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Islamic Finance
Structuring Islamic Finance Transactions

Structuring Islamic Finance Transactions

ISBN: 978 1 84374 213 5

Author(s): Abdulkader Thomas , Stella Cox , Bryan Kraty

Publisher: Euromoney Books

Explaining Islamic finance product development and Shari'ah law compliance, this book shows you the structures & applications of Islamic transactions created for the modern financial world.

Publication Date: October 2005

Price: £175  


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Shariah Law Compliance

Understand the core principles of Islamic finance instruments, their applications and structures, their placement in the context of modern financial developments and the growth of Islamic financial institutions.

This new book explains the fundamentals of Islamic finance product development and compliance with Islamic law. The expert authors lead you through the complex structures and applications of Islamic transactions in the modern financial environment, including those providing liquidity and risk management for Islamic financial institutions.


Topics covered include:

  • Partnership models and equity finance vehicles
  • Sales, leasing and asset-linked, debt-like transactions
  • Structuring leases
  • Pre-paid sales and their operation as futures contracts
  • Manufacturing and working capital, and project finance arrangements including securitised and syndicated project finance deals
  • Real estate finance applications
  • Asset management products, indices and investment funds
  • Sukuk and debt-like products, including structuring Islamic securitizations, rating Sukuk and legal and regulatory issues
  • The development of the Islamic capital market, and the structures available for Islamic banks to manage liquidity
  • Risk management and derivative-like products
  • The emerging regulatory environment for Islamic finance products and transactions, and how the industry is responding to this.


"I wish that this had been the first book I read on Islamic finance."
- David E. Upton, PhD, CFA®, AIF®, Virginia Commonwealth University  

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Table of Contents

Structuring Islamic Finance Transactions
Contents

 Foreword  
 David E. Upton
 Recent history of Islamic finance  
 Faith, ethics, law and finance
 Compatibility  
 Shari’a boards and fatawa  
 Intellectual curiosity and personal growth  
 Internationalisation of finance
 Conclusion  

 Introduction: the origins and nature of the Islamic financial market  
 Abdulkader Thomas, based upon the work of Bryan Kraty, Stella Cox and
 Lawrence Oliver with Mustafa Hussain
 Introduction  
 The growth of the Islamic finance industry  
 Islamic finance principles  
 Core mechanisms  
 Islamic finance instruments  
 What is money?  
 What does this mean for banking and finance?  
 Systemic challenges  
 Notes about the book  

Chapter 1 Examining the role of Islamic law  
 Abdulkader Thomas
 Introduction  
 Maqasid al Shari’a  
 Sources of law  
 Islamic schools of law  
 The concerns of Shari’a   
 Contracts  
 The rule of possession (qabd)   
 Forbidden contracts and accountability   
 Conclusion  

Chapter 2 Understanding the Shari’a process  
 Abdulkader Thomas 
 Introduction  
 Shari’a boards  
 Preparing for the process  
 Two case studies: exceptions to the rule  

Chapter 3 Equity finance vehicles: mudaraba and musharaka  
 Abdulkader Thomas with M. Ikram Thofeek
 Introduction  
 Limited liability and corporate personality
 Mudaraba  
 Syndication by mudaraba  
 Retail fund aggregation  
 Non-bank financial institutions   
 Musharaka
 Musharaka deposits  
 Deposit profit distribution methods  
 Other forms of bank account
 Declining-balance partnership
 Shares and certificates   
 Pre-emption   
 Conclusion  

Chapter 4 The murabaha and simple sales transactions  
 Abdulkader Thomas and Bryan Kraty, with Sudin Haron, Mustafa Hussain,
 and Stella Cox
 Introduction  
 Murabaha  
 Murabaha and cash management  
 Murabaha in a banking context  
 Murabaha in trade financing  
 Murabaha versus bai’ bithaman al muajjal  
 The case of Malaysia  
 Less widely applied sales concepts  
 Problematic sales types   
 Letters of credit   
 Conclusion   
 Checklist: murabaha transaction steps

Chapter 5 Lease finance and ijarah  
 Abdulkader Thomas and Bryan Kraty, with Mustafa Hussain, and Stella Cox
 Introduction
 Lease finance and ijarah   
 Islamic lease structure  
 Ijarah-wa-iqtina’a  
 Project finance applications   
 Main differences between Islamic and conventional leases   
 Conclusion  

Chapter 6 Salam  
 Abdulkader Thomas and Bryan Kraty, with Mustafa Hussain, and Stella Cox
 Introduction  
 Salam  
 Checklist: Salam/istisna’a financing transaction steps
 Parallel salam and liquidity management  
 Commodity financing  
 Working capital applications   
 Conclusion  

Chapter 7 Complex transactions: istisna’a, pre-export or manufacturing
 finance working capital and project finance  
 Abdulkader Thomas with Bryan Kraty
 Introduction  
 Istisna’a  
 Ju’ala as a sub-set of istisna’a  
 Securitised and syndicated project finance transactions   
 Syndicated and securitised pre-export and export finance transactions  
 Syndicated and securitised corporate finance transactions  

Chapter 8 Real estate  
 Abdulkader Thomas with appreciation to Mohammed Asaria 
 Introduction  
 Mudaraba and musharaka  
 Istisna’a and intifa’a  
 Murabaha  
 Musharaka and declining-balance partnership  
 Ijarah and leveraged ijarah  
 Securitisation of real estate  
 Conclusion  

Chapter 9 Islamic asset management  
 Stella Cox and Lawrence Oliver with Abdulkader Thomas
 Introduction  
 Islamic principles  
 Creating an Islamic asset base  
 Islamic fund management  
 Structure, marketing and distribution  
 Jurisdiction of registration and regulation  
 Disclosure  
 Islamic global asset management  
 Addressing the issues  
 Conclusion  

Chapter 10 Opportunities with sukuk and securitisations
 Abdulkader Thomas, with appreciation to Mohammad Asaria and
 Tamara Box
 Sukuk – legal structure   
 Sukuk securitisation   
 Receivables securitisation  
 Rating Shari’a securitisations
 Historical data and rating risk  
 Legal and regulatory issues with Shari’a-compliant securitisations  
 Tax and accounting issues  
 Jurisdiction and trustee issues  
 Shari’a securitisation opportunities  
 Conclusions and challenges for sukuk and Islamic securitisations   

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Free Reports

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Digital Products 


Full Book:
  Structuring Islamic Finance Transactions - ebook full
Price: £150


Chapters:
  Structuring Islamic Finance Transactions - ebook Prelim
Price: £0
  Structuring Islamic Finance Transactions - ebook Chapter 1: Examining the role of Islamic law
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 2: Understanding the Shari'a process
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 3: Equity finance vehicles: mudaraba and musharaka
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 4: The murabaha and simple sales transactions
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 5: Lease finance and ijarah
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 6: Salam
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 7: Complex transactions
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 8: Real estate
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 9: Islamic asset management
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 10: Opportunities with sukuk and securitisations
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 11: Liquidity management
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 12: Risk management and derivatives
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 13: The regulatory constellation and challenges
Price: £45
  Structuring Islamic Finance Transactions - ebook Chapter 14: Changes and challenges
Price: £45
  Structuring Islamic Finance Transactions - ebook glossary
Price: £45

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