Public Finance and Islamic Capital Markets

Theory and Application
1. Auflage 2016
ISBN: 978-1-137-55341-6
Verlag: Palgrave Macmillan US

Buch, Englisch, 185 Seiten, Format (B × H): 153 mm x 216 mm, Gewicht: 3645 g

Reihe: Palgrave Studies in Islamic Banking, Finance, and Economics

This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth. Rizvi, Bacha, and Mirakhor guide readers chronologically through the unfolding effects of macroeconomic policy implemented to reduce crippling sovereign debt, increase government financing, and guide governments to the path of economic progress.

Zielgruppe

Research

Autoren/Hrsg.

Rizvi, Syed Aun R.

Mirakhor, Abbas

Bacha, Obiyathulla I.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Geisteswissenschaften Islam & Islamische Studien Islam & Islamische Studien

Inhaltsverzeichnis

1. Conventional Macroeconomic Policy.- 2. Islamic Macroeconomic Policies.- 3. Capital Markets: Conventional versus Islamic.- 4. Risk Sharing and Public Policy.- 5. Government Finance and the Debt Market.- 6. Government Finance and the Equity Market.- 7. Macro Market Application.- 8. Micro Market Application.- 9. Markets and the Way Forward.

Über Autor(innen)

Syed Aun R. Rizvi is Assistant Professor at Suleman Dawood School of Business at Lahore University of Management Sciences (LUMS), Pakistan.  He is also a Research Affiliate of Centre for Islamic Business and Finance Research (CIBFR) at the University of Nottingham Malaysia Campus. He brings to academia his fund management industry experience and a diverse teaching and research background spanning over three countries. His research focuses on capital markets in Islamic and emerging economies.
Obiyathulla I. Bacha is Professor of Finance at the International Centre for Education in Islamic Finance, Malaysia, and President of the Malaysian Finance Association. He has published extensively in academic journals and has written two textbooks: Islamic Capital Markets (with Abbas Mirakhor) and Financial Derivatives.
Abbas Mirakhor is First Holder of the INCEIF Chair in Islamic Finance at the International Centre for Education in Islamic Finance, Malaysia. He was the Executive Director and Dean of the Executive Board of the International Monetary Fund from 1984 to 2006.