Islamic Capital Markets and Products: Managing Capital and Liquidity Requirements Under Basel III

Ensure Basel III compliance with expert analysis specific to Islamic Finance Islamic Capital Markets and Products provides a thorough examination of Islamic capital markets (ICM), with particular attention to the products that they offer and the legal and regulatory infrastructure within which they operate. Since Islamic banks act as asset managers, attention is paid to the regulatory challenges which they face in the light of Basel III, as regards both eligible capital and liquidity risk management. The authors of the chapters are professionals and practitioners, and write from experience. The editors also contributed to some of the chapters. The markets and products covered include Islamic equities, Islamic investment certificates (Suk k) which are Shari?ah compliant alternatives to conventional bonds, and Islamic Collective Investment Schemes. The coverage of legal and regulatory issues includes an examination of the implications for ICM of securities laws and regulations and of Basel III, as well as collateralisation issues. Shari?ah compliance aspects, in terms both of the selection criteria for Islamic equities and of the ?purification? of impermissible components of income, are also examined in some detail, as are the implications of Basel III for eligible capital in general and for Shari?ah compliant capital instruments in particular. A similar analysis is also made of the implications of the Basel III requirements for liquidity risk management and high quality liquid assets (HQLA), including Shari?ah compliant HQLA. The book concludes with three case studies, two describing the ICM in Malaysia and Bahrain and a third which describes Suk k issued as Shari?ah compliant capital instruments, followed by brief concluding remarks by the editors. INDICE: Foreword .Acknowledgments .About the Authors .Chapter 1: Overview of the Islamic Capital MarketBy Simon Archer, Brandon Davies and Rifaat Ahmed Abdel Karim .Chapter 2: Islamic Capital Markets and Islamic EquitiesBy Nor Rejina Abdul Rahim .Chapter 3: Sukuk Unlocking the Potential for Economic DevelopmentBy Dr. Sayd Farook and Redha Al Ansari .Chapter 4: Islamic Collective Investment SchemesBy Simon Archer and Brandon Davies .Chapter 5: Legal And Regulatory Considerations Pertaining to Islamic Capital MarketsBy Michael J.T. McMillen .Chapter 6: Regulatory Aspects of the Islamic Capital Market and Basel III RequirementsBy Musa Abdul–Basser .Chapter 7: Shari?ah Foundations of Islamic Equity Investment Criteria and Purification of InvestmentsBy Mohamed A. Elgari .Chapter 8: Collateralisation in Islamic Capital MarketsBy Richard Thomas .Chapter 9: Eligible Capital and Capital InstrumentsBy Brandon Davies .Chapter 10: Regulatory Aspects of the Islamic Capital Market and Basel III Requirements Shariah–compliant Bank Capital InstrumentsBy Rafe Haneef .Chapter 11: Liquidity Risk Management and High Quality Liquid AssetsBy Simon Archer and Rifaat Ahmed Abdel Karim .Chapter 12: Malaysia s Islamic Capital Markets A Case StudyBy Obiyathulla Ismath Bacha and Daud Vicary Abdullah .Chapter 13: Bahrain s Islamic Capital Markets A Case StudyBy Dr Hatim El–Tahir .Chapter 14: Sukuk Issued as Regulatory Capital Instruments for Basel III Compliance A Case StudyBy Abdullah Haron .Chapter 15: Concluding RemarksBy Simon Archer and Rifaat Ahmed Abdel Karim .Appendix A: Nominate Contracts Employed as a Basis for Shari ah Compliant Financial Transactions .Appendix B: A Note on Market Index Providers .Index

• ISBN: 978-1-119-21880-7
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 328
• Fecha Publicación: 27/10/2017
• Nº Volúmenes: 1
• Idioma: Inglés