Islamic Finance

A Practical Guide, Second Edition

Edited by Rahail Ali

Publication date:

01 January 2014

Length of book:

200 pages

Publisher

Globe Law and Business

Dimensions:

240x160mm
6x10"

ISBN-13: 9781905783984

Islamic finance has seen unprecedented growth in recent years and the pace of this growth is accelerating. This is evidenced not only by the size of the Islamic finance market, but also by the increasing range of sophisticated products and services. The markets for Shariah-compliant funds and takaful (Islamic insurance) are sectors in their own right. Today, Islamic finance attracts sovereigns, financial institutions, multinationals, corporates and customers across the retail spectrum who are looking to tap Islamic liquidity from sukuk (Islamic bonds), corporate, retail, acquisition, development and project financings. This second edition features fully updated, insightful chapters by leading practitioners in Islamic financing and analyses market trends, key developments and structures for sukuk, syndications, funds, takaful, project financing and Islamic liquidity management. New to the second edition are chapters on the regulation of Islamic finance and an overview of the sukuk market. This unique title is essential reading whether you are already engaged in Islamic financing transactions or interested in understanding the Islamic finance market and the structures underpinning the world's fastest-growing finance sector.

Preface 5 Rahail Ali Hogan Lovells Part 1. Islamic finance overview Islamic finance: introduction to the market and key principles 7 Rahail Ali Hogan Lovells Legal issues and standards in Islamic finance 19 Rahail Ali Hogan Lovells Part 2. Equity and funds Overview of Islamic asset management 31 Imtiaz Shah Hogan Lovells Sharia screening and Islamic equity indexes 41 Kamal MA Mian Fast Cables Limited Part 3. Finance Islamic finance in the syndicated bank markets 59 Rahail Ali Hogan Lovells Islamic project finance 73 Shibeer Ahmed Sajjad Khoshroo White & Case LLP Part 4. Capital markets Islamic finance and documentation 91 Rahail Ali Hogan Lovells The global sukuk market and legal structuring considerations 109 Rahail Ali Imran Mufti Hogan Lovells The sukuk market: resilience and resurgence – the foundations for future growth 119 David Testa Armila Capital Limited Part 5. Insurance Takaful and conventional insurance: a comparative overview 137 Mamoon Ashraf Michael Kortbawi Rima Mrad Bin Shabib & Associates (BSA) LLP Islamic insurance products: a case study 161 Omar Clark Fisher Khidr Solutions Consultancy Part 6. Regulation Malaysia and GCC regulation: comparisons and contrasts 175 Mustafa Kamal Hogan Lovells Regulating Islamic finance 183 Hari Bhambra Praesidium LLP About the authors 197

In conclusion, any researcher who is interested in Islamic finance would do quietly well to read carefully this excellent book. The authors offer an interesting analysis and also present a more intuitive approach to Islamic finance to non-experts.