Book description
A very accessible and concise guide to Islamic finance
Contracts and Deals in Islamic Finance provides a clear breakdown of Islamic financial contracts and deal structures for beginners. The embedded requirements within selected Islamic financial contracts, such as risk weightage, capital structures, creations of cash flows, and balance sheets, are explained fully to provide a solid understanding of the backbone of the industry. Aimed primarily at beginners and those with a background in conventional banking, this book guides readers through the major contracts, how they're applied, and how to discern a contract's legitimacy. Case studies and interviews with bankers and global regulators provide real-life examples of contract application, and the author's own experiences provide deep insight into the everyday issues that arise. Ancillary instructor's materials include PowerPoint slides and lecture notes that facilitate use in the classroom.
Literature describing the application of Islamic financial contracts is few and far between, and those providing a basic breakdown of these contracts and questioning their validity are rarer still. This book is the first of its kind, offering a basic approach to understanding Islamic contracts, designed for the true beginner.
Understand the current contracts applied in Islamic banking
Learn how contracts are applied across different jurisdictions
Identify illegitimate contracts and those not in the spirit of Shariah law
Examine the current economic realities surrounding Islamic finance
By highlighting the underlying themes in Islamic finance and assessing the current practices, this book gives readers the solid understanding and up-to-date perspective that form a solid foundation upon which successful Islamic finance is practiced. For a solid introduction to the Islamic finance industry, Contracts and Deals in Islamic Finance is an accessible, practical guide.
Table of contents
- Title Page
- Series Page
- Copyright
- Dedication
- Foreword
- Preface
- Acknowledgments
- Product Offerings
- Introduction
- Chapter 1: The Islamic Finance Space
- Chapter 2: Bai al Inah
- Chapter 3: Murabahah, Bai Mu'ajjal, and Bai Bithman Ajil
- Chapter 4: Tawarruq
- Chapter 5: Deferred Payment Sale or Credit Sale
- Chapter 6: Bai al Wafa
- Chapter 7: Salaam and Istisna: Deferred Delivery Sale
- Chapter 8: Bai al Sarf
- Chapter 9: Bai al Dayn
- Chapter 10: Bai al Urbun
- Chapter 11: Ijarah and Its Variants
- Chapter 12: Wadiah
- Chapter 13: Qard
-
Chapter 14: Mudharabah
- Simple Application of Mudharabah
- Perpetual Mudharabah
- Re-Mudharabah
- Restricted Mudharabah and Unrestricted Mudharabah
- Mudharabah as a Deposit
- Mudharabah as a Fund
- Interbank Mudharabah Placements
- Indicative Rate of Return
- Profit Sharing Ratio
- Importance of Disclosure and Accounting Treatments
- Mudharabah as an Asset Product
- Accounting Treatment of Mudharabah Transactions
- Conclusion
- Chapter 15: Musharakah
- Chapter 16: Hibah
- Chapter 17: Kafalah
- Chapter 18: Wakalah, Hawalah, Ibra, and Rahn
- Chapter 19: Shariah: Sources, Interpretation, and Implementation
- Chapter 20: Islamic Asset Management and Shariah Screening
- Chapter 21: Pricing, Income Distribution, and Risk Sharing in Islamic Banks
- Chapter 22: Sukuk and Rights of Sukuk Holders
- Chapter 23: Risk Management for Islamic Banks
- Chapter 24: Asset/Liability Management for Islamic Banks
-
Chapter 25: Takaful
- Contract of Agency
- Shariah Issues with Insurance
- Contract of Tabarru
- Product Menu
- General Takaful Business Model
- Concepts Related to Takaful
- The Rights of the Fund over the Participant and the Rights of the Participant over the Fund
- Pricing General Takaful Plans
- Observations of General Takaful
- Family Takaful
- Basic Accounting Entries for Takaful
- Takaful Operator Models
- Distribution of Underwriting Surplus
- Conclusion
- Chapter 26: Pricing of Takaful Policies and Retakaful
- Afterword
- About the Authors
- Bibliography
- Index
- End User License Agreement
Product information
- Title: Contracts and Deals in Islamic Finance: A User s Guide to Cash Flows, Balance Sheets, and Capital Structures
- Author(s):
- Release date: March 2015
- Publisher(s): Wiley
- ISBN: 9781119020561
You might also like
book
Handbook of Finance: Financial Markets and Instruments
Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative …
book
Fundamentals of Financial Instruments: An Introduction to Stocks, Bonds, Foreign Exchange, and Derivatives
The essential guide to financial instruments, logically presented Fundamentals of Financial Instruments deals with the global …
book
Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options
Analysis and insights from top thought leaders on a pivotal topic in investing and asset management …
book
The Art of Company Valuation and Financial Statement Analysis: A Value Investor's Guide with Real-life Case Studies
The Art of Company Valuation and Financial Statement Analysis: A value investor's guide with real-life case …