant features of forward lease sukuk and demonstrates its vital contribution to project construction and manufacturing within the expanding field of Islamic finance.

Islamic Capital Markets

Author : Nafis Alam,Syed Aun R. Rizvi
Publisher : Springer
Page : 126 pages
File Size : 40,8 Mb
Release : 2016-07-26
Category : Business & Economics
ISBN : 9783319339917

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Islamic Capital Markets by Nafis Alam,Syed Aun R. Rizvi Pdf

This book addresses contemporary empirical issues in Islamic stock markets including volatility, efficiency and Sukuk defaults. The studies contained within this book consider a combination of pure Islamic stock markets and comparative studies, with reference to their conventional counterparts. The authors provide up-to-date, robust, accurate, reliable empirical enquiries addressing current issues of stock markets as well as providing up to date information and statistics to support future development and research. The book also covers a chapter on the current trends in research in Islamic capital markets, which analyses some recent and leading works to highlight and indicate the gaps in research that require further exploration. This book will be of value to all those who wish to gain a more thorough understanding of research in Islamic capital markets and the major topics in the field.

Islamic Capital Markets

Author : Marjan Šīrmuḥammadī,Beebee Salma Sairally,Farrukh Habib
Publisher : Unknown
Page : 758 pages
File Size : 41,6 Mb
Release : 2015
Category : Capital market
ISBN : 9673496528

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Islamic Capital Markets by Marjan Šīrmuḥammadī,Beebee Salma Sairally,Farrukh Habib Pdf

La 4è de couv. indique : "One of the predicaments that readers on the Islamic Capital Market (ICM) face is a lack of comprehensive and quality literature that combines theoretical insight with practical knowledge of the market's operations. The textbook in your hand is a remarkable effort by the International Shari'ah Research Academy for Islamic Finance (ISRA) in collaboration with Securities Commission Malaysia to answer this call. It systematically presents the various aspects of the theory of ICM and its operations by starting with the simplest ideas and moving on to the complex applied issues. The topics covered include : an overview of ICM and its development ; Shari'ah principles, contracts and issues ; regulatory and governance frameworks ; risk management, accounting and taxation issues ; details on different segments of the ICM, including şukük, Shari'ah-compliant stocks, Islamic fund management, Islamic private equity and venture capital, Islamic derivatives and Islamic structured investment products ; and future directions for the ICM. The discussion is not confined to any specific jurisdiction ; rather, it provides a comparison and analysis of the relevant issues across different countries. The presentation is illustrative, aided by numerous charts, figures, tables, diagrams and case studies. It is believed that this new textbook on ICM will go a long way in filling a crucial information gap and quenching the knowledge needs of academics, practitioners and regulators."

Islamic Capital Markets and Products

Author : Simon Archer,Rifaat Ahmed Abdel Karim
Publisher : John Wiley & Sons
Page : 328 pages
File Size : 40,7 Mb
Release : 2017-10-16
Category : Business & Economics
ISBN : 9781119218814

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Islamic Capital Markets and Products by Simon Archer,Rifaat Ahmed Abdel Karim Pdf

Ensure Basel III compliance with expert analysis specific to Islamic Finance Islamic Capital Markets and Products provides a thorough examination of Islamic capital markets (ICM), with particular attention to the products that they offer and the legal and regulatory infrastructure within which they operate. Since Islamic banks act as asset managers, attention is paid to the regulatory challenges which they face in the light of Basel III, as regards both eligible capital and liquidity risk management. The authors of the chapters are professionals and practitioners, and write from experience. The editors also contributed to some of the chapters. The markets and products covered include Islamic equities, Islamic investment certificates (Sukūk) which are Shari'ah compliant alternatives to conventional bonds, and Islamic Collective Investment Schemes. The coverage of legal and regulatory issues includes an examination of the implications for ICM of securities laws and regulations and of Basel III, as well as collateralisation issues. Shari'ah compliance aspects, in terms both of the selection criteria for Islamic equities and of the 'purification' of impermissible components of income, are also examined in some detail, as are the implications of Basel III for eligible capital in general and for Shari'ah compliant capital instruments in particular. A similar analysis is also made of the implications of the Basel III requirements for liquidity risk management and high quality liquid assets (HQLA), including Shari'ah compliant HQLA. The book concludes with three case studies, two describing the ICM in Malaysia and Bahrain and a third which describes Sukūk issued as Shari'ah compliant capital instruments, followed by brief concluding remarks by the editors.

Islamic Capital Markets and Risk Management

Author : Michael Mahlknecht
Publisher : Unknown
Page : 150 pages
File Size : 52,7 Mb
Release : 2009
Category : Capital market
ISBN : 1906348170

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Islamic Capital Markets and Risk Management by Michael Mahlknecht Pdf

This Executive Report offers for the first time a complete and integrated view on all aspects of Islamic investing and risk management, focusing on all currently existing types of Islamic financial products worldwide. It is a valuable guide for both Islamic and conventional financial institutions.

Public Finance and Islamic Capital Markets

Author : Syed Aun R. Rizvi,Obiyathulla I. Bacha,Abbas Mirakhor
Publisher : Springer
Page : 185 pages
File Size : 42,6 Mb
Release : 2016-11-01
Category : Business & Economics
ISBN : 9781137553423

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Public Finance and Islamic Capital Markets by Syed Aun R. Rizvi,Obiyathulla I. Bacha,Abbas Mirakhor Pdf

This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth. Rizvi, Bacha, and Mirakhor guide readers chronologically through the unfolding effects of macroeconomic policy implemented to reduce crippling sovereign debt, increase government financing, and guide governments to the path of economic progress.

Islamic Financial Markets (Rle Banking and Finance)

Author : Rodney Wilson
Publisher : Routledge
Page : 258 pages
File Size : 40,8 Mb
Release : 2012-05-25
Category : Business & Economics
ISBN : 9780415530194

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Islamic Financial Markets (Rle Banking and Finance) by Rodney Wilson Pdf

The first comparative survey of the experiences of Islamic banking across the Muslim world, covering Turkey, Egypt, Kuwait, Jordan, Sudan, Iran, Pakistan and Saudi Arabia.