Islamic Asset Management: An Asset Class on its Own? (Edinburgh Guides to Islamic Finance)

A guide to Sharia'ah-compliant fund systems for students, industry professionals and investorsWhat's the difference between conventional and Islamic asset management? This book reviews the Islamic asset management industry in detail, including the types of funds offered and their operational procedures, and finds that the differences are surprisingly minimal. Sharia'ah-compliant funds are therefore an attractive alternative for Muslim and non-Muslim investors alike.

Business & Money

Schoon, Natalie

Investing

Edinburgh University Press

A guide to Sharia'ah-compliant fund systems for students, industry professionals and investorsWhat's the difference between conventional and Islamic asset management? This book reviews the Islamic asset management industry in detail, including the types of funds offered and their operational procedures, and finds that the differences are surprisingly minimal. Sharia'ah-compliant funds are therefore an attractive alternative for Muslim and non-Muslim investors alike.

Finance

A complete, detailed guide to modern Islamic banking fundamentals Modern Islamic Bankingprovides a comprehensive, up-to-the-minute guide to the products, processes and legal doctrines underlying Islamic banking. Written by a pioneering practitioner in the field, this book provides thorough guidance and expert-level perspective on the principles and applications of this alternative-banking model. You'll begin by learning the fundamentals, vocabulary and key concepts of Islamic banking, then explore key products including istisna'a, murabaha, musharaka, ijara, sukuk, and salam. Coverage then moves into practical applications of Islamic products to a variety of contexts including asset management, treasury, risk management, venture capital, SME finance, micro-finance and taxation. Regulatory frameworks are discussed in detail, including extensive coverage of post-financial crisis Islamic bank valuation. 
Islamic banking has experienced rapid growth over the past decade, a trend that is set to continue given the sector's successful weathering of the financial crisis. This book brings you up to speed on this alternative way of banking, and shows you how it applies within your own current practices. 
<ul>
<li>Understand the principles of Islamic banking and finance</li> <li>Learn the products, vocabulary and key concepts of the field</li> <li>Consider the applications in a variety of financial contexts</li> <li>Explore the regulatory frameworks and valuation of Islamic banks</li> </ul>
Islamic banking practices differ from Western banking in fundamental ways — it's these differences that shielded the sector during the global crisis, but they also require practitioners to understand a whole new set of rules, products and practices. Modern Islamic Banking gives you a solid understanding of the fundamentals and expert insight into modern practical applications.

Modern Islamic Banking: Products and Processes in Practice (Wiley Finance)

Economics

John Wiley&Sons, Inc.

"The Islamic finance industry is worth about $800bn globally and is growing at an annual rate of 10 to 15 per cent. The sector's dramatic growth since 2000, when it was worth $150bn, and profusion of investment products has been fuelled by an increasing desire by Muslims for investments that comply with Islamic law. Demand has also been triggered by the big increase in wealth in the Gulf, where growth has doubled since 2002 on the back of the soaring oil price." - Financial Times, May 30, 2008 ** Islamic banking has grown rapidly over the past decade and continues to grow, while many conventional banks and financial institutions write off billions of bad debt. In 30 years, Islamic banking has developed from local provision to providers of established international financial products. This book explains the principles of Islamic banking and finance. It also provides a guide to Islamic finance products - such as istisna'a, murabaha, musharaka, mudaraba, ijara, sukuk, and salam - so that the reader can understand the key concepts and main vocabulary of Islamic finance. Additionally, the book discusses the application of Islamic products to a variety of financial contexts - e.g. asset management, treasury, risk management, raising finance, tax. Islamic Banking and Finance also provides guidance on the regulatory frameworks for Islamic finance - the role of the Sharia'a Board, UK regulation, and international financial standards.

Islamic Banking and Finance

East, Bank of London and Middle

Spiramus Press

Valuing Banks in Uncertain Times: With Special Reference to Islamic Banks

"The Islamic finance industry is worth about $800bn globally and is growing at an annual rate of 10 to 15 per cent. The sector's dramatic growth since 2000, when it was worth $150bn, and profusion of investment products has been fuelled by an increasing desire by Muslims for investments that comply with Islamic law. Demand has also been triggered by the big increase in wealth in the Gulf, where growth has doubled since 2002 on the back of the soaring oil price." ~ Financial Times, May 30, 2008 - Islamic banking has grown rapidly over the past decade and continues to grow, while many conventional banks and financial institutions write off billions of bad debt. In 30 years, Islamic banking has developed from local provision to providers of established international financial products. This book explains the principles of Islamic banking and finance. It also provides a guide to Islamic finance products - such as istisna'a, murabaha, musharaka, mudaraba, ijara, sukuk, and salam - so that the reader can understand the key concepts and main vocabulary of Islamic finance. Additionally, the book discusses the application of Islamic products to a variety of financial contexts - e.g. asset management, treasury, risk management, raising finance, tax. Islamic Banking and Finance also provides guidance on the regulatory frameworks for Islamic finance - the role of the Sharia'a Board, UK regulation, and international financial standards.

The main question this book addresses is whether it is possible to determine the value of banks in general and Islamic banks in particular using generally available valuation models. But, does this still hold in the current uncertain times? The book - now in paperback - examines the suitability of price as the right benchmark, the impact of market psychology, and the accuracy of future cash flow estimations. Over the years, numerous academics and practitioners have looked into the valuation of companies and the different techniques that can be applied. Discounted cash flow, residual income, and economic value added (EVA) are only a few of the techniques that have been researched extensively. Typically, these cover either a specific industry, or a large diverse set of listed companies, but, without exception, exclude financial institutions. The reasons for this exclusion are simply that the characteristics are different from other industries and the fact that financial institutions, specifically banks, are notoriously difficult to value. But are they really that difficult to value and if so, why? As a result of the global growth of the Islamic banking industry, it becomes increasingly important to be able to determine the value of Islamic banks and compare their ability to create value with other banks in the industry. For Islamic banks, the estimation of parameters differs, amongst other reasons, due to the different balance sheet structure and the lack of availability of market data.

This book provides a theoretical model for bank valuation and highlights the challenges in times of economic uncertainty. It consists of two parts: the first part outlines a theoretical model for bank valuation and the second part looks into associated subjects, such as behavioral aspects, responses to crisis, and the prohibition of interest. The book starts with a brief review of the theoretical framework surrounding the valuation of companies and which model appears to be most suitable for firm valuation. It then guides the reader through the application of the residual income model to value a financial institution. Subsequently, it outlines a number of practical challenges faced when applying the model. The question that then arises is how banks differ and what is the impact of these exact differences on the valuation model. Is it possible to use the same model to value a bank? What's a Bank Worth? is based on the author's earlier work Valuing Banks in Uncertain Times. There are, however, a number of differences. The most substantial change is that this book does not have a specific section for Islamic financial institutions. Instead, it has a number of additional sections dealing with asset bubbles, financial regulations, risk management, and interest. The data used predates the global financial crisis of 2007/2008. Although current events do not by definition invalidate the results, they do raise a number of related questions, such as how the model presented might hold up throughout an economic cycle and whether or not the asset bubble and subsequent bust could have been predicted. The remainder of the book explores different types of valuation models and how the selected "residual income model" can be applied to the valuation of banks, as well as to Islamic banks. It also focuses on challenges which are not necessarily only applicable to banks, and it considers issues such as the impact of the media on share prices, valuation in uncertain times, and market sentiment.

What's a Bank Worth?: Realistic Valuations of the Financial Industry

See the best price to sell, buy, or rent books by Schoon, Natalie. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Schoon, Natalie

See the best price to sell, buy, or rent books by Schoon, Natalie. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Islamic Asset Management: An Asset Class on its Own? (Edinburgh Guides to Islamic Finance)

Islamic Asset Management: An Asset Class on its Own? (Edinburgh Guides to Islamic Finance)

Modern Islamic Banking: Products and Processes in Practice (Wiley Finance)

Islamic Banking and Finance

Valuing Banks in Uncertain Times: With Special Reference to Islamic Banks

Islamic Banking and Finance

Valuing Banks in Uncertain Times: With Special Reference to Islamic Banks

What's a Bank Worth?: Realistic Valuations of the Financial Industry