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Book Cover
Author Safari, Meysam, author.

Title Sukuk securities : new ways of debt contracting / Meysam Safari, Mohamed Ariff, Shamsher Mohamad
Published Signapore : John Wiley & Sons, [2014]
Online access available from:
Safari O'Reilly books online    View Resource Record  
ProQuest Ebook Central Subscription    View Resource Record  


Description 1 online resource (1 volume) : illustrations
Series Wiley finance series
Wiley finance series.
Contents Front Matter -- The Foundation of. Introduction to Sukuk Markets -- Securities: Definitions, Classification, and Pricing Issues -- Pragmatic and Idealistic Approaches to Structuring -- Contract Design and the Structure of Common Securities Issued to Date -- Samples of Issued -- Contract Design and the Structure of Securities Yet Issued -- Securities and Conventional Bonds -- Securities in Practice. Regulations with a Difference -- Securitization, Trading, and Rating -- Worldwide Markets -- Regulatory Issues for Financial Products -- Payoff Structures and . The Foundation and Principles of Islamic Finance -- Cash-Flow Identification and Pattern Recognition for Theoretical Valuation Models -- A Matter of Choice: or Bond? -- Challenges and Future Developments
Summary The essential guide to global sukuk markets worldwideSukuk Securities provides complete information and guidance on the latest developments in the burgeoning sukuk securities markets. Written by leading Islamic finance experts, this essential guide offers insight into the concepts, design features, contract structures, yields, and payoffs in all twelve global sukuk markets, providing Islamic finance professionals with an invaluable addition to their library. The first book to fully introduce the market, this book provides a detailed overview of the sukuk market, with practical guidance toward applying these instruments in real-world scenarios. Readers will learn how sukuk securities are regulated and the issues that arise from regulations, and gain insight into the foundation and principles of Islamic finance as applied to these instruments. Extensive tables illustrate t-test comparisons between conventional bonds and sukuk, risk factors, and the issuance of different types of sukuk securities by country to give readers a deeper understanding of the markets. In 2010, the World Bank recommended sukuk as the best form of lending for growth in developing countries; since then, the value of new issues has grown at 45 percent per year. The market's present size is close to US $1,200 billion, with private markets in major financial centers like London, Zurich, and New York. This book provides comprehensive guidance toward understanding and using these instruments, and working within these markets. -Get acquainted with the sukuk market, definitions, classification, and pricing -Learn the different approaches to structuring and contract design -Discover how sukuk is applied, including regulations, ratings, and securitization -Examine payoff structures and suggested sukuk valuation in the context of Islamic finance principles With the sukuk market growing the way it is, regulators, investors, and students need to fully understand the mechanisms at work. Sukuk Securities is the complete guide to the sukuk markets, with expert insight. July 2014 saw the first sukuk listing in London. Hong Kong and Seoul have also entered this niche market. Predictions are that there will be continued high growth of sukuk debt markets around the world, all providing targeted funding via sukuk contracting modes
Bibliography Includes bibliographical references and index
Notes Description based on online resource; title from title page (Safari, viewed February 13, 2014)
Subject Debt -- Islamic countries
Finance (Islamic law)
Finance -- Islamic countries.
Securities (Islamic law)
Securities -- Islamic countries
Finance (Islamic law)
Securities (Islamic law)
Islamic countries.
Form Electronic book
Author Mohamed Ariff, 1942- author.
Shamsher Mohamad, author.
ISBN 1118943740
Other Titles New ways of debt contracting