Islamic Capital Markets: The Structure, Formation and Management of Sukuk

by Imam Uddin, Rabia Sabri, M. Ishaq Bhatti, Muhammad Omer Rafique, Muhammad AsadUllah

Overview

This book offers a unique, in-depth, and up-to-date overview of Islamic banking and finance, capital markets, and sukuks at the grassroots level. It deals with one of the most potent and increasingly popular financial instruments. It defines and explores the differences between conventional and Sukuk bonds and also examines the integration of Sukuk in various country contexts and both Muslim and non-Muslim economies.

The book consists of five core topics. First, it describes the evolution of the Islamic finance industry and capital markets; second, it discusses the basic features and instruments of Islamic banking; and third, it illustrates the current state of capital markets and Islamic finance. The book then examines the development of Sukuk in Islamic capital markets and Shariah perspectives and, finally, briefly discusses the structure of Sukuks and its development in the context of Pakistan.

In a nutshell, this book provides a basic understanding of Islamic financial instruments, their implementation in different regions, and their points of differentiation from conventional modes of finance; therefore, it will be a useful addition to the literature for scholars, researchers, and students of Islamic banking and finance.

Product Details

ISBN-13:	9781032153506
Publisher:	Taylor & Francis
Publication date:	01/17/2022
Series:	Islamic Business and Finance Series
Pages:	80
Product dimensions:	5.44(w) x 8.50(h) x (d)

About the Author

Imam Uddin, Ph.D., is an associate professor in the Department of Accounting and Finance at the Institute of Business Management (IoBM), Karachi, Pakistan.

Rabia Sabri is a senior lecturer and HoD at the Institute of Business Management (IoBM), Karachi, Pakistan.

M. Ishaq Bhatti is a professor of finance and financial econometrics and the founding director of the Islamic Banking and Finance Programme at La Trobe University, Australia.

Muhammad Omer Rafique is an Islamic finance Shariah scholar with half a decade of experience in teaching and research.

Muhammad AsadUllah is a senior lecturer at College of Economic & Social Development (CESD), Institute of Business Management (IoBM), Karachi, Pakistan.

Table of Contents

1. Evolution of the Islamic Finance Industry & Capital Markets 2. Development of Sukuk in Islamic Capital Markets 3. Differentiating Between Conventional Bonds and Sukuks 4. Shariah Perspective on Sukuk 5. Common Structures of Sukuk 6. Sukuk Development in Pakistan 7. Growing Opportunities in the Sukuk Markets