Islamic finance has seen unprecedented growth in recent years and the pace of this growth is accelerating. This is evidenced not only by the size of the Islamic finance market, but also by the increasing range of sophisticated products and services. The markets for Shariah-compliant funds and takaful (Islamic insurance) are sectors in their own right.
Today, Islamic finance attracts sovereigns, financial institutions, multinationals, corporates and customers across the retail spectrum who are looking to tap Islamic liquidity from sukuk (Islamic bonds), corporate, retail, acquisition, development and project financings.
This second edition features fully updated, insightful chapters by leading practitioners in Islamic financing and analyses market trends, key developments and structures for sukuk, syndications, funds, takaful, project financing and Islamic liquidity management. New to the second edition are chapters on the regulation of Islamic finance and an overview of the sukuk market.
This unique title is essential reading whether you are already engaged in Islamic financing transactions or interested in understanding the Islamic finance market and the structures underpinning the world’s fastest-growing finance sector.
Innehållsförteckning
Preface 5
Rahail Ali
Hogan Lovells
Part 1. Islamic finance overview
Islamic finance: introduction to the market and key principles 7
Rahail Ali
Hogan Lovells
Legal issues and standards in Islamic finance 19
Rahail Ali
Hogan Lovells
Part 2. Equity and funds
Overview of Islamic asset management 31
Imtiaz Shah
Hogan Lovells
Sharia screening and Islamic equity indexes 41
Kamal MA Mian
Fast Cables Limited
Part 3. Finance
Islamic finance in the syndicated bank markets 59
Rahail Ali
Hogan Lovells
Islamic project finance 73
Shibeer Ahmed
Sajjad Khoshroo
White & Case LLP
Part 4. Capital markets
Islamic finance and documentation 91
Rahail Ali
Hogan Lovells
The global sukuk market and legal structuring considerations 109
Rahail Ali
Imran Mufti
Hogan Lovells
The sukuk market: resilience and resurgence – the foundations for future growth 119
David Testa
Armila Capital Limited
Part 5. Insurance
Takaful and conventional insurance: a comparative overview 137
Mamoon Ashraf
Michael Kortbawi
Rima Mrad
Bin Shabib & Associates (BSA) LLP
Islamic insurance products: a case study 161
Omar Clark Fisher
Khidr Solutions Consultancy
Part 6. Regulation
Malaysia and GCC regulation: comparisons and contrasts 175
Mustafa Kamal
Hogan Lovells
Regulating Islamic finance 183
Hari Bhambra
Praesidium LLP
About the authors 197