Overview

The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a highly unique reference tool relating to key issues surrounding sukuk markets, which are found in 12 major financial centers, including Kuala Lumpur, London and Zurich. The internationally renowned contributors present an in-depth study of sukuk securities, beginning with a comprehensive definition and history. They go on to discuss Islamic financial concepts and practices that govern how sukuk securities are issued, how markets are carefully regulated to protect investors, and how securities are designed to safeguard invested money. The prospects and challenges of developing sukuk Islamic debt markets across the world are also illustrated. This comprehensive guide to sukuk markets will prove a fascinating and useful reference tool for academics, students, researchers and practitioners with an interest in Islamic finance, and, more specifically, in the nascent field of sukuk securities. Contributors include: M. Ariff, P. Casey, M. Cizakca, S.A. Hussein, M. Iqbal, S.S.A. Khan, A. Meor-Amri, S. Mohamad, H.S. Nasser, A. Saeed, M.T. Skully

Full Product Details

Author:   Mohamed Ariff ,  Munawar Iqbal ,  Shamsher Mohamad
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9780857936202

ISBN 10:   0857936204
Pages:   256
Publication Date:   31 May 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Foreword Preface 1. Introduction to Sukuk Islamic Debt Securities Markets Mohamed Ariff, Munawar Iqbal and Shamsher Mohamed PART I: FUNDAMENTALS OF SUKUK SECURITIES 2. Sukuk Securities, their Definitions, Classification and Pricing Issues Mohamed Ariff, Meysam Safari and Shamsher Mohamed 3. History of Sukuk: Pragmatic and Idealist Approaches to Structuring Sukuk Abdullah Saeed and Omar Salah 4. A Guide to Islamic Finance Principles and Financial Engineering Munawar Iqbal 5. History of Islamic Public Finance: Gharar and Risk Aversion Murat Cizakca PART II: REGULATIONS OF SUKUK MARKETS 6. Regulatory Lessons on Sukuk Financial Products, an Opinion Peter Casey 7. Regulation and Supervision of Sukuk Industry in Bahrain Sat Paul Parashar 8. Securitization Issues and Islamic Financial Products with Reference to Sukuk Michael T. Skully PART III: SUKUK MARKETS AND INDUSTRY PRACTICES 9. Stylized Facts About Islamic Sukuk Markets Nassar H. Saidi 10. Sukuk Industry Development in the Bahrain Capital Market Sat Paul Parashar 11. Bond Pricing Practices in the Sukuk Market in Malaysia Meor Amri Ayob 12. Origination, Issuance, Marketing and Listing of Sukuk Securities Mohamed Ariff and Shamsher Mohamed 13. The Role of IDB in Islamic Capital Market Development Salman Syed Ali Khan 14. Prospects and Challenges of Developing Sukuk Islamic Debt Markets Around the World Mohamed Ariff, Munawar Iqbal and Shamsher Mohamed Index

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Author Information

Edited by Mohamed Ariff, Chair of Economics and Finance, Sunway University, Malaysia, Munawar Iqbal, Professor, King Abdul Aziz University, Saudi Arabia and Chief of Research, IRTI, Islamic Development Bank and Shamsher Mohamad, Professor of Finance, International Centre for Education in Islamic Finance, Malaysia

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