book

Contracts and Deals in Islamic Finance: A User s Guide to Cash Flows, Balance Sheets, and Capital Structures

by Mohsin Hayat, Hussein Kureshi

March 2015

Intermediate to advanced

300 pages

9h 35m

English

Wiley

Read now

Unlock full access

Modern Phase of Islamic Finance

Definitions of Bai al InahBai al Inah Process FlowLegal Issues with Bai al InahBai al Inah as a Financial ProductTransfer of OwnershipDocumentation InvolvedResolutions on Bai al InahConclusion
Murabahah Sale/Credit Sale/CreditEnhancements to MurabahahMurabahah Working CapitalCredit-Based Sale/Markup or RibaBonafide Murabahah/True SaleTrading House ModelFinancial Services Division of a Manufacturer or RetailerBai Bithman AjilBBA with InahConclusion
Issue of Price FixingTransfer of TitlePayment of Sales TaxApplications of Tawarruq in Banking ProductsReal Economic ActivityConclusion
Accounting Entries for Murabahah by Purchase OrdererAccounting Entries for a Bai al Inah ContractPricing of Deferred Sales under Murabahah, BBA, Inah, and TawarruqRisk Treatment of Deferred Payment SalesFixed Income PortfolioConclusion
Financial Assets as Subject of SaleBai al Wafa and Sale of EquitiesBai al Wafa and Sale of SukukConclusion
SalaamIstisnaConclusion
Basic Rulings on Bai al SarfConclusion
Purchase Price, Rental Payments, Receivables, and DebtRental Payments Due in an Ijara ContractFinancial ProductsSale of EquityConclusion
Conclusion
Normal IjarahAccounting Entries for Ijarah ContractIjarah Muntahiya Bi TamleekAl Ijarah Thumma al Bai (AITAB)Sale and LeasebackConclusion
Forms of WadiahEnhancements to WadiahMoney CreationConclusion
Applications of the Contract of QardQard as a Deposit InstrumentRecording of QardConclusion
Simple Application of MudharabahPerpetual MudharabahRe-MudharabahRestricted Mudharabah and Unrestricted MudharabahMudharabah as a DepositMudharabah as a FundInterbank Mudharabah PlacementsIndicative Rate of ReturnProfit Sharing RatioImportance of Disclosure and Accounting TreatmentsMudharabah as an Asset ProductAccounting Treatment of Mudharabah TransactionsConclusion
Musharakah and BankingMushrakah as Asset ProductPooling of Assets in MushrakahMushrakah MutanaqisahConclusion
Forms of HibahRestrictions on HibahApplications of Hibah in BankingEnhancements to HibahConclusion
Who Can Be a Guarantor?Products Based on KafalahBack-to-Back GuaranteesConclusion
WakalahHawalahIbraRahnConclusion
Modern-Day IjtihadWhose Shariah Is It, Anyway?Conclusion
Capital MarketsIPO StageMarket IntegrityMarket RegulationValuationsZero Sum GameThe Role of Capital Markets in the Sphere of Islamic FinanceFarmer Sukuk or Equity NotesConclusion
Pricing of Islamic Financial ProductsPrice versus ShariahBenchmark for PricingCriticism on Pricing ModelsProfit Equalization ReserveIncome DistributionRisk Sharing in Islamic BanksConclusion
Rights of Lenders in Debt FinancingRights of Equity HoldersRights of BondholdersUse of Subsidiary Companies and Special-Purpose VehiclesHow Sukuk Financing Could Work?Sale and LeasebackThe Role of the SPVOther Sukuk StructuresIstisna SukukSimple SukukConclusion
Credit RiskMarket RiskLiquidity RiskProfit-Sharing Investment AccountConclusionReferences
Gap LimitSpot Rates and Forward RatesFunding ScenariosShort-Term and Long-Term RatesTime Value of MoneyConclusion
Contract of AgencyShariah Issues with InsuranceContract of TabarruProduct MenuGeneral Takaful Business ModelConcepts Related to TakafulThe Rights of the Fund over the Participant and the Rights of the Participant over the FundPricing General Takaful PlansObservations of General TakafulFamily TakafulBasic Accounting Entries for TakafulTakaful Operator ModelsDistribution of Underwriting SurplusConclusion
Case Study 1: Corporate Medical Takaful Plan under General TakafulCase Study 2: Corporate Medical Takaful Plan under General TakafulCase Study 3: Corporate Family Takaful PlanDetailed Mortality Table for Life TakafulMortality Tables and Probability CalculationsRisk ProfilingConclusion

Content preview from Contracts and Deals in Islamic Finance: A User s Guide to Cash Flows, Balance Sheets, and Capital Structures

Product Offerings

RETAIL ASSET PRODUCT OFFERINGS
RETAIL PRODUCT	RELEVANT CONTRACT
PERSONAL FINANCE	BAI BITHAMN AJIL,
BAI AL INAH
TAWARRUQ
IBRA
PURCHASE OF COSNUMER GOODS	BAI BITHAMN AJIL,
BAI AL AL INAH
TAWARRUQ
IBRA
MURABAHAH
MURABAHAH BY PURCHASE ORDERER
IJARA
SALE AND LEASE BACK
CREDIT CARD	BAI BITHAMN AJIL,
BAI AL AI INAH
TAWARRUQ
IBRA
MURABAHAH
CAR FINANCING	BAI BITHAMN AJIL,
TAWARRUQ
IBRA
MURABAHAH
MURABAHAH BY PURCHASE ORDERER
IJARA
MUSHARAKAH MUTANAQISAH
HOUSE FINANCING	BAI BITHAMN AJIL,
TAWARRUQ
IBRA
MURABAHAH
MURABAHAH BY PURCHASE ORDERER
IJARA
MUSHARAKAH MUTANAQISAH
COMMERCIAL ASSET PRODUCT OFFERINGS
COMMERCIAL PRODUCT	RELEVANT CONTRACT
WORKING CAPITAL	BAI BITHAMN AJIL,
BAI AL INAH
TAWARRUQ
IBRA
MURABAHAH WORKING CAPITAL
TERM FINANCE	BAI BITHAMN AJIL,
BAI AL AL INAH
TAWARRUQ
IBRA
MURABAHAH
IJARA
SALE AND LEASE BACK
PROJECT FINANCE	BAI BITHAMN AJIL,
BAI AL AL INAH
TAWARRUQ
IBRA
MURABAHAH
IJARA
SALE AND LEASE BACK
ISTISNA
LETTER OF CREDIT	WAKALAH
LC - SIGHT	WAKALAH
LC-USANCE	WAKALAH
MURABAHAH
LETTER OF GUARANTEE	KAFALAH
LIABILITY PRODUCT OFFERING
LIABILITY PRODUCT	RELEVANT CONTRACT
CURRENT ACCOUNT	WADIAH
QARD
WAKALAH
SAVINGS ACCOUNT	WADIAH
QARD
WAKALAH
HIBAH
FIXED DEPOSIT	COMMODITY MURABAHAH
MUDHARABAH

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Start your free trial

Handbook of Finance: Financial Markets and Instruments

Frank J. Fabozzi

Finance of International Trade

Eric Bishop

The Financial Times Guide to Investing, 4th Edition

Glen Arnold

Financial Services Firms: Governance, Regulations, Valuations, Mergers, and Acquisitions, 3rd Edition

Zabihollah Rezaee

Publisher Resources

ISBN: 9781119020585Purchase book

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,and much more.

You might also like

Handbook of Finance: Financial Markets and Instruments

Finance of International Trade

The Financial Times Guide to Investing, 4th Edition

Financial Services Firms: Governance, Regulations, Valuations, Mergers, and Acquisitions, 3rd Edition

Publisher Resources

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.