Islamic Capital Markets

A Comparative Approach

Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.

Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.

Contents:

• Founding Thoughts: Adam Smith, Capitalism, and Islamic Finance
• Capital Markets: Introduction and Overview
• Islamic Finance: Underlying Philosophy, Contracts, Instrument Design, and Requisites
• The Interbank Money Markets
• The Islamic Interbank Money Market
• Bonds and Bond Markets
• Sukuk and Sukuk Markets
• Issues in Sukuk Design and Trading
• Common Stocks and Equity Markets
• The Islamic Equities Market
• Derivative Instruments: Products and Applications
• Shari'ah-Compliant Derivative Instruments
• Exchange Rates and the Foreign Exchange Market
• Capital Markets and Government Policy
• Potential Role of Capital Markets in Reducing Income and Wealth Inequality

Readership: Students and professionals interested in Islamic Banking, Islamic Investments and Islamic Capital Markets.
Key Features:

• Fills a gap in the current literature on the subject with comprehensive coverage and in-depth explanations and insights
• Takes a comparative and holistic approach to the subject and features case studies from Malaysia, Indonesia, the Middle East, and Europe
• The second edition includes updates such as the latest in thinking and examinations of new proposed instruments