Read e-book online A Primer on Islamic Finance PDF

By Bala Shanmugam

ISBN-10: 1934667242

ISBN-13: 9781934667248

This straightforward yet finished creation to Islamic finance is reader pleasant and large in scope. It covers the fundamental techniques, markets, items, and problems with Islamic finance and indicates the various nature of Shari'a criteria in several nations.

Show description

Read or Download A Primer on Islamic Finance PDF

Similar economy books

Get Schwarzbuch Kapitalismus. Ein Abgesang auf die PDF

Der Kapitalisinus treibt auf eine ausweglose scenario zu. Der Lebensstandard breiter Bevölke-rungsschichten sinkt, die Arbeitslosigkeit nirnnit zu. der Ausweg in die Dienstleistungsgesellschaft erweist sich als phantasm. Die Marktwirtschaft wird mit ihren Produktivitätssprüngen - Automation und Globalisierung - nicht mehr fertig.

Get India: The Growth Imperative PDF

This record is the fabricated from a fifteen-month lengthy venture by way of the McKinsey worldwide Institute, operating in collaboration with McKinsey's India place of work, at the financial functionality of India.

Read e-book online Multifunctional Rural Land Management: Economics and PDF

The expanding call for for rural land and its average assets is growing pageant and conflicts. Many events, together with farmers, nature conservationists, rural citizens and travelers, compete for a similar house. specifically in densely populated components, agriculture, game, city and suburban development and infrastructure improvement exert a relentless strain on rural components.

Additional info for A Primer on Islamic Finance

Sample text

The al-bai contract is signed upon payment of the entire rental amount Customer 6. The bank transfers the asset ownership 1. The customer identifies the machine/equipment to be leased 2. The bank purchases the machine/equipment from the dealer Machine/Equipment Dealer end of the lease period, the ownership of the asset will be transferred to the lessee. The undertaking or the promise given is unilateral and does not become an integral part of the contract. Hence, the undertaking or promise does not become an integral part of the lease contract, whereby it would be conditional.

Challenged to adapt these new products to Shari’a, the Islamic financial markets struggled to maintain a competitive pace. The second factor slowing the pace of Islamic capital market development was the conflict surrounding interpretation of what constitutes Shari’a compliance (Iqbal and Tsubota 2006; Khan 2006). Yet, for the Islamic capital market to achieve sustainability, finding new and competitive products was imperative. Deregulation in several Muslim nations opened the door to the creation of two products largely responsible for the serious growth of the Islamic capital market—Shari’a-compliant equity funds and sukuk (Islamic bonds) (Iqbal and Tsubota 2006; Khan 2006).

2009 The Research Foundation of CFA Institute 39 A Primer on Islamic Finance Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand. According to Kuo (2008), Malaysia, with roughly 15 percent (about US$62 billion) of the entire assets of the Malaysian banking system attributable to Shari’a-compliant products, leads the region in terms of total Islamic banking assets. 12. Location and Aggregate Assets of Top 100 Islamic Banks, 2007 A. Number of Banks B. 3 Source: “Islamic Banks Are on the Rise” (2008).

Download PDF sample

A Primer on Islamic Finance by Bala Shanmugam

by Donald

Rated 4.32 of 5 – based on 39 votes