Consulting editor(s): Rahail Ali - Hogan Lovells

Publication date: Mar 2011

Format: Hardback

Pages: 181

Price: £128.00

ISBN: 9781905783427

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The practical guide to sukuk and Islamic capital markets is very well written and comprehensive in its scope. The book provides excellent background material from which to build especially a legal perspective on the topics covered.

- Andrew White, Associate Professor of Law, Singapore Management University

Overall, the book is a welcome contribution to this important sphere of Islamic capital market.

- The Muslim World Book Review, 32:2

Review for Islamic Finance, also edited by Rahail Ali: "AJIF [American Journal of Islamic Finance] recommends "Islamic Finance: A Practical Guide" as a useful addition to the practitioner's library."

- American Journal of Islamic Finance

The Islamic finance industry has grown at a phenomenal pace over the past decade. A key driver has been the development of the Islamic capital markets, which offer tremendous potential for sovereigns, financial institutions, corporates and investors alike.

This publication comes at a key juncture in the development of the Islamic capital markets, with the global financial crisis providing an opportunity for the different players in the Islamic capital markets to re-appraise successes and failures to date. More stringent Sharia oversight has also encouraged a recent critical re-evaluation of the structures used in the Islamic capital markets.

This practical title provides a comprehensive overview of the Islamic capital markets, tracking their development from the first sukuks to the current outlook after the global economic crisis and the recent Sharia rulings of the Accounting and Auditing Organisation for Islamic Financial Institutions  in relation to sukuk. Featuring contributions by prominent practitioners - including Shibeer Ahmed from White & Case, Moinuddin Malim from Mashreq al Islami and Debashis Dey and Stuart Ure from Clifford Chance, among other leading professionals - this book analyses market trends and key Sharia and legal issues and structures. Cutting-edge topics include the standardisation of sukuk, securitisation, treasury and other capital markets and rate protection products.

With examples from practitioners who have helped to shape the Islamic capital markets, this book presents key insights for beginners, as well as more experienced practitioners. The guide is a practical handbook for legal practitioners, financial Institutions and bankers, central banks, university libraries and students and practitioners generally who have an interest in Islamic finance.