Islamic Capital Markets: A Comparative Approach

The book explains each particular topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. Whereas most books in this field cover the topic only superficially, this book offers the depth of coverage and academic rigor needed by professionals and serious students.Fills a gap in the current literature on the subject with comprehensive coverage and in-depth explanationsTakes a comparative and holistic approach to the subject and features case studies from Malaysia, Indonesia, the Middle East, and EuropeWritten by a professor of finance at the International Centre for Education in Islamic Finance (INCEIF)One of the few comprehensive, dedicated guides to the subject available, The New Islamic Capital Markets offers a full understanding of the subject for students and professionals alike.. A comprehensive examination of Islamic capital marketsTaking a comparative approach to the subject, this text looks at the similarities and differences

Such an approach makes good sense. It challenges by asking the question: "Can economics explain a positive predetermined rate of interest?" While there is a tendency toward fixed income financial instruments in the Islamic financial sector, it is timely to publish a book on Islamic capital markets emphasizing risk sharing and trust as its essential element, which has an organic relationship with the contract."—Necdet Sensoy Board Member, Central Bank of the Republic of Turkey. From the Back Cover"This excellent textbook is based on the premise that students have to understand the workings of conventional capital markets before they can appreciate how Islamic markets differ. Similarly, the chapte

From 1984 until 1990, he served on the staff of the IMF, and from 1990 to present; he has been the Executive Director for Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, and Tunisia. Beckwith Award for Teaching.Professor Obiyathulla is currently President of the Malaysian Finance Association. OBIYATHULLA ISM