Hassan / Mahlknecht Islamic Capital Markets

Products and Strategies
1. Auflage 2011
ISBN: 978-1-119-97081-1
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 472 Seiten, E-Book

Reihe: Wiley Finance Series

Islamic Finance has experienced rapid growth in recent years, showing significant innovation and sophistication, and producing a broad range of investment products which are not limited to the complete replication of conventional fixed-income instruments, derivatives and fund structures. Islamic Finance represents an elemental departure from traditional interest-based and speculative practices, relying instead on real economic transactions, such as trade, investment based on profit sharing, and other solidary ways of doing business, and aims to incorporate Islamic principles, such as social justice, ecology and kindness, to create investment products and financial markets which are both ethical and sustainable.
Products created according to Islamic principles have shown a low correlation to other market segments and are relatively independent even from market turbulences like the subprime crisis. Therefore, they have become increasingly popular with secular Muslims and non-Muslim investors, as highly useful alternative investments for the diversification of portfolios.
In Islamic Capital Markets: Products and Strategies, international experts on Islamic Finance and Sharia'a Law focus on the most imminent issues surrounding the evolution of Islamic capital markets and the development of Sharia'a-compliant products. The book is separated into four parts, covering:
* General concepts and legal issues, including Rahn concepts in Saudi Arabia, the Sharia'a process in product development and the integration of social responsibility in financial communities;
* Global Islamic capital market trends, such as the evolution of Takaful products and the past, present and future of Islamic derivatives;
* National and regional experiences, from the world's largest Islamic financial market, Malaysia, to Islamic finance in other countries, including Germany, France and the US;
* Learning from Islamic finance after the global financial crisis; analysis of the risks and strengths of Islamic capital markets compared to the conventional system, financial engineering from an Islamic perspective, Sharia'a-compliant equity investments and Islamic microfinance.
Islamic Capital Markets: Products and Strategies is the complete investors' guide to Islamic finance.

Autoren/Hrsg.

Hassan, Kabir

Mahlknecht, Michael

Über Autor(innen)

DR M. KABIR HASSAN is a financial economist with consulting,research and teaching experience in development finance, money andcapital markets, Islamic finance, corporate finance, investments,monetary economics, macroeconomics and international trade andfinance. He has provided consulting services to the World Bank(WB), International Monetary Fund (IMF), Islamic Development Bank(IDB), African Development Bank (AfDB), USAID, Government ofBangladesh, Organization of Islamic Conferences (OIC), and manyprivate organizations and universities around the world. Dr Hassanreceived his BA in Economics and Mathematics from Gustavus AdolphusCollege, Minnesota, USA, and MA in Economics and PhD in Financefrom the University of Nebraska-Lincoln, USA respectively. He isnow a Professor in the Department of Economics and Finance at theUniversity of New Orleans, Louisiana, USA. He has more than 100papers published in refereed academic journals to his credit. DrHassan supervised 27 doctoral theses, and many of his students arenow well placed in the academia, government and private sectors. Heis editor of The Global Journal of Finance andEconomics and Journal of Islamic Economics, Banking and Finance,International Journal of Islamic and Middle Eastern Financeand Management, and co-editor of Journal of EconomicCooperation and Development. Dr Hassan has edited and publishedmany books along with articles in refereed academic journals. DrHassan is co-editor (with M.K. Lewis) of Handbook of IslamicBanking and Islamic Finance and The InternationalLibrary of Critical Writings in Economics (Edward Elgar, 2007).He is co-author Islamic Entrepreneurship (Routledge UK,2010), and co-author (with Rasem N Kayed and Umar Oseni) ofIslamic Finance (Pearson Publishing Company, 2012forthcoming). A frequent traveller, Dr Hassan gives lectures andworkshops in the US and abroad, and has presented over 100 researchpapers at professional conferences. His contact details are: [e-mail]; [e-mail];phone: [phone].
MICHAEL MAHLKNECHT is a consultant in the areas of riskmanagement, capital markets and Islamic finance. He regularly holdspresentations and gives university lectures on Islamic finance atthe Ecole de Management Strasbourg, the Philipps-Universitätof Marburg (Germany), the University of Rome Tor Vergata, and theTechnical University of Munich. Michael has written several paperson Islamic banking, insurance and capital markets, as well as onissues as diverse as graphical analysis methods, financial hedging,structured products, and credit risk management, which werepublished in various national and international magazines,including the Capco Journal of Financial Transformation, IslamicBusiness & Finance, Banker Middle East, and Private Equity andHedge Funds Middle East. Michael is the author of the introductoryGerman handbook Islamic Finance: Einführung in Theorie undPraxis (Wiley, 2008) and of the Executive Report IslamicCapital Markets and Risk Management (Incisive Media/RISK Books,2009). He currently lives in Hamburg, Germany and may be reachedunder his private e-mail address: [e-mail]