A comprehensive examination of Islamic capital markets
Taking a comparative approach to the subject, this text looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each particular 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, this approach also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.
Ideal for both students and current practitioners, The New Islamic Capital Markets fills a large gap in the current literature on the subject. Whereas most books in this field cover the topic only superficially, this book offers the depth of coverage and academic rigor needed by professionals and serious students.
* Fills a gap in the current literature on the subject with comprehensive coverage and in-depth explanations
* Takes a comparative and holistic approach to the subject and features case studies from Malaysia, Indonesia, the Middle East, and Europe
* Written by a professor of finance at the International Centre for Education in Islamic Finance (INCEIF)
One of the few comprehensive, dedicated guides to the subject available, The New Islamic Capital Markets offers a full understanding of the subject for students and professionals alike.
विषयसूची
1. The Capital Markets; Introduction and Overview
2. Islamic Finance: Underlying Philosophy, Contracts, Instrument Design and Requisites
3. Risk-Return Relationships and Capital Market Instruments
4. Economics Indicators and Capital Market Dynamics
5. The Interbank Money Markets
6. The Islamic Interbank Money Market (IIMM)
7. Bonds and Bonds Markets
8. Sukuk and Sukuk Markets
9. Common Stocks and Equity Markets
10. The Islamic Equities Market
11. Derivatives Instruments: Products and Applications
12. Shariah Compliant Derivative Instruments
13. Exchange Rates and the Foreign Exchange Market
14. Structured Islamic Finance Products
15. Takaful; Products and Operations
16. Central Banks and Their Role in Capital Markets
लेखक के बारे में
PROFESSOR DR. OBIYATHULLA ISMATH BACHA is currently Professor of Finance and the Head of the Graduate Studies Department at the International Centre for Education in Islamic Finance (‘INCEIF’), a post graduate university specialising in Islamic Finance, established by Bank Negara Malaysia. Prior to joining INCEIF, he was the Director of the International Islamic University Malaysia Management Center. Professor Obiyathulla began his working career as a Credit Officer at Maybank. Subsequent to completing his doctoral studies he was appointed an Assistant Professor of Finance at Boston University, where he taught at both the MBA and undergraduate levels and was awarded the Allen E. Beckwith Award for Teaching.
Professor Obiyathulla is currently President of the Malaysian Finance Association. He has also been a trainer at several institutions such as the Securities Commission of Malaysia and the Central Bank of Malaysia. Internationally, he has conducted training programs in Islamic Capital Markets at the University of Luxembourg, The Chinese University of Hong Kong, Waseda University, Japan, IDB Jeddah and elsewhere. He has published scholarly articles in numerous local and international journals and has presented papers at several international and Islamic finance conferences
.Professor Obiyathulla is a member of the Shari’ah panels of Great Eastern Assurance Corp. Malaysia , HSBC Amanah, Malaysia and Five Pillars, Singapore. He received his Doctor of Business Administration (Finance), Master of Business Administration (High Honours) and Master of Arts (Economics) from Boston University and Bachelor of Social Science from the Science University of Malaysia in Penang.
DR ABBAS MIRAKHOR, born in Tehran, Islamic Republic of Iran, attended Kansas State University, where he received his Ph D in economics in 1969. From 1969 to 1984, he taught in various universities in the U.S. and Iran. From 1984 until 1990, he served on the staff of the IMF, and from 1990 to present; he has been the Executive Director for Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, and Tunisia. Dr Mirakhor is the co-editor of Essays on Iqtisad: Islamic Approach to Economic Problems (1989), and Theoretical Studies in Islamic Banking and Finance (1987). He has received several awards including ‘Order of Companion of Volta’ for service in Ghana, conferred by the President of Ghana in 2005; Islamic Development Bank Annual Prize for Research in Islamic Economics, shared with Mohsin Khan in 2003, and ‘Quaid-e Azam’ star for service to Pakistan, conferred by the President of Pakistan in 1997.
He is currently the First Holder of the Chair of Islamic Finance in INCEIF.