The Islamic Finance Handbook E-Book

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Wiley Finance Editions
• Sprache: Englisch

Seitenzahl: 1051

Veröffentlichungsjahr: 2014

Beschreibung

Get up to speed quickly on the world's fastest growing financial sector The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is the definitive report for the Islamic finance industry. Written by the industry's leading practitioners, the book provides a country-by-country breakdown of the current state of the Islamic market, including league tables by region and by country. Relevant case studies are used throughout to illustrate the practical aspect of the information presented. Organized for easy navigation, each chapter features sub-sections that allow instant comparison between countries in a specific area of interest. The Islamic finance industry is the world's fastest growing sector, valued at over U.S. $1.3 trillion by the UK Islamic Finance secretariat, with an annual growth of 24% for the past five years. To compete globally, practitioners need a true understanding of key markets within the industry. The Islamic Finance Handbook paints a clear picture of where each country stands in its development and role within the market, and provides a straightforward comparison between markets. Features include: * Current macroeconomic and microeconomic conditions * Regulatory and political situations * Recent transactions, key participants, and the investor climate * Real-world cases, as opposed to speculative scenarios The book places a clear focus on current conditions versus past performance, and on practical applications versus theoretical speculation. Each chapter is authored by a leading practitioner from within each country, allowing a true glimpse inside the day-to-day workings of the Islamic markets. For finance professionals who need to get up to speed on this rapidly growing sector, The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is a clear, comprehensive guide.

Leseprobe

CONTENTS

Cover

Series Page

Title Page

Copyright

Foreword

Preface

Introduction

Chapter 1: Australia

Asset Management

Tax and Accounting

Retail Finance

Microfinance

Takaful and Re-Takaful

Issuances and Sukuk

Debt Capital Markets

Equity Capital Markets

Regulatory Issues

Cross-Border Financing

The Future

Notes

References

About the Author

Chapter 2: Bahrain

Asset Management

Tax and Accounting

Retail and Microfinance

Mergers And Acquisitions

Takaful and Re-Takaful

Sukuk

Sovereign Wealth Funds

Regulatory Issues

Cross-Border Financing

Notes

References

About The Author

Chapter 3: Bangladesh

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Bonds

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Author

Chapter 4: Brunei

The Principal Legislation Regulating Islamic Banks and Finance Companies

Islamic Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Debt Capital Markets

Cross-Border Financing

Regulatory Issues

Human Resources Development

Conclusion

About The Authors

Chapter 5: Canada

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful

Sukuk and the Debt Capital Market

Regulatory Issues

Conclusion

About the Author

Chapter 6: China

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sukuk

Debt Capital Markets

Regulatory Issues

Conclusion

Notes

About the Author

Chapter 7: Egypt

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Authors

Chapter 8: Hong Kong

Asset Management

Tax

Retail and Microfinance

Islamic Banking

Sukuk and Renminbi Business

Debt Capital Markets and Equity Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Authors

Chapter 9: India

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Author

Chapter 10: Indonesia

Macroeconomic Performance and Asset Management

Microfinance

Takaful and Re-Takaful

Sukuk

Regulatory Issues

Conclusion

Notes

References

About the Author

Chapter 11: Iran

The History of Iranian Banking

The Riba-Free Banking Act

Deposits

Allocation of Funds

Other Regulations

Monetary Policy

How Iranian Practices Differ From Those of Other Countries

Challenges and Strengths

Cooperation with Other Islamic Countries

Iranian Banking System Statistics

The Iranian Islamic Capital Market

Note

References

About the Author

Chapter 12: Japan

Corporate Banking

Retail Banking and Microfinance

Debt Capital Markets (Sukuk)

Equity Capital Markets

Asset Management

Takaful and Re-Takaful

Sovereign Wealth Funds

Regulatory Issues

Tax and Accounting

Conclusion

About the Author

Note

Chapter 13: Jordan

Asset Management

Tax and Accounting

Microfinance

Takaful and Re-Takaful

Debt capital Markets

Cross-Border Financing

Sovereign Sukuk

Regulatory Issues

Conclusion

Note

References

About the Author

Chapter 14: Kazakhstan

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Author

Chapter 15: Kenya

Islamic Finance Banks

Islamic Windows

Microfinance

Takaful and Re-Takaful

Islamic Capital Markets

Sukuk and Debt Capital Markets

Regulatory Challenges and Shari'ah Concerns

The Technology Industry and Islamic Finance

Conclusion

Notes

About the Author

Chapter 16: Kuwait

Asset Management

Tax and Accounting

Retail and Microfinance

Islamic Banking

Takaful and Re-Takaful

Sovereign Wealth Funds

Sukuk

Debt Capital Markets

Regulation

Cross-Border Financings

Conclusion

About the Author

Chapter 17: Luxembourg

Asset Management

Microfinance

Takaful and Re-Takaful

Sovereign Wealth Funds

Sukuk and Debt Capital Markets

Regulatory Issues

Tax and Accounting

Cross-Border Financing

Conclusion

Notes

About the Authors

Chapter 18: Malaysia

Islamic Banking

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sukuk

The Money Market

The Stock Market

Cross-Border Financing

Regulatory Issues

Conclusion

Notes

About the Author

Chapter 19: Maldives

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

References

About the Author

Chapter 20: Nigeria

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Debt Capital Markets

Cross-Border Financing

Conclusion

References

About the Author

Chapter 21: Oman

Retail Banking

Corporate Banking

Tax and Accounting

Takaful and Re-Takaful

Islamic Investment Securities

Regulatory and Other Issues

Conclusion

References

About the Author

Chapter 22: Pakistan

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

References

About the Author

Chapter 23: Qatar

Asset Management

Tax and Accounting

Retail Banking and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Author

Chapter 24: Saudi Arabia

Regulatory Framework

Asset Management

Main Sources of Investment

Key Trends

Takaful

Pensions

Real Property

Hedge Funds

Tax Law

Sukuk

Shari'ah-Compliant Finance

Conclusion

About the Authors

Chapter 25: Singapore

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Takaful

Sovereign Sukuk

Sukuk

Cross-Border Financing

Conclusion

Notes

About the Authors

Chapter 26: South Africa

The Financial Services Industry

Asset Management

Tax and Accounting

Islamic Banks

Takaful

Sovereign Sukuk

Regulatory Issues

Cross-Border Financing

Conclusion

Notes

About the Author

Chapter 27: Sri Lanka

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

Notes

About the Author

Chapter 28: Tanzania

Islamic Banking Products

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk and Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Author

Chapter 29: Thailand

Past Performance

Prospects

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Ratings and Sukuk

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Author

Chapter 30: Turkey

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk

Debt Capital Markets

Regulatory Issues

Cross-Border Financing

Conclusion

About the Authors

Chapter 31: United Arab Emirates

Modern Islamic Banking

The Islamic Development Bank and Others

Tax and Accounting

Takaful and Re-Takaful

Retail Banking

Microfinance and Small and Medium Enterprises

Sukuk and Debt Capital Markets

The Regulatory Framework

Current Developments

Conclusion

About the Author

Chapter 32: United Kingdom

Asset Management

Tax and Accounting

Retail and Microfinance

Takaful and Re-Takaful

Sovereign Sukuk

Sukuk and Debt Capital Markets

Regulatory Issues

Cross-Border Financing and Investment

Conclusion

About the Author

Chapter 33: United States

The General Legal Landscape

Retail

Wholesale Equity Investment

Sukuk

Conclusion

About the Authors

About the Editors

List of Contributors

Index

End User License Agreement

List of Tables

Table 2.1

Table 2.2

Table 10.1

Table 10.2

Table 10.3

Table 10.4

Table 11.1

Table 11.2

Table 11.3

Table 11.4

Table 11.5

Table 11.6

Table 11.7

Table 11.8

Table 11.9

Table 11.10

Table 11.11

Table 12.1

Table 12.2

Table 13.1

Table 13.2

Table 16.1

Table 16.2

Table 18.1

Table 18.2

Table 18.3

Table 18.4

Table 18.5

Table 18.6

Table 18.7

Table 18.8

Table 18.9

Table 18.10

Table 18.11

Table 18.12

Table 18.13

Table 18.14

Table 18.15

Table 21.1

Table 21.2

Table 21.3

Table 21.4

Table 21.5

Table 21.6

Table 21.7

Table 21.8

Table 21.9

Table 21.10

Table 21.11

Table 21.12

Table 21.13

Table 21.14

Table 21.15

Table 21.16

Table 22.1

Table 22.2

Table 22.3

Table 22.4

Table 24.1

Table 27.1

Table 29.1

Table 30.1

Table 30.2

Table 30.3

Table 31.1

Table 31.2

Table 31.3

List of Illustrations

Figure 2.1

Figure 2.2

Figure 2.3

Figure 2.4

Figure 2.5

Figure 2.6

Figure 2.7

Figure 2.8

Figure 2.9

Figure 10.1

Figure 10.2

Figure 10.3

Figure 10.4

Figure 10.5

Figure 10.6

Figure 10.7

Figure 10.8

Figure 10.9

Figure 10.10

Figure 10.11

Figure 10.12

Figure 10.13

Figure 10.14

Figure 10.15

Figure 10.16

Figure 10.17

Figure 11.1

Figure 11.2

Figure 11.3

Figure 11.4

Figure 11.5

Figure 11.6

Figure 11.7

Figure 11.8

Figure 11.9

Figure 13.1

Figure 13.2

Figure 13.3

Figure 13.4

Figure 16.1

Figure 16.2

Figure 16.3

Figure 16.4

Figure 16.5

Figure 16.6

Figure 16.7

Figure 16.8

Figure 16.9

Figure 16.10

Figure 16.11

Figure 16.12

Figure 16.13

Figure 16.14

Figure 16.15

Figure 16.16

Figure 16.17

Figure 16.18

Figure 16.19

Figure 16.20

Figure 16.21

Figure 18.1

Figure 18.2

Figure 18.3

Figure 18.4

Figure 18.5

Figure 18.6

Figure 18.7

Figure 18.8

Figure 18.9

Figure 18.10

Figure 19.1

Figure 22.1

Figure 22.2

Figure 22.3

Figure 22.4

Figure 22.5

Figure 22.6

Figure 22.7

Figure 29.1

Figure 29.2

Figure 30.1

Figure 33.1

Guide

Cover

Table of Contents

Foreword

Chapter 1

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The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their financial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation and financial instrument analysis, as well as much more. For a list of available titles, visit our Web site at www.WileyFinance.com.

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The Islamic Finance Handbook

A Practitioner's Guide to the Global Markets

SASIKALA THIAGARAJA

ANDREW MORGAN

ANDREW TEBBUTT

GERALDINE CHAN

Editors

REDMoney

Cover image: ©pseudopixels/iStockphoto.com

Cover design: Wiley

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Foreword

Four decades ago, it was a strange thought, but now it has emerged as a wonderful reality. I am referring to Islamic finance.

Indeed, it is a newly born but very fast growing industry in comparison to its counterparts. Islamic banking does not have a history spread over centuries, but its core principles were entrenched in seventh century AD. In fact, its roots are as deep as the roots of humankind itself, because Islamic banking is based on divine values—the values of justice and fairness that the God Almighty has ordained no sooner than he created man.