Islamic Capital Markets : The Structure, Formation and Management of Sukuk book cover
1st Edition

Islamic Capital Markets
The Structure, Formation and Management of Sukuk

  • Available for pre-order. Item will ship after January 17, 2022
ISBN 9781032153506
January 17, 2022 Forthcoming by Routledge
96 Pages 19 B/W Illustrations

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Book Description

This book offers a unique, in-depth, and up-to-date overview of Islamic banking and finance, capital markets and sukuks at the grass-roots 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. Firstly, it describes the evolution of the Islamic finance industry and capital markets; secondly, it discusses the basic features and instruments of Islamic Banking; and thirdly, 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.

Table of Contents

1. Evolution of the Islamic Finance Industry and 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

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Imam Uddin, Ph.D., is Associate Professor in the Department of Accounting & 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 Latrobe University, Australia.

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

Muhammad AsadUllah is a Senior Lecturer at CESD, IoBM, Karachi, Pakistan.