Machine generated contents note: Preface About the Authors Chapter 1: Epistemology of Finance Epistemology of an ideal conventional financial system Epistemology of an ideal Islamic financial system Risk sharing finance in a world of uncertainty Summary and conclusions Chapter 2: Finance and Ethics Embedded ethical issues in financial theory Cases of ethical issues in finance Virtue ethics model Islamic framework of business ethics Summary and conclusions Chapter 3: The Analytics of Finance The theory of interest The concept of time value Utility theory, risk aversion and risk premium The individual's optimal consumption and portfolio choices Market efficiency and the random-walk hypothesis Risk-sharing in finance Summary and conclusions Chapter 4: Equity, Efficiency and Firm Behaviour Theories of firm behaviour in Islamic economics The profit-sharing principle Theoretical construct of equity and allocative efficiency Summary and conclusions Chapter 5: Asset Pricing and Corporate Finance Capital asset pricing model Arbitrage pricing theory Capital structure theory Summary and conclusions Chapter 6: Scope of Financial Engineering and Derivatives Risk-hedging with forward and futures contracts Properties of options contracts Option valuation theory Applications of option pricing theory in Islamic finance Scope of financial engineering and risk-hedging in Islamic finance Summary and conclusions Chapter 7: Financing Models and Ownership Transfer Structure and dynamics of outstanding balances Financing schemes and ownership transfer Hybrid financing models based on risk sharing Summary and conclusions Chapter 8: Securitisation and Structured Finance Risk transfer with credit default swaps The mechanics of securitisation and structured finance Complexity of contract structures Securitisation, structured finance, and completeness of contracts Securitisation, risk transfer with waa'd structures, and options strategies Summary and conclusions Chapter 9: Financial Stability Financial system and the real economy Financial crises and debt-financing Stability of the Islamic financial system Summary and conclusions Chapter 10: Financial Regulation The economics of financial regulation The complexity of financial regulation The regulatory framework under Islamic finance The regulatory challenges in Islamic finance Summary and conclusions Appendix A Appendix B References Index .
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SUMMARY OR ABSTRACT
Text of Note
"Explore Islamic finance at a deeper level Intermediate Islamic Finance: Theory and Practice fills the gap for students and professionals who are already familiar with the fundamentals of Islamic finance, but would like to gain an enhanced understanding of Islamic finance theories and practices. This comprehensive text provides you with coverage of global developments and describes the role of Islamic finance within the global finance community to guide you in your understanding of this important aspect of the international financial landscape. The book references advance concepts and specific problems in the practice of Islamic finance, provides suggested further readings for each chapter, offers details of advanced analysis, and presents key data in visual form via graphs, figures, and tables. Profound changes have taken place in the financial landscape over the past few decades, including major innovations in financial instruments and substantial changes in regulation. With global financial markets becoming increasingly important players in the industry, it is critical that today's financial professionals understand the essence and implications of key Islamic finance theories and practices. Build upon your fundamental understanding of Islamic finance Explore some areas of convergence and conflict between Islamic finance and conventional finance Strengthen the harmony between Islamic and conventional finance theories and their applications Prepare for a well-rounded career in finance by better understanding how Islamic finance principles apply Intermediate Islamic Finance: Theory and Practice is an essential text for graduate and post-graduate finance students, economists, researchers, bankers, financial regulators, policymakers, and members of the business community who want to develop a deeper understanding of Islamic finance theories and practices"--
Text of Note
"The principal objective of this intermediate book on Islamic finance is to address selected issues in the theory and practice of Islamic finance that typical fall beyond the contents of classic introductory text books on the subject matter. These topics are often discussed at very basic level. The list of special topics includes the stability of Islamic finance, the role of ethics, the scope of financial engineering and derivatives, the function of Islamic capital markets, as well as perspectives on Islamic structured finance, corporate finance, and financial inclusion. The book can serve as a guide to hitherto unexplored avenues of research in Islamic finance for graduate and post-graduate students. This book includes: - some reference to case studies and specific problems in the practice of Islamic finance as well as conventional finance - a list of suggested further readings per chapter - appendices that include details of advanced analysis for the purpose of simplifying the level of discussion for advanced undergraduate students - graphs, figures, tables on financial and economic data"--
TOPICAL NAME USED AS SUBJECT
Entry Element
finance
Entry Element
امور مالی
Geographical Subdivision
-- Islamic countries
Geographical Subdivision
-- کشورهای اسلامی
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Finance-- Religious aspects-- Islam
Financial institutions -- Law and legislation -- Islamic countries
امور مالی -- جنبههای مذهبی -- اسلام
سازمانهای مالی -- قوانین و مقررات -- کشورهای اسلامی