This book offers a unique, in-depth, and up-to-date overview of Islamic
banking and finance, capital markets, and sukuks at the grassroots
level. It deals with one of the most potent and increasingly popular
financial instruments. It defines and explores the differences between
conventional and Sukuk bonds and also examines the integration of Sukuk
in various country contexts and both Muslim and non-Muslim economies.
The book consists of five core topics. First, it describes the evolution
of the Islamic finance industry and capital markets; second, it
discusses the basic features and instruments of Islamic banking; and
third, it illustrates the current state of capital markets and Islamic
finance. The book then examines the development of Sukuk in Islamic
capital markets and Shariah perspectives and, finally, briefly discusses
the structure of Sukuks and its development in the context of Pakistan.
In a nutshell, this book provides a basic understanding of Islamic
financial instruments, their implementation in different regions, and
their points of differentiation from conventional modes of finance;
therefore, it will be a useful addition to the literature for scholars,
researchers, and students of Islamic banking and finance.