The rapid pace of progress in the Islamic financial market and
investment space, coupled with the COVID-19 pandemic and its aftermath
and recovery, has provided the necessary challenges to build a strong
case for Islamic investment. This timely and unique book focuses on the
foundations of Islamic financial markets and institutions in the context
of various products, their market application, Islamic asset management,
and regulation.
The authors provide a thorough overview of Islamic financing instruments
and markets, such as Islamic debt and equity markets, through shares and
the stock market, mutual funds, private equity, lease financing,
Sukuk, green Sukuk, money market instruments, exchange-traded funds,
cryptocurrencies, derivatives and so forth, which have emerged as
alternative sources of financing. They offer insight into the numerous
infrastructure institutions which have sprung up since the first decade
of the new century, such as the Accounting and Auditing Organizations
for Islamic Financial Institutions, Islamic Financial Services Board,
Islamic International Rating Agency, and International Islamic Liquidity
Management Corporation, as well as those being established, to satisfy
different industry needs.
With its uniquely competitive approach to the mainstream financial
market, this book facilitates a greater understanding of the concept of
Islamic investment. Through a discussion of the current state and future
prospects of Islamic financial markets, the book's theoretical and
practical approach offers academic, practitioners, researchers,
students, and general readers a well-balanced overview of Islamic
financial markets, its ethics, Shari'ah foundation, the instruments
and operational mechanism used by Islamic capital, money, and debt
markets.
