Browsing by Topic Islamic capital markets

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Showing results 70 to 79 of 160
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  • Master


  • Authors: Wan Ayub, Wan Nor Aishahton (2015)

  • This paper aims to empirically study the impact of interest rate and exchange rate risks on Islamic bank stock returns. The data for this study is obtained from the Datastream for the period between 1996 and 2013. The methodology employed is the standard linear regression and EGARCH estimation models. The dataset used in this study involves 39 full-fledged Islamic banks across the globe. The empirical evidence reveals that market risk is the major determinant of the sensitivity of Islamic bank stock returns. Both methods are used in this study indicates that the coefficients of market rate returns ... Available in physical copy only (Call Number: t HG 4551 W244I)

  • introduction to sukuk islamic debt.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Iqbal, Munawar; Ramadili Mohd, Shamsher Mohamad (2012)

  • This book is the outcome of a joint effort of a number of senior practising professionals as well as leading research scholars and educators in Islamic finance. The result is a reliable book on the subject of sukuk securities. Though this type of security is new ro modern Islamic finance, it has its historical roots some centuries earlier as a novel instrument developed in the Turkish Empire based on earlier practices of government treasuries to raise money. Available in physical copy only (Call Number: HG 4651 I82I)

  • IRTI_collaborates_CMDA_maldives_conduct_training_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • The Islamic Research and Training Institute (IRTI) of the IDB has collaborated with the Capital Market Development Authority (CMDA) of the Maldives to successfully conduct a three day training program with the theme "Islamic Capital Market". The training was conducted after a five-year gap. The purpose of the training, held from the 25th-27th June 2018 at Champa Central Hotel, was to provide training on Islamic capital market matters for finance industry stakeholders.

  • Is_the_long_term_profit_rate_of_Malaysian_shamsher.pdf.jpg
  • Journal Article


  • Authors: Adejoke, Adesina-Uthman Ganiyat; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad; Hassan, M. Kabir (2013)

  • Decomposition of yield curves is important for pricing of fixed income instruments, inflation management, and modeling term structure of interest rates. Therefore, this study investigates whether the long term profit rate of different classes of Sukuk (Islamic bond) is a viable predictor of future spot profit rates. Data on Malaysian Sukuk from 2001-2010 was used to estimate yield curves and forward rates. Regression findings suggest that the forward rate is a weak predictor of future spot profit rate, implying long term profit rates are not average of future spot rate s on long term Sukuk. The findings do not support the expectation hypothesis. However, comparison with securities of ...

  • chapter 5_the islamic capital market_obiyathulla.jpg.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath (2017)

  • Capital markets play an increasingly important role in modern economies. Though a part of the financial sector which they share with the banking system, capital markets while complementing banks can enhance risk sharing and thereby minimise macroeconomic vunerability. Economists typically divide the overall macro economy into two parts, the real sector and the financial sector. The real sector represents the productive capacity of the economy and produces the goods and services that accounts for a nation's Gross Domestic Product (GDP). Available in physical copy only (Call Number: HG 3368 A6 I82Ba)

  • chapter 7_islamic capital market_sukuk_ziyaad.jpg.jpg
  • Chapter in Book


  • Authors: Mahomed, Ziyaad (2017)

  • Sukuk are certificates of equal value that represent ownership in tangible assets, usufruct and services, and equity of identified project (AAOIFI, FAS 17 (2010)). They present undivided pro rata ownership of underliying assets (Securities Commission Malaysia, 2011). While sukuk are generally taken to be the counterpart of bonds, they differ from conventional bonds in six basic aspects (Ariff et al., 2012). This chapter explains the sukuk structure and its changing forms. Then, the chapter turns to the discussion of sukuk, capital structure and value of the firm. Before providing a conclusion. issues and challenges faced by the sukuk market are deliberated. Available in physical co...

  • islamic capital markets and development.pdf.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2013)

  • The question of whether capital markets (and the financial sector) are necessary for economic growth and development appeared to have been settled. However, the recent spate of financial crises and the devastating effect they have had on growth and macroeconomic stability have re-stoked questions; not so much about whether the capital markets are necessary for growth as whether they are playing the role expected of them.

  • islamic_capital_markets_comparative_approach_cover.jpg.jpg
  • Book


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2013)

  • The book begins with an introductory chapter of founding thoughts of markets, asset prices, risk, uncertainty, and risk sharing. The risk-sharing philosophy runs throughout the book. The first three chapters provide the foundation. Chapter 4 through 12 examine each Islamic capital markets or conventional market and products. The final chapter, in providing an overall conclusion, examines the role of government in developing capital markets, specifically, Islamic capital markets.

  • Islamic_capital_markets.pdf.jpg
  • Book


  • Authors: Muhammad, Marjan; Sairally, Beebee Salma; Habib, Farrukh (2015)

  • The book presents the various aspects of the theory of Islamic capital markets (ICM) and its operations by starting with the simplest ideas and moving on to the complex applied issues. The topics covered include: an overview of ICM and its development; Shari'ah principles, contracts and issues; regulatory and governance frameworks; risk management, accounting and taxation issues; details on different segments of the ICM, including sukuk, Shari'ah-compliant stocks, Islamic fund management, Islamic private equity and venture capital, Islamic derivatives and Islamic structures investment products; and future directions for the ICM.

  • chapter 5_the islamic capital market_obiyathulla.jpg.jpg
  • Chapter in Book


  • Authors: Mohd Rasid, Mohamed Eskandar Shah (2017)

  • The global Islamic finance industry has evolved from a small industry to a dynamic, robust, and competitive one. Currently, the industry, built on the notion of justice and fairness, has a global asset size of approximately USD2 trillion (MIFC, 2016). Despite the soft global economic outlook, this industry is expected to grow as many more nations are embracing this alternative system that is proven to be not only profitable but also resilient to macroeconomic shocks. Available in physical copy only (Call Number: HG 3368 A6 I82Ba)

Browsing by Topic Islamic capital markets

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 70 to 79 of 160
  • item.jpg
  • Master


  • Authors: Wan Ayub, Wan Nor Aishahton (2015)

  • This paper aims to empirically study the impact of interest rate and exchange rate risks on Islamic bank stock returns. The data for this study is obtained from the Datastream for the period between 1996 and 2013. The methodology employed is the standard linear regression and EGARCH estimation models. The dataset used in this study involves 39 full-fledged Islamic banks across the globe. The empirical evidence reveals that market risk is the major determinant of the sensitivity of Islamic bank stock returns. Both methods are used in this study indicates that the coefficients of market rate returns ... Available in physical copy only (Call Number: t HG 4551 W244I)

  • introduction to sukuk islamic debt.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Iqbal, Munawar; Ramadili Mohd, Shamsher Mohamad (2012)

  • This book is the outcome of a joint effort of a number of senior practising professionals as well as leading research scholars and educators in Islamic finance. The result is a reliable book on the subject of sukuk securities. Though this type of security is new ro modern Islamic finance, it has its historical roots some centuries earlier as a novel instrument developed in the Turkish Empire based on earlier practices of government treasuries to raise money. Available in physical copy only (Call Number: HG 4651 I82I)

  • IRTI_collaborates_CMDA_maldives_conduct_training_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • The Islamic Research and Training Institute (IRTI) of the IDB has collaborated with the Capital Market Development Authority (CMDA) of the Maldives to successfully conduct a three day training program with the theme "Islamic Capital Market". The training was conducted after a five-year gap. The purpose of the training, held from the 25th-27th June 2018 at Champa Central Hotel, was to provide training on Islamic capital market matters for finance industry stakeholders.

  • Is_the_long_term_profit_rate_of_Malaysian_shamsher.pdf.jpg
  • Journal Article


  • Authors: Adejoke, Adesina-Uthman Ganiyat; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad; Hassan, M. Kabir (2013)

  • Decomposition of yield curves is important for pricing of fixed income instruments, inflation management, and modeling term structure of interest rates. Therefore, this study investigates whether the long term profit rate of different classes of Sukuk (Islamic bond) is a viable predictor of future spot profit rates. Data on Malaysian Sukuk from 2001-2010 was used to estimate yield curves and forward rates. Regression findings suggest that the forward rate is a weak predictor of future spot profit rate, implying long term profit rates are not average of future spot rate s on long term Sukuk. The findings do not support the expectation hypothesis. However, comparison with securities of ...

  • chapter 5_the islamic capital market_obiyathulla.jpg.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath (2017)

  • Capital markets play an increasingly important role in modern economies. Though a part of the financial sector which they share with the banking system, capital markets while complementing banks can enhance risk sharing and thereby minimise macroeconomic vunerability. Economists typically divide the overall macro economy into two parts, the real sector and the financial sector. The real sector represents the productive capacity of the economy and produces the goods and services that accounts for a nation's Gross Domestic Product (GDP). Available in physical copy only (Call Number: HG 3368 A6 I82Ba)

  • chapter 7_islamic capital market_sukuk_ziyaad.jpg.jpg
  • Chapter in Book


  • Authors: Mahomed, Ziyaad (2017)

  • Sukuk are certificates of equal value that represent ownership in tangible assets, usufruct and services, and equity of identified project (AAOIFI, FAS 17 (2010)). They present undivided pro rata ownership of underliying assets (Securities Commission Malaysia, 2011). While sukuk are generally taken to be the counterpart of bonds, they differ from conventional bonds in six basic aspects (Ariff et al., 2012). This chapter explains the sukuk structure and its changing forms. Then, the chapter turns to the discussion of sukuk, capital structure and value of the firm. Before providing a conclusion. issues and challenges faced by the sukuk market are deliberated. Available in physical co...

  • islamic capital markets and development.pdf.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2013)

  • The question of whether capital markets (and the financial sector) are necessary for economic growth and development appeared to have been settled. However, the recent spate of financial crises and the devastating effect they have had on growth and macroeconomic stability have re-stoked questions; not so much about whether the capital markets are necessary for growth as whether they are playing the role expected of them.

  • islamic_capital_markets_comparative_approach_cover.jpg.jpg
  • Book


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2013)

  • The book begins with an introductory chapter of founding thoughts of markets, asset prices, risk, uncertainty, and risk sharing. The risk-sharing philosophy runs throughout the book. The first three chapters provide the foundation. Chapter 4 through 12 examine each Islamic capital markets or conventional market and products. The final chapter, in providing an overall conclusion, examines the role of government in developing capital markets, specifically, Islamic capital markets.

  • Islamic_capital_markets.pdf.jpg
  • Book


  • Authors: Muhammad, Marjan; Sairally, Beebee Salma; Habib, Farrukh (2015)

  • The book presents the various aspects of the theory of Islamic capital markets (ICM) and its operations by starting with the simplest ideas and moving on to the complex applied issues. The topics covered include: an overview of ICM and its development; Shari'ah principles, contracts and issues; regulatory and governance frameworks; risk management, accounting and taxation issues; details on different segments of the ICM, including sukuk, Shari'ah-compliant stocks, Islamic fund management, Islamic private equity and venture capital, Islamic derivatives and Islamic structures investment products; and future directions for the ICM.

  • chapter 5_the islamic capital market_obiyathulla.jpg.jpg
  • Chapter in Book


  • Authors: Mohd Rasid, Mohamed Eskandar Shah (2017)

  • The global Islamic finance industry has evolved from a small industry to a dynamic, robust, and competitive one. Currently, the industry, built on the notion of justice and fairness, has a global asset size of approximately USD2 trillion (MIFC, 2016). Despite the soft global economic outlook, this industry is expected to grow as many more nations are embracing this alternative system that is proven to be not only profitable but also resilient to macroeconomic shocks. Available in physical copy only (Call Number: HG 3368 A6 I82Ba)