{"product_id":"islamic-banking-in-practice-volume-2-sukuk-paperback","title":"Islamic Banking in Practice, Volume 2: Sukuk - Paperback","description":"\u003cp\u003eby \u003cb\u003eSafdar Alam\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eThis is How Islamic Banking Really Works\u003c\/p\u003e\u003cp\u003eVolume 2 of the \u003cem\u003e\"Islamic Banking in Practice\"\u003c\/em\u003e series covers the broad and subtle subject of Sukuk.\u003c\/p\u003e\u003cp\u003eIn a sector where publications focus on theory and are \u003cstrong\u003erarely written by experienced practitioners\u003c\/strong\u003e, the \u003cem\u003e\"Islamic Banking in Practice\"\u003c\/em\u003e series concentrates firmly on market practice.\u003c\/p\u003e\u003cp\u003eSukuks (sometimes referred to as Islamic versions of bonds) are one of the most visible products in Islamic banking, and their global reach has ensured a rapid growth in issuance. This volume will explain how Sukuks work and why they were created.\u003c\/p\u003e\u003cp\u003eThe reader will be guided in how to structure a Sukuk product from first principles of Islamic commercial law. We will discover how a simple purchase of an asset can evolve into a complex structure to issue a $1bn Sukuk.\u003c\/p\u003e\u003cp\u003eMost of the different major types of Sukuk in issuance will also be described in detail, such as: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eIjara Sukuk\u003c\/li\u003e\n\u003cli\u003eMudarabah Sukuk\u003c\/li\u003e\n\u003cli\u003eWakala Sukuk\u003c\/li\u003e\n\u003cli\u003eMusharakah Sukuk\u003c\/li\u003e\n\u003cli\u003eHybrid Sukuk\u003c\/li\u003e\n\u003cli\u003ePerpetual Sukuk\u003c\/li\u003e\n\u003cli\u003eProject Finance \/ Istisna Sukuk\u003c\/li\u003e\n\u003cli\u003eMurabaha Sukuk\u003c\/li\u003e\n\u003cli\u003eEquity-linked or convertible or exchangeable Sukuk\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eThis will be reinforced through the presentation and detailed analysis of market transactions by examination of prospectuses that are publicly available.\u003c\/p\u003e\u003cp\u003eAt all stages, the focus will be on the aspects of Sukuk that relate to compliance with the rules of Islamic banking. Areas covered include: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003ethe issuance process\u003c\/li\u003e\n\u003cli\u003easset injection\u003c\/li\u003e\n\u003cli\u003epricing and relation to underlying asset price\u003c\/li\u003e\n\u003cli\u003ehow asset price risk is managed and mitigated\u003c\/li\u003e\n\u003cli\u003eShariah compliance, and how the risk of non-compliance is managed\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eOther relevant areas such as credit rating, defaults and the impact of introducing assets (including the controversial topic of a \"true sale\") will be covered. The key development in the markets as a consequence of AAOIFI rule changes are analysed.\u003c\/p\u003e\u003cp\u003eWe will see a picture emerge of instruments, and markets, that behave in a manner far removed from the existential nature of the classic contracts that underpin the transactions.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eREVIEW OF VOLUME 1\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\"This is a book written by a practitioner in Islamic Finance, Safdar Alam, about what many would consider to be quite a dry topic, that of Islamic Banking. In fact, that is quite simply not the case.\u003c\/p\u003e\u003cp\u003eThis is a book as the author describes it as \"\u003cem\u003eA download of what I have done and what I know.\u003c\/em\u003e\"\u003c\/p\u003e\u003cp\u003eFrom its very outset, this first volume, which tackles money market, FX and other market contracts, gives the view of a pioneer in the industry who was challenged with a blank sheet of paper and asked to create something from the ground up, without any guidance, without a frame of reference and the minimum of support infrastructure.\u003c\/p\u003e\u003cp\u003eThe story that unfolds is very readable.\u003c\/p\u003e\u003cp\u003eThe book captures the imagination vividly of what it was really like in this industry less than 20 years ago, when the pioneering spirit of a few created the global industry that we now see today.\u003c\/p\u003e\u003cp\u003eThis is about as real as it gets because there is a very big difference between creating something yourself and replicating something that has already been created. The author, in both a logical and engaging fashion takes us through this journey and shares his insights \"warts and all\" of what it took to do the needful.\u003c\/p\u003e\u003cp\u003eI would consider this book as essential reading for practitioners, students, academics and anyone who shares an interest in finding out how something new is created from the ground up. I, for one, eagerly await the sequel in Volume 2 on Sukuk.\"\u003c\/p\u003e\u003cp\u003eBy Daud Vicary Abdullah Managing Director of DVA Consulting and former President and CEO of INCEIF The Global University of Islamic Finance\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 346\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.72 x 9.02 x 5.98 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 25, 2019\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42712768348223,"sku":"9781913203009","price":44.28,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/c8646fa3f6cc6e96cb14811addac7615.webp?v=1765062459","url":"https:\/\/dhlswag.com\/products\/islamic-banking-in-practice-volume-2-sukuk-paperback","provider":"BBB","version":"1.0","type":"link"}