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Islamic Banking in Practice

A series with four volumes

This series will take the reader on a journey explaining how Islamic banking and finance works - how first principles are used to create financial products, from a simple bank deposit account to a $1bn Sukuk and structued investment notes

Islamic Banking in Practice - Volume 1

Treasury, Risk Management and Structured Investments

REVIEW - "From its very outset, this first volume, which tackles money market, FX and other market contracts, gives the view of a pioneer in the industry who was challenged with a blank sheet of paper and asked to create something from the ground up, without any guidance, without a frame of reference and the minimum of support infrastructure. The story that unfolds is very readable."

Chapters include:

  • Money markets

  • FX transactions

  • Using options, forwards, and swaps

  • Structured deposits

  • Total return swaps

This is how Islamic Banking really works

In a sector where publications focus on theory, the Islamic Banking in Practice series 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 deliver a total return swap? The reader is guided, step-by-step, as to how financial institutions create products, whilst ensuring compliance with Islamic commercial law.

Written by a globally recognised practitioner and expert, structuring and transactions are presented and explained in detail, covering:

  • Structuring

  • Risk

  • Pricing

  • Execution

Islamic Banking in Practice - Volume 2

Sukuk - Structuring, Pricing and Risk Management

Sukuks, sometimes referred to as the Islamic version of bonds, are one the most visible products in islamic banking and finance, and with a global reach.

This volume will explain why Sukuks were created, and how they work. The different structures of Sukuk will be explained, and reinforced through detailed analysis of market transactions.

Areas covered include

  • Issuance process

  • Pricing

  • Asset injection

  • Risk management

  • Shariah compliance

This is how Islamic Banking really works

In a sector where publications focus on theory, the Islamic Banking in Practice series concentrates solely on market practice.

The evolution of principles into practice is explained clearly and concisely.

Chapter headings include

  • Common Sukuk structures

    • Ijara, Musharakah, Mudarabah, Wakala, Murabaha

    • Project finance

    • Perpetual

    • Equity linked / Exchangeable

    • Hybrid

  • Shariah compliance

  • AAOIFI developments

  • Credit rating

  • Defaults

  • The issue of a "True Sale"

Islamic Banking in Practice - Volume 3

Retail Banking, Financing and Investments

Volume 3 of the Islamic Banking in Practice series covers the three main areas of Retail Banking, Risk Management and Structured Investments.

Key products in all of these areas are discussed and explained in detail, covering the different types of contracts and structures used in the Islamic Banking and Finance sector. The journey in transforming classical contracts (such as Murabaha, Mudarabah, Wakala, Ijara and so on) into finished products that are executed, is a compelling one. This includes the transformation of inherent risks to suit the parties involved.

This is how Islamic Banking really works

In a sector where publications focus on theory, the Islamic Banking in Practice series concentrates solely on market practice.

The evolution of principles into practice is explained clearly and concisely.

Chapter headings include:

  • Car and Home Financing

  • Personal Finance

  • Credit Cards

  • Corporate Financing

  • Sukuk

  • Trade Finance

  • Investments

    • Equities and Funds

    • Commodities

    • Real Estate

    • Derivatives

Islamic Banking in Practice - Volume 4

An Evaluation of the Industry

Publication date : September 2020

Islamic Banking - An Introduction to Retail Deposits

This eBook (length 46 pages) takes the reader on a journey to explain how Islamic banks offer products to their customers - in this case, deposits and savings accounts. Reference is made to the underlying Islamic/ Shariah contract, but this is not enough.

 

Explanation is given, in detail, how these classic Islamic contracts are tweaked and manipulated in order to deliver financial products that are aligned with the requirements of the Islamic banks.

 

As with the "Islamic Banking in Practice" series, the emphasis is on market practice, rather than just academic theory.

A Primer on Islamic Banking

An Introduction to Islamic Banking and Market Application

This eBook (length 46 pages) takes the reader on a journey to explain how Islamic banks offer products to their customers - in this case, personal loan products. Reference is made to the underlying Islamic/Shariah contracts, but this is not enough.

 

After an introduction to the main principles that govern Islamic finance, and the main contracts that are utilised in the sector, the book then moves onto the application of these aspects into a finished market product.

 

Explanation is given, in detail, how these classic Islamic contracts are tweaked and manipulated in order to deliver financial products that are aligned with the requirements of the Islamic banks.

 

As with the "Islamic Banking in Practice" series, the emphasis is on market practice, rather than just academic theory.

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