Islamic Bonds: Your Guide to Structuring, Issuing and Investing in Sukuk
|December 03 2009|
Sukuk are the crest of a new wave of innovation in Islamic finance. The full potential of sukuk range of securities is far from realised. Find out how the market has and continues to develop to open new investor and issuer universes.
Islamic Bonds: Your Guide to Structuring, Issuing and Investing in Sukuk is essential reading for both those unfamiliar with Islamic finance applications, and includes advanced structures for those involved in structuring sovereign or corporate sukuk issues.
Sukuk are the crest of a new wave of innovation in Islamic finance and so Islamic Bonds Your Guide to Issuing, Structuring and Investing in Sukuk is a comprehensive guide that will ensure you understand:
Overview of the sukuk market
Modern sukuk, sometimes referred to as Islamic bonds, are better described as Islamic investment certificates. This distinction is as crucial as it is important, and it is stressed throughout this pioneering work that sukuk should not simply be regarded as a substitute for conventional interest-based securities.
The aim is not simply to engineer financial products that mimic fixed-rate bills and bonds and floating-rate notes as understood in the West, but rather to develop innovative types of assets that comply with Shari’a Islamic law.
What this means in practice will hopefully become apparent to readers of this book, but it is worth stressing here that the essential concepts are:
Islamic fixed-income securities are already emerging as a significant class of asset, and are as potentially important for the Muslim investor as conventional bonds are for investors generally. ...
We then examine the rules that distinguish sukuk from fixed-income instruments ranging from certificates of deposit to bonds and floating-rate notes. Also, we will examine why the approach to the trading of true debt is not shared uniformly between Malaysia and the Arabian Gulf.
There is a detailed study of sukuk in Chapter 2, ‘Sukuk: origins and distinctiveness’. With the knowledge of specific Islamic legal theories, sukuk may be structured to meet Islamic transactional rules relating to asset possession, measurement and transfer. ...
|Last Updated ( December 03 2009 )|
|< Prev||Next >|
|Aerospace Manufacturing and Design|
|Beverage World Magazine|
|Supply & Demand Chain Executive|
|NASA Tech Briefs|
|Renewable Energy World|
|Free Download Film|
|Sex for Dummies|
|The Old Man and The Sea|
|Kraft Foods Magazine|