A Detailed Look at the Fast-Growing Islamic Banking and Finance Sector

Press release
September 26, 2012
Hoboken, NJ
A Detailed Look at the Fast-Growing Islamic Banking and Finance Sector

The severity of the global financial crisis that followed the years 2008 and 2009 has been described as second only to the Great Depression. Yet, during those two years, the assets of the 500 top Islamic financial institutions grew — from $639 billion to $820 billion.

What sets apart the Islamic finance industry from the rest of the financial world? And how have its differences helped this sector thrive when the rest of the global financial market struggles to regain its balance?

Faleel Jamaldeen, author of Islamic Finance For Dummies, says: “I’m bullish on Islamic finance: I’m a firm believer in the market potential of this industry. I’m also a firm believer in the benefits of Westerners understanding the concepts that lie behind the Islamic financial products — knowing why a separate industry exists and why many conventional products don’t work for Muslims.”

“In the West, the general public and even many financial professionals know absolutely nothing about Islamic finance. Those who’ve at least heard of it may assume that they can’t understand or participate in it because they aren’t Muslim and don’t speak Arabic.) Western women may assume that they aren’t allowed to participate in the Islamic finance industry because of misconceptions about Islamic law. (Women can and do fully participate in Islamic finance — as professionals and as investors.)”

“Islamophobia is a prejudice against Islam or Muslims that has unfortunately become more commonplace and more intense in the West since the attacks on the United States on September 11, 2001. Some people simply don’t want anything to do with an industry that’s affiliated with Islam. Until now, searching for a book to help you navigate the subject of Islamic finance wasn’t very rewarding. That’s because Islamic finance has been the topic of textbooks but not many nonacademic titles.”

Jamaldeen goes on to say, “I wrote this book to bridge the gap between people who need and want to know about Islamic finance and an industry that needs and wants their participation. You’ll find that you don’t need to learn a new language, change your personal religious views, and that job prospects are strong for both men and women with conventional banking and finance skills who are open to learning about new products and a new way of conducting business.”

“I wrote this book assuming that you have a strong interest in the financial industry already. Maybe you’re a banker, a mutual fund manager, an investment consultant, or an insurance agent. Perhaps you have Muslim clients asking you to consider adding sharia-compliant products to your roster of offerings, or your boss mentioned in passing that Islamic finance has been growing like crazy and your company should find out how to tap into the market. Maybe you’re a college student focusing your studies in finance, and you’ve read that job prospects are good for people with specific knowledge about Islamic finance.”

Whatever the scenario, you’ll find clear and easy-to-understand information on how the Islamic finance industry works.

source : wiley.com

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Books : Islamic Capital Markets & Introduction to Islamic Banking & Finance

Author : Brian Kettell

ISBN: 978-0-9558351-1-7, 296 pages

 

 

 

Author : Brian Kettell

ISBN: 978-0-9558351-0-0, 251 pages

 

 

 

 

 

 

 

 

 

 

Islamic Capital Markets

All you ever need to know about Islamic capital markets. This is the world’s first ever book covering the fundamental principles underlying one of the most exciting financial markets.

Reading this book you will learn about capital markets where:

1.       Instruments traded are asset backed.

2.       Defaults are virtually unknown.

3.       A variety of new asset classes are emerging.

Contents of Islamic Capital Markets

Chapter 1. Muslim beliefs

Chapter 2. Sharia’a law and Sharia’a Boards: roles, responsibility and membership

Chapter 3. Conventional and Islamic financial intermediation

Chapter 4. Islamic capital markets and Islamic securitisation

Chapter 5. Islamic investment principles

Chapter 6. Sharia’a compliant wholesale markets

Chapter 7. Islamic funds, equities, indices and ETFs

Chapter 8. Derivatives and hedge funds in Islamic finance

–  Why are derivatives forbidden under Sharia’a law ?

–  Total returns swap and Sharia’a conversion technology

Chapter 9. Sukuk (Islamic bonds)

Chapter 10. Islamic real estate investment trusts

World’s 100 largest Islamic banks

Top 500 Islamic Financial Institutions
Introduction to Islamic Banking & Finance

An essential first read for anyone interested in Islamic banking, this book covers the principles of the world’s fastest growing financial sector. Reading this book you will learn about a banking system where: 

1.       Interest is forbidden.

2.       Derivatives are forbidden.

3.       Sub-prime mortgages are forbidden.

Contents of Introduction to Islamic Banking & Finance

Chapter 1. Muslim beliefs

Chapter 2. Sources of Sharia’a law: legal basis for Islamic banking

Chapter 3. Definition of Islamic banking 

Chapter 4. Murabaha as a mode of Islamic finance

Chapter 5. Mudaraba as a mode of Islamic finance

Chapter 6. Musharaka as a mode of Islamic finance

Chapter 7. Ijara as a mode of Islamic finance

Chapter 8. Istisna’a as a mode of Islamic finance

Chapter 9. Salam as a mode of Islamic finance

Chapter 10. Takaful: Islamic insurance

Chapter 11. Sharia’a law and Sharia’a boards: roles, responsibility and membership

Appendix 1. World’s 100 largest Islamic banks

Appendix 2. Top 500 Islamic Financial Institutions

وقالت مصادر مرجعية للأطروحة أو رسالة جامعية في الاقتصاد أو المالية الإسلامية

قائمة المجلات والدوريات ونشرت مجلة لتشجيع التمويل الإسلامي ، والخدمات المصرفية الإسلامية والاقتصاد الإسلامي في جميع أنحاء العالم

English

New Horizon – Institute of Islamic banking and Insurance – UK

True Banking – Bi monthly magazine published by Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

Global Islamic Finance Magazines – UK

Business Islamica Magazine – UAE                  

Islamic Finance Asia –

Islamic Banking and Finance – UK

Islamic Finance Today – Sri Lanka

Islamic Business and Finance Magazine – UAE

The Review – Central Bank of Bahrain

MIF Monthly – Malaysia

Halal Journal – Malaysia

Shirkah – Swiss

Journal of King Abdul Aziz University – The economics department

Islamic Research and Training Institute Journal

Journal of Islamic Economics, Banking and Finance (JIEBF) – Quartely Islami Bank Training and Research Academy

International Journal of Islamic and Middle Eastern Finance and Management –

Online magazines

Islamic Banking and Finance News –  Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

 

 

Arabic

Islamic Finance and Investments – Al masrifia

Journal of Islamic Awarness – Kuwait

Sources de référence pour la mémoire ou une thèse en finances ou en économie islamique (islamique magazines, périodiques et revues)

Liste des magazines, des périodiques et revues publiés à promouvoir la finance islamique, de la banque islamique et l’économie islamique dans le monde.

English

New Horizon – Institute of Islamic banking and Insurance – UK

True Banking – Bi monthly magazine published by Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

Global Islamic Finance Magazines – UK

Business Islamica Magazine – UAE                  

Islamic Finance Asia –

Islamic Banking and Finance – UK

Islamic Finance Today – Sri Lanka

Islamic Business and Finance Magazine – UAE

The Review – Central Bank of Bahrain

MIF Monthly – Malaysia

Halal Journal – Malaysia

Shirkah – Swiss

Journal of King Abdul Aziz University – The economics department

Islamic Research and Training Institute Journal

Journal of Islamic Economics, Banking and Finance (JIEBF) – Quartely Islami Bank Training and Research Academy

International Journal of Islamic and Middle Eastern Finance and Management –

Online magazines

Islamic Banking and Finance News –  Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

 

 

Arabic

Islamic Finance and Investments – Al masrifia

Journal of Islamic Awarness – Kuwait

Sumber rujukan untuk Disertasi atau Tesis Kewangan atau Ekonomi Islam (islamic majalah, Periodicals dan Jurnal)

Senarai Majalah, majalah dan jurnal diterbitkan untuk mempromosikan kewangan Islam, perbankan Islam dan ekonomi Islam di seluruh dunia.

New Horizon – Institute of Islamic banking and Insurance – UK

True Banking – Bi monthly magazine published by Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

Global Islamic Finance Magazines – UK

Business Islamica Magazine – UAE                  

Islamic Finance Asia –

Islamic Banking and Finance – UK

Islamic Finance Today – Sri Lanka

Islamic Business and Finance Magazine – UAE

The Review – Central Bank of Bahrain

MIF Monthly – Malaysia

Halal Journal – Malaysia

Shirkah – Swiss

Journal of King Abdul Aziz University – The economics department

Islamic Research and Training Institute Journal

Journal of Islamic Economics, Banking and Finance (JIEBF) – Quartely Islami Bank Training and Research Academy

International Journal of Islamic and Middle Eastern Finance and Management –

Online magazines

Islamic Banking and Finance News –  Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

 

 

Arabic

Islamic Finance and Investments – Al masrifia

Journal of Islamic Awarness – Kuwait

İslami Finans ve Ekonomi Tezi veya Tez için referans kaynakları (İslami Dergiler, Süreli Yayınlar ve Dergiler)

Dergi, süreli yayınlar ve dergi, dünyada İslami bankacılık ve İslami ekonomi İslami finans tanıtmak için yayınlanan listesi.

English

New Horizon – Institute of Islamic banking and Insurance – UK

True Banking – Bi monthly magazine published by Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

Global Islamic Finance Magazines – UK

Business Islamica Magazine – UAE                  

Islamic Finance Asia –

Islamic Banking and Finance – UK

Islamic Finance Today – Sri Lanka

Islamic Business and Finance Magazine – UAE

The Review – Central Bank of Bahrain

MIF Monthly – Malaysia

Halal Journal – Malaysia

Shirkah – Swiss

Journal of King Abdul Aziz University – The economics department

Islamic Research and Training Institute Journal

Journal of Islamic Economics, Banking and Finance (JIEBF) – Quartely Islami Bank Training and Research Academy

International Journal of Islamic and Middle Eastern Finance and Management –

Online magazines

Islamic Banking and Finance News –  Al Huda Center of Islamic Banking and Economics (CIBE) Pakistan

 

 

Arabic

Islamic Finance and Investments – Al masrifia

Journal of Islamic Awarness – Kuwait

La Finance Islamique

Author (s): Mr. Ruimy

Publisher (s): Arnaud Franel

ISBN10: 2-89603-141-3

 Introduction by the editor

Introduction by the editor

Islamic finance is based on strict religious principles (prohibition of usury, speculation and illegal activities – alcohol, pornography, games …) that banks seeking to implement or work around to seduce new customers.

Islamic assets have grown an annual average of 11% over the last ten years to achieve, by some estimates, 500 billion. The number of funds invested in equities, listed and unlisted real estate in Sukuk jumped from 97 in 2000 to nearly 500 today.

After presenting the religious principles governing Islamic finance, this book puts in perspective the current trends in this segment and describes, in an original and synthetic, broad overview of techniques used in financing transactions before looking management of risks.

The aim of this book is to provide practitioners with banks and financial business, a guide to the various transactions under Islamic finance, students and scholars a manual in direct financial practices banks.

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