Investing In Islamic Funds: A Practitioner's Perspective [NOOK Book]

Overview

A guide to Islamic investment opportunities from the CEO of the world's leading Islamic finance bank

Offering an insider's perspective on a rapidly growing sector of the financial industry, Investing in Islamic Funds details the basic principles of Islamic investing for Muslims and non-Muslims alike. It explains how Islamic equity and fixed-income products differ from traditional funds, and how they deliver excellent results while still conforming to Sharia principles. Using ...

See more details below
Investing In Islamic Funds: A Practitioner's Perspective

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

NOOK Book (eBook)
$39.99
BN.com price
(Save 42%)$70.00 List Price
Note: This NOOK Book can be purchased in bulk. Please email us for more information.

Overview

A guide to Islamic investment opportunities from the CEO of the world's leading Islamic finance bank

Offering an insider's perspective on a rapidly growing sector of the financial industry, Investing in Islamic Funds details the basic principles of Islamic investing for Muslims and non-Muslims alike. It explains how Islamic equity and fixed-income products differ from traditional funds, and how they deliver excellent results while still conforming to Sharia principles. Using hard data from the last six years, the book also reveals how Islamic funds have offered predictable, reliable returns in volatile markets and turbulent financial times. For institutional investors as well as sophisticated individual investors, the book serves as an excellent introduction to the subject and surveys the full range of products available. Additionally, the book will arm financial services professionals with the knowledge they need to explain this new investment opportunity to clients.

  • One of the few books available that offers comprehensive data on the performance of Islamic funds in addition to the underlying theory that governs them
  • Written by the CEO of CIMB-Principal Islamic Asset Management, the world's leading Islamic finance bank
  • Features charts, case studies, comparative analysis, and a tabular data format
  • Debunks the misconceptions traditional investors may have about the profitability Islamic funds

For professional and institutional investors, as well as private investors looking for new opportunities, Investing in Islamic Funds offers a much-needed primer on this fast-growing market.

Read More Show Less

Product Details

  • ISBN-13: 9781118638880
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 5/13/2013
  • Series: Wiley Finance , #874
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 256
  • File size: 3 MB

Meet the Author

NORIPAH KAMSO is currently an Advisor to CIMB Islamic. She was previously the CEO of CIMB Principal Islamic Asset Management Sdn Bhd. Since 2008, she has successfully established a platform for the firm to extend its reach across the globe. Previously she served as the CEO of CIMB-Principal Asset Management Berhad, where she pioneered the listing of the world's first Regional ASEAN Exchange Traded Fund, "CIMB ASEAN 40 ETF" on the Singapore Exchange in 2007. She is a two-time winner of the Marketing Personality of the Year Award (2005 & 2006) by Asia Asset Management for the Asia Pacific region, CEO of the Year for Malaysia (2007) and Personal Achievement Award for contribution to Islamic Asset Management by International Takaful Summit, London (2012). Besides serving as a council member of the Federation of Investment Managers Malaysia (FIMM), she was the past president of the Malaysia Futures Brokers Association (MFBA).

Read More Show Less

Table of Contents

List of Tables and Charts xvii

Foreword xxi
by Larry Zimpleman

Preface xxv
by Tan Sri Zarinah Anwar

Preface xxix
by Mohammad Faiz Azmi

Acknowledgments xxxi

Introduction 1

CHAPTER 1 The Growth of Shariah Investments: Preparing the Next Generation 13

Introduction 15

The Global Islamic Funds Industry: Where Is It Now? 16

Global Product Innovation of Islamic Investment Products 21

Prognosis for Islamic Financial Markets: Where Are They Going? 23

Conclusion 27

Notes 28

Helpful Hints 29

CHAPTER 2 Fund Management within Shariah-Compliant Investment Guidelines: Is There More Reward? 31

Introduction 33

The Application of Islamic Ethics to Asset Management 35

Benefits of Shariah vis-Ă -vis Conventional Investing 38

Conclusion 44

Notes 44

Helpful Hints 46

CHAPTER 3 Uncovering the Driving Principles of Islamic Finance: A Journey to Accumulate Wealth Responsibly 47

Introduction 49

The Five Basic Principles of Islamic Finance 50

Conclusion 59

Notes 60

Helpful Hints 62

CHAPTER 4 Investing Responsibly: The Search for Similar Benefits for Ethical and Shariah Forms of Investing 63

Introduction 65

Screening Criteria 68

Screening Process for Ethical Form of Investing 72

Socially Responsible Investment versus Shariah-Compliant Investment 74

A Similar Approach to Your Investment? 77

Availability of Choice for Investors 79

Broader Portfolio Diversification 80

Conclusion 81

Notes 82

Helpful Hints 83

Appendix: Ethical Investment Screening Based on Negative Screening 85

CHAPTER 5 Broad Choices of Islamic Investment Funds: Can They Become Mainstream? 89

Introduction 91

Equity Funds 93

Sukuk Funds 94

Exchange-Traded Funds (ETFs) 95

Money Market Funds 96

Alternative Funds 97

Real Estate Investment Trust Funds (REITs) 97

Private Equity Funds 98

Hedge Funds 99

Lease Funds 100

Conclusion 101

Notes 102

Helpful Hints 104

CHAPTER 6 Mitigating the Myths: The Benefits of Islamic Funds for the Broader Investor Base 105

Introduction 107

Islamic Principles Come with Built-in Financial Ethics 108

The Myths of Shariah Investing 109

Benefits of Shariah Investing 116

Conclusion 119

Notes 120

Helpful Hints 122

CHAPTER 7 Comparative Analysis with Conventional Investing: Shariah-Compliant Investing is Resilient, while Conventional Investing Has to Recover from Financial Crisis 125

Introduction 127

Islamic Indices Outperformed Conventional Indices 128

Qualitative Comparison of Islamic Index Screening Processes 129

Performance Analysis of Three Dow Jones Shariah Indices and Their Counterparts 131

Value-Added Optimization for Shariah Performance 139

Conclusion 140

Notes 140

Helpful Hints 142

CHAPTER 8 Using Performance Characteristics to Build Wealth: Empirical Evidence, Proven and Tested 143

Introduction 145

The Impact of Black Swan Events 146

Why Shariah Investing Is Resilient 147

Conclusion 152

Notes 152

Helpful Hints 154

CHAPTER 9 The Sukuk Portfolio: A Broader Investment Universe for Mainstream Investors 155

Introduction 157

Emergence of Different Sukuk Structures 158

Examining Sukuk Investment Results 161

Case Study: Sukuk Investing as a Diversification Strategy 166

Conclusion 167

Notes 168

Helpful Hints 170

CHAPTER 10 Shariah-Compliant UCITS Funds: Satisfying the Appetite of International Investors 173

Introduction 175

Solution at Your Doorstep 176

Providing Ease of Transaction to International Investors 177

Bringing Shariah Investment to a Global Audience 178

Notes 181

Helpful Hints 183

CHAPTER 11 Legal, Regulatory, Risk, and Operational Framework: Building Investors’ Confidence 185

Introduction 187

The Islamic Financial Institutions’ Regulatory Framework 188

Country Examples 192

Conclusion 198

Notes 199

Helpful Hints 200

Epilogue 203

About the Author 205

About the Contributors 207

Glossary to the Quotations 209

Glossary of Islamic Finance 215

Global Islamic Finance Education Centers 235

Global Islamic Finance Conferences/Summits/Seminars 239

Islamic Investment and Finance Readings: Guide to Research Materials 243

Recommended Reading 245

Index 249

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)