Author: Andreas Jobst
Publisher: International Monetary Fund
ISBN: 1463948298
Category : Business & Economics
Languages : en
Pages : 33
Book Description
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law.
Operative Principles of Islamic Derivatives
Author: Andreas Jobst
Publisher: International Monetary Fund
ISBN: 1463948298
Category : Business & Economics
Languages : en
Pages : 33
Book Description
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law.
Publisher: International Monetary Fund
ISBN: 1463948298
Category : Business & Economics
Languages : en
Pages : 33
Book Description
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law.
Financial Engineering in Islamic Finance the Way Forward
Author: Hussain Kureshi
Publisher:
ISBN: 9781482828436
Category : Business & Economics
Languages : en
Pages : 0
Book Description
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 User's 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 wa'd. 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.
Publisher:
ISBN: 9781482828436
Category : Business & Economics
Languages : en
Pages : 0
Book Description
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 User's 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 wa'd. 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.
An Overview of Islamic Finance
Author: Mr.Mumtaz Hussain
Publisher: International Monetary Fund
ISBN: 1513565621
Category : Business & Economics
Languages : en
Pages : 35
Book Description
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
Publisher: International Monetary Fund
ISBN: 1513565621
Category : Business & Economics
Languages : en
Pages : 35
Book Description
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
Handbook on Islam and Economic Life
Author: M. Kabir Hassan
Publisher: Edward Elgar Publishing
ISBN: 1783479825
Category : Religion
Languages : en
Pages : 721
Book Description
øHandbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspect
Publisher: Edward Elgar Publishing
ISBN: 1783479825
Category : Religion
Languages : en
Pages : 721
Book Description
øHandbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspect
Understanding Islamic Finance
Author: Muhammad Ayub
Publisher:
ISBN: 9781119209096
Category : Economics
Languages : en
Pages : 516
Book Description
Publisher:
ISBN: 9781119209096
Category : Economics
Languages : en
Pages : 516
Book Description
Islamic Finance
Author: Usman Hayat
Publisher:
ISBN: 9781934667798
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN: 9781934667798
Category :
Languages : en
Pages :
Book Description
Contemporary Islamic Finance
Author: Karen Hunt-Ahmed
Publisher: John Wiley & Sons
ISBN: 1118240332
Category : Business & Economics
Languages : en
Pages : 400
Book Description
A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.
Publisher: John Wiley & Sons
ISBN: 1118240332
Category : Business & Economics
Languages : en
Pages : 400
Book Description
A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.
Islamic Financial System
Author: International Shariʻah Research Academy for Islamic Finance
Publisher:
ISBN: 9789673491278
Category : Banks and banking
Languages : en
Pages : 912
Book Description
Publisher:
ISBN: 9789673491278
Category : Banks and banking
Languages : en
Pages : 912
Book Description
Islamic Finance
Author: Hans Visser
Publisher: Edward Elgar Publishing
ISBN: 1786433508
Category : Business & Economics
Languages : en
Pages : 296
Book Description
In this extensively updated third edition, Hans Visser explores the ideas and concepts that drive and shape Islamic finance. This incisive book reviews the products, institutions and markets offered by Islamic finance in the modern marketplace, offering a critical discussion of the ways in which fiscal and monetary policy can be adapted to Islamic financial institutions. Visser offers new directions for economics and finance students, as well as students of Islamic finance and Islam studies more broadly.
Publisher: Edward Elgar Publishing
ISBN: 1786433508
Category : Business & Economics
Languages : en
Pages : 296
Book Description
In this extensively updated third edition, Hans Visser explores the ideas and concepts that drive and shape Islamic finance. This incisive book reviews the products, institutions and markets offered by Islamic finance in the modern marketplace, offering a critical discussion of the ways in which fiscal and monetary policy can be adapted to Islamic financial institutions. Visser offers new directions for economics and finance students, as well as students of Islamic finance and Islam studies more broadly.
Derivatives in Islamic Finance
Author: Sherif Ayoub
Publisher: Edinburgh University Press
ISBN: 0748695710
Category : Business & Economics
Languages : en
Pages : 272
Book Description
The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. Shedding light on the way the Islamic finance industry conceptualises the role of financial instruments in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling).
Publisher: Edinburgh University Press
ISBN: 0748695710
Category : Business & Economics
Languages : en
Pages : 272
Book Description
The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. Shedding light on the way the Islamic finance industry conceptualises the role of financial instruments in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling).