Islamic Capital Markets: A Comparative Approach

  • 8h 10m
  • Abbas Mirakhor, Obiyathulla Ismath Bacha
  • John Wiley & Sons (US)
  • 2013

A comprehensive examination of Islamic capital markets

Taking 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.

In this Book

  • Founding Thoughts—Adam Smith, Capitalism, and Islamic Finance
  • The Capital Markets
  • Islamic Finance: Underlying Philosophy, Contracts, Instrument Design, and Requisites
  • The Interbank Money Markets
  • The Islamic Interbank Money Market (IIMM)
  • Bonds and Bond Markets
  • Sukuk and Sukuk Markets
  • Common Stocks and Equity Markets
  • The Islamic Equities Market
  • Derivative Instruments: Products and Applications
  • Shariah-Compliant Derivative Instruments
  • Exchange Rates and the Foreign Exchange Market
  • Capital Markets and Government Policy
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