G1 General Financial Markets

摘要

Ariff, Mohamed; Iqbal, Munawar and Mohamad, Shamsher, eds. The Islamic Debt Market for Sukuk Securities: The Theory and Practice of Profit Sharing Investment. Foundations of Islamic Finance. Cheltenham, U.K. and Northampton, Mass.: Elgar, 2012. Pp. xx, 222. $120.00. ISBN 978-0-85793-620-2. Thirteen papers explore the Islamic debt market instruments-sukuk instruments-and consider their importance in Islamic finance and investment ethics. Papers discuss sukuk securities, their definitions, classification, and pricing issues (Mohamed Ariff, Meysam Safari, and Shamsher Mohamad); a history of sukuk-pragmatic and idealist approaches to structuring sukuk (Abdullah Saeed and Omar Salah); a guide to Islamic finance principles and financial engineering (Munawar Iqbal); a history of Islamic public finance-gharar and risk aversion (Murat Cizakca); regulatory lessons on sukuk financial products, an opinion (Peter Casey); regulation and supervision of sukuk industry in Bahrain (Sat Paul Parashar); securitization issues and Islamic financial products with reference to sukuk (Michael T. Skully); stylized facts about Islamic sukuk markets (Nasser H. Saidi); sukuk industry development in the Bahrain capital market (Parashar); bond pricing practices in the sukuk market in Malaysia (Meor Amri Ayob); origination, issuance, marketing, and listing of sukuk securities (Ariff and Mohamad); the role of the Islamic Development Bank in Islamic capital market development (Salman Syed Ali Khan); and prospects and challenges of developing sukuk Islamic debt markets around the world (Ariff, Iqbal, and Mohamad). Ariff is Professor of Finance at Bond University and Maybank Chair Professor at the University Putra Malaysia. Iqbal is a professor at King Abdul Aziz University. Mohamad is a professor at INCEIF University. Index.