Islamic Capital Markets

A comprehensive examination of Islamic capital marketsTaking 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.

1. The Capital Markets; Introduction and Overview2. Islamic Finance: Underlying Philosophy, Contracts, Instrument Design and Requisites3. Risk-Return Relationships and Capital Market Instruments4. Economics Indicators and Capital Market Dynamics5. The Interbank Money Markets6. The Islamic Interbank Money Market (IIMM)7. Bonds and Bonds Markets8. Sukuk and Sukuk Markets9. Common Stocks and Equity Markets10. The Islamic Equities Market11. Derivatives Instruments: Products and Applications12. Shariah Compliant Derivative Instruments13. Exchange Rates and the Foreign Exchange Market14. Structured Islamic Finance Products15. Takaful; Products and Operations16. Central Banks and Their Role in Capital Markets