Buch, Englisch, 208 Seiten, Format (B × H): 170 mm x 240 mm, Gewicht: 363 g
Buch, Englisch, 208 Seiten, Format (B × H): 170 mm x 240 mm, Gewicht: 363 g
ISBN: 978-1-292-00144-9
Verlag: FT Publishing International
A practical and accessible guide to Islamic finance that helps demystify the differences with conventional banking, enabling practitioners to develop Sharia compliant products for customers.
The Islamic Finance industry is estimated to be worth $1.2 trillion and is growing globally at over 10% per year. will give practitioners an understanding of Islamic finance, from the basic techniques, through to advanced applications. Helping to demystify and clarify the differences with conventional banking, it will enable practitioners to develop Sharia compliant products for customers.
According to Sharia law there are strict rules on how financial services and products can be designed; in Islamic Finance money cannot make money and the subject of the finance must be an asset or a verifiable, real trade or business activity. Sharia compliant financial instruments have been devised to enable Muslims to abide by the principles of Islam and still make the most of their money.
will equip readers with an understanding of Islamic financial instruments so they can sensibly apply them in practice. For each instrument there is a definition of the concept and how it differs from its equivalent in conventional banking. There are also examples and case studies to highlight practical applications.
Autoren/Hrsg.
Weitere Infos & Material
About the author
Publisher’s acknowledgements
Author's acknowledgements
Part 1: Background
1. The Islamic Finance Phenomenon
Introduction
The Islamic finance phenomenon
Why does Islamic finance exist?
Why is Islamic finance now a sizeable and growing market?
Key challenges facing the industry
Conclusion
2. Islam – key beliefs, principles and practices
Introduction
Belief system
Key practices – the five pillars of action
Importance of the and the
Interpretation of the
The role of scholars and supervisory boards in Islamic finance
Conclusion
3. How Islamic finance differs from conventional banking
The Islamic economic model
Key Islamic finance principles
Conclusion
4. Valid commercial contracts in Islamic finance
Introduction
Key conditions for validity of contracts
Integrity of contractual arrangements
Status and use of promises
Part 2: Islamic Finance in Practice
5. Key transaction types in Islamic finance
Introduction
Equity type: transactions
(Partnership; one party contributes capital)
(Partnership; both parties contribute capital)
Asset finance:
(Sale of an asset at a known profit mark up)
(Leasing of an asset)
(Sale of an item to be constructed or manufactured)
(Sale of fungible item yet to be produced)
Other key transaction types:
(Agent providing services to a Principal)
(Transferring a debt)
(Providing security)
(Providing a guarantee)
Conclusion
6.
Introduction
Definition
Mechanics of a transaction
Types of
Asset-based versus asset-backed
Sukuk and the secondary market
A strong future for
Conclusion
7. compliant investments and wealth management
Introduction
compliant investments
by
compliant estate distribution and Islamic wills
Conclusion
8. – Islamic insurance
Introduction
perspective on conventional insurance
– the Islamic alternative
models
Types of policy
The future of the industry
Conclusion
9. The future of Islamic finance
Introduction
Recommendations for success by IFSB and IDB/IRTI
Opinion pieces
The Christian view of usury
The future of Islamic finance
The secret to long term success: get the direction of travel right
Index
