Islamic finance has grown exponentially since 1963 and has reached more than 70 countries around the world with the asset size of about $2.5 trillion. The Islamic financial system today comprises a sizable asset base and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply. This book provides a new source of understanding of the Islamic financial products in view of facilitating academia, industrialists, professionals, product designers, students and policymakers globally. There is a mass of literature on Islamic finance available to the market, but very little research is found in the form of book exclusively on Islamic financial products and their structures. Thus, this book is a timely contribution to the global market with Islamic financial product solutions.

Autorentext

Mohd Ma'Sum Billah is Professor of Finance and Insurance at the Islamic Economics Institute, King Abdulaziz University, Saudi Arabia. He is a member of various organizations and groups, including the working group of the Shari'ah Compliance functions, the AAIOFI Governance & Ethics Board (AGEB), AAIOFI, Bahrain and the Audit Committee, ACIG, Saudi Arabia alongside being an advisor to ICMIF, London. He is an author of 31 books and chapters in several books in the areas of Islamic and comparative finance, insurance, investment, capital markets, business, asset management and e-Commerce. He has also published more than 150 articles in Islamic and comparative finance, banking, capital markets, insurance, business and social finance and completed nine funded research projects successfully on different issues of Islamic and comparative finance and commerce funded by the Malaysian government and the Central Bank. He has presented more than 200 papers and lectures at conferences, summits, conventions, seminars, executive workshops and forums in the specialized issues of Islamic finance, insurance, capital market, investment, business, social finance and cryptocurrency.

Inhalt

Part I: An Overview of Islamic Financial System

Chapter 1: Islamic Financial System

Chapter 2: Role of the OIC and other International Organizations towards a Sustainable Development of Islamic Finance

Chapter 3: Evolution of Islamic Financial Products and Services

Part II: Governing Principles and Strategies of Islamic Financial Products and Services

Chapter 4: Islamic Financial Policies

Chapter 5: Islamic Financial Services Board (IFSB) and Its Regulatory Functions in Islamic Financial Industries

Chapter 6: Bay' al-'Inah (buy back sale) and Its Position in the Modern Islamic Finance

Chapter 7: Instruments Facilitate Islamic Financing Chapter 8: Pricing Techniques of Islamic Financial Products

Chapter 9: Remedies for Breach of Financial Contract under Shari'ah

Part III: Islamic Financial Products

Chapter 10: Islamic Equity Financing: al-Musharakah, al-Mudharabah and al-Qiradh

Chapter 11. Islamic Debt Financing

Chapter 12. Islamic Trade Financing Instruments and Mechanisms

Chapter 13. Islamic Trade Financing Frameworks

Chapter 14: Shari'ah Model of International Trade Financing

Chapter 15: Islamic Model of International Trade and Shipping

Chapter 16: Islamic Accepted Bill

Chapter 17: Islamic Lease Financing (al-Ijarah)

Chapter 18: Islamic ***Leasing Leading to Ownership (al-IjarahTantahi Bi al-Tamleek) Chapter 19: Islamic Hire-purchase (al-IjarahThumma al-Bay'*)

Chapter 20: Islamic Manufacture Financing (al-Istisna')

Chapter 21: Islamic Manufacture Financing Contract ('Aqd al-Istisna')

Chapter 22: Islamic Venture Capital

Chapter 23: Sukuk Paradigm and Structure

Chapter 24: Islamic Loan (al-Qardh)

Chapter 25. Islamic Financial Wealth Management Chapter 26: Islamic Financial Planning

Chapter 27: Islamic Unit Trust (Micro-saving)

Chapter 28: Islamic Financing for the Sustainable Development Growth (i-SDG)

Chapter 29: Islamic Fin-tech: Digital Financial Products

Chapter 30: Islamic Cryptocurrency