Explore Practical Guides to Islamic Finance – Knowledge, Insight, and Change
Empowering readers to understand, navigate, and improve the Islamic finance system globally
Why These Books Matter
Modern Islamic finance often prioritizes debt instruments over investment, leaving everyday people underserved. This series provides clear, practical guidance on how the system works, its challenges, and how you can advocate for a fairer, more efficient financial landscape
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This is how Islamic Banking Really Works
In a sector where publications focus on theory and are rarely written by experienced practitioners, the Islamic Banking in Practice series concentrates firmly on market practice.
The evolution of principles into practice is explained clearly and concisely. How is a simple sale of metal used to deliver a total return swap? The reader is guided, step-by-step, as to how financial institutions create products, while ensuring compliance with Islamic commercial law.
Written by a globally recognised practitioner, structuring and transactions are presented and explain in detail, covering
• Structuring
• Risk
• Pricing
• Documentation
• Execution
Volume 2 of the “Islamic Banking in Practice” series covers the broad and subtle subject of Sukuk.
In a sector where publications focus on theory and are rarely written by experienced practitioners, the Islamic Banking in Practice series concentrates firmly on market practice.
Sukuks (sometimes referred to as Islamic versions of bonds) are one of the most visible products in Islamic banking, and their global reach has ensured a rapid growth in issuance.
This volume will explain how Sukuks work and why they were created. The reader will be guided in how to structure a Sukuk product from first principles. Most of the different major types of Sukuk in issuance will also be described in detail. This will be reinforced through the presentation and detailed analysis of market transactions.
At all stages, the focus will be on the aspects of Sukuk that relate to compliance with the rules of Islamic banking. Areas covered include the issuance process, pricing, asset injection, risk management, and Shariah compliance. Other relevant areas such as credit rating, defaults and the impact of introducing assets (including the controversial topic of a “true sale”) will be covered. The key development in the markets as a consequence of AAOIFI rule changes are analysed.
This is how Islamic Banking Really Works
In a sector where publications focus on theory (and are rarely written by experienced practitioners), the Islamic Banking in Practiceseries concentrates solely on market practice.
The evolution of principles into practice is explained clearly and concisely. How is a simple sale of metal used to a deliver total return swap? The reader is guided, step-by-step, as to how financial institutions create products, whilst ensuring compliance with Islamic commercial law.
This is a detailed and critical evaluation of the global Islamic finance industry, along with practical ideas for effective evolution and development.
