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:
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Money markets
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FX transactions
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Using options, forwards, and swaps
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Structured deposits
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Total return swaps
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This is how Islamic Banking really works
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In a sector where publications focus on theory, the Islamic Banking in Practice series concentrates solely on market practice.
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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.
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Written by a globally recognised practitioner and expert, structuring and transactions are presented and explained in detail, covering:
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Structuring
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Risk
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Pricing
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Execution
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Islamic Banking in Practice - Volume 1
Chapter headings include
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Common Sukuk structures
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Ijara, Musharakah, Mudarabah, Wakala, Murabaha
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Project finance
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Perpetual
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Equity linked / Exchangeable
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Hybrid
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Shariah compliance
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AAOIFI developments
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Credit rating
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Defaults
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The issue of a "True Sale"
Sukuk
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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.
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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.
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Areas covered include
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Issuance process
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Pricing
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Asset injection
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Risk management
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Shariah compliance
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