Islamic capital market products: developments & challenges
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Jeddah
Islamic Development Bank
2005
|
| Edition: | 1. ed. |
| Series: | Occasional paper / Islamic Research & Training Institute
9 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Physical Description: | XIV, 93 S. graph. Darst. |
| ISBN: | 996032155x |
Staff View
MARC
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| 100 | 1 | |a ʿAlī, Salmān Saiyid |e Verfasser |0 (DE-588)137947828 |4 aut | |
| 245 | 1 | 0 | |a Islamic capital market products |b developments & challenges |c Salman Syed Ali |
| 250 | |a 1. ed. | ||
| 264 | 1 | |a Jeddah |b Islamic Development Bank |c 2005 | |
| 300 | |a XIV, 93 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Occasional paper / Islamic Research & Training Institute |v 9 | |
| 650 | 4 | |a Bonds |z Islamic countries | |
| 650 | 4 | |a Capital market |z Islamic countries | |
| 650 | 4 | |a Finance (Islamic law) | |
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Record in the Search Index
| _version_ | 1804141165578027008 |
|---|---|
| adam_text | CONTENTS
Foreword
....................................................................................................ix
Acknowledgements
.....................................................................................xi
Executive Summary
..................................................................................xiii
1.
INTRODUCTION
.............................................................................1
2.
THE CAPITAL MARKETS—LANDSCAPE
...................................5
2.1
Market Penetration
.................................................................7
2.2
Corporate Earnings
..............................................................10
2.3
Market Liquidity
..................................................................10
2.4
Too Few Listings
.................................................................13
3.
SURVEY OF SELECTED ISLAMIC CAPITAL MARKET
PRODUCTS
.....................................................................................15
3.1
SHARES AND EQUITIES
..................................................18
3.1.1
Sharfah compatibility of underlying business of the
company
..........................................................................18
3.1.3
Sharfah compatibility of various trading practices
........25
3.1.4
Performance of Islamic Equity Market
...........................26
3.1.5
Issues in Stability of Islamic Equity and Equity Index
... 26
3.2
IJĂRAH-ŞUKUK
..........................................................................28
3.2.1
Structure of Existing
Ijãrah
Ѕикпк
..................................30
3.2.2
Other forms of
Ѕикпк
.......................................................34
3.2.3
Current Size of
Ijãrah
based
Ѕикпк
Market
....................35
3.2.4
Players (originators and holders)
.....................................44
3.2.5
Risk Factors of
Ѕикпк
......................................................45
3.2.6
Advantages and Disadvantages of
Ѕикпк
........................47
3.2.7
New Potential
Ѕикпк
Structures
......................................48
3.2.8
Development of Infrastructure for
Ѕикпк
........................49
3.2.9
Shariah Issues in
Ijãrah
Ѕикпк........................................
52
3.3
ISLAMIC DEPOSITORY RECEIPTS (IDR)
........................56
3.3.1
Possible advantages of IDR on
Sharŕah
compatible stocks
and
Ѕикпк.
........................................................................58
4.
CASE STUDIES IN PRODUCT DEVELOPMENT
.......................61
4.1
Mudãrabah
Companies an Innovation-Case Study of Pakistan
61
4.1.1
Lessons for product development
............................................62
4.1.2.
Use of
mudãrabah
as SPV for off-balance sheet transactions
70
4.2
Participation Term Finance Certificates
—
Pakistan
.................72
4.3
Product Development
—
Case Study of Malaysia
....................74
4.4
Product Development
—
Case Study of Sudan
.......................75
4.5
Lessons Learned for Product Development
............................81
5.
ISSUES IN FURTHER DEVELOPMENT
......................................85
Select Bibliography
...................................................................................89
VI
About the Author:
Salman Syed AN was educated at the
International Islamic University
Islamabad (B.Sc.honors Economics) and
at the University of Pennsylvania (Ph.D).
Prior to joining the Islamic Research and
Training Institute
(IRTI) in
2002,
he taught
at the International Islamic University,
Islamabad (IIU) for about eight years.
He also served as the Director of
Research and Director of Training at the
IIU.
His areas of interest are Islamic
economics and finance, and game
theory.
About the Book:
The development of Islamic capital
markets is integral part of development
of capital markets in .general. Such
markets are essential for efficient
resource mobilization and allocation. It is
more so in an Islamic economy because
prohibition of interest implies greater
reliance on equities and asset based
financing. This paper focuses on the
state of equity and stable income
products (¡jarah sukuk) in Islamic capital
markets with a view to develop them
further. Other products are discussed as
needed. It also excludes analysis of issues
in market regulation and market
micro-structure development.
The proportion of Shariah compliant
products in total market capitalization
varies considerably between countries; it
is also segmented across countries and
regions. However, there is great potential
for its expansion and integration. The
paper discusses some ways to expand
market size. Case studies on the
evolution of various Islamic products
provide a number of lessons for product
develpment.
|
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| id | DE-604.BV036098214 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:11:32Z |
| institution | BVB |
| isbn | 996032155x |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-018988652 |
| oclc_num | 162508448 |
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| owner | DE-703 |
| owner_facet | DE-703 |
| physical | XIV, 93 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Islamic Development Bank |
| record_format | marc |
| series2 | Occasional paper / Islamic Research & Training Institute |
| spelling | ʿAlī, Salmān Saiyid Verfasser (DE-588)137947828 aut Islamic capital market products developments & challenges Salman Syed Ali 1. ed. Jeddah Islamic Development Bank 2005 XIV, 93 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Occasional paper / Islamic Research & Training Institute 9 Bonds Islamic countries Capital market Islamic countries Finance (Islamic law) Islamic Research & Training Institute Occasional paper 9 (DE-604)BV036098210 9 Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018988652&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018988652&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | ʿAlī, Salmān Saiyid Islamic capital market products developments & challenges Bonds Islamic countries Capital market Islamic countries Finance (Islamic law) |
| title | Islamic capital market products developments & challenges |
| title_auth | Islamic capital market products developments & challenges |
| title_exact_search | Islamic capital market products developments & challenges |
| title_full | Islamic capital market products developments & challenges Salman Syed Ali |
| title_fullStr | Islamic capital market products developments & challenges Salman Syed Ali |
| title_full_unstemmed | Islamic capital market products developments & challenges Salman Syed Ali |
| title_short | Islamic capital market products |
| title_sort | islamic capital market products developments challenges |
| title_sub | developments & challenges |
| topic | Bonds Islamic countries Capital market Islamic countries Finance (Islamic law) |
| topic_facet | Bonds Islamic countries Capital market Islamic countries Finance (Islamic law) |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018988652&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018988652&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV036098210 |
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