Financial Engineering in Islamic Finance the Way Forward: A Case for Islamic Derivatives has been envisioned as a sequel to Contracts and Deals in Islamic Finance: A Users Guide to Cash Flows, Balance Sheets, and Capital Structures. Product development in Islamic finance bas been based upon the usage of various sale and lease contracts and combinations of the same. In our current work, we explore the idea even further and look at structures based on the concept of wad.
Islamic banks need to develop structures that behave like options and futures, and the shariah community needs to look closely at issues related to forward sales. In this book, we have explored these avenues, made recommendations, and have hopefully encouraged some dialogue in this area.
Sobre o autor
Hussein Kureshi (Kuala Lumpur, Malaysia) obtained his degree in business administration at Stony Brook University in the US and a master’s degree in Islamic finance in Malaysia. He has extensive experience in consumer banking, credit risk management, loan origination, and monitoring for SME and commercial clients. Hussein has a lucrative banking career spanning over fifteen years, specializing in banking operations and management, with organizations such as Barclays Bank Plc (Pakistan), Bank Al Habib (Pakistan), Union Bank (Islamabad), Emirates Bank International (Islamabad), Standard Chartered Bank, Commerce Bank (New Jersey, United States), and Chase Manhattan Bank (New York, United States).