{"product_id":"contracts-and-deals-in-islamic-finance-9781119020561","title":"Contracts and Deals in Islamic Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA very accessible and concise guide to Islamic finance    Contracts and Deals in Islamic Finance provides a clear breakdown of Islamic financial contracts and deal structures for beginners.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxi\u003c\/p\u003e \u003cp\u003eProduct Offerings xxiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Islamic Finance Space 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eModern Phase of Islamic Finance 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Bai al Inah 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinitions of Bai al Inah 13\u003c\/p\u003e \u003cp\u003eBai al Inah Process Flow 15\u003c\/p\u003e \u003cp\u003eLegal Issues with Bai al Inah 17\u003c\/p\u003e \u003cp\u003eBai al Inah as a Financial Product 19\u003c\/p\u003e \u003cp\u003eTransfer of Ownership 20\u003c\/p\u003e \u003cp\u003eDocumentation Involved 21\u003c\/p\u003e \u003cp\u003eResolutions on Bai al Inah 21\u003c\/p\u003e \u003cp\u003eConclusion 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Murabahah, Bai Mu’ajjal, and Bai Bithman Ajil 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMurabahah Sale\/Credit Sale\/Credit 25\u003c\/p\u003e \u003cp\u003eEnhancements to Murabahah 26\u003c\/p\u003e \u003cp\u003eMurabahah Working Capital 28\u003c\/p\u003e \u003cp\u003eCredit-Based Sale\/Markup or Riba 28\u003c\/p\u003e \u003cp\u003eBonafide Murabahah\/True Sale 29\u003c\/p\u003e \u003cp\u003eTrading House Model 31\u003c\/p\u003e \u003cp\u003eFinancial Services Division of a Manufacturer or Retailer 32\u003c\/p\u003e \u003cp\u003eBai Bithman Ajil 32\u003c\/p\u003e \u003cp\u003eBBA with Inah 32\u003c\/p\u003e \u003cp\u003eConclusion 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Tawarruq 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIssue of Price Fixing 37\u003c\/p\u003e \u003cp\u003eTransfer of Title 38\u003c\/p\u003e \u003cp\u003ePayment of Sales Tax 39\u003c\/p\u003e \u003cp\u003eApplications of Tawarruq in Banking Products 40\u003c\/p\u003e \u003cp\u003eReal Economic Activity 43\u003c\/p\u003e \u003cp\u003eConclusion 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Deferred Payment Sale or Credit Sale 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Entries for Murabahah by Purchase Orderer 47\u003c\/p\u003e \u003cp\u003eAccounting Entries for a Bai al Inah Contract 48\u003c\/p\u003e \u003cp\u003ePricing of Deferred Sales under Murabahah, BBA, Inah, and Tawarruq 49\u003c\/p\u003e \u003cp\u003eRisk Treatment of Deferred Payment Sales 53\u003c\/p\u003e \u003cp\u003eFixed Income Portfolio 57\u003c\/p\u003e \u003cp\u003eConclusion 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Bai Al Wafa 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Assets as Subject of Sale 60\u003c\/p\u003e \u003cp\u003eBai Al Wafa and Sale of Equities 60\u003c\/p\u003e \u003cp\u003eBai Al Wafa and Sale of Sukuk 60\u003c\/p\u003e \u003cp\u003eConclusion 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Salaam and Istisna: Deferred Delivery Sale 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSalaam 63\u003c\/p\u003e \u003cp\u003eIstisna 68\u003c\/p\u003e \u003cp\u003eConclusion 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Bai al Sarf 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBasic Rulings on Bai al Sarf 75\u003c\/p\u003e \u003cp\u003eConclusion 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Bai al Dayn 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePurchase Price, Rental Payments, Receivables, and Debt 80\u003c\/p\u003e \u003cp\u003eRental Payments Due in an Ijara Contract 81\u003c\/p\u003e \u003cp\u003eFinancial Products 81\u003c\/p\u003e \u003cp\u003eSale of Equity 82\u003c\/p\u003e \u003cp\u003eConclusion 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Bai al Urbun 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConclusion 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Ijarah and Its Variants 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNormal Ijarah 92\u003c\/p\u003e \u003cp\u003eAccounting Entries for Ijarah Contract 93\u003c\/p\u003e \u003cp\u003eIjarah Muntahiya Bi Tamleek 95\u003c\/p\u003e \u003cp\u003eAl Ijarah Thumma al Bai (AITAB) 95\u003c\/p\u003e \u003cp\u003eSale and Leaseback 96\u003c\/p\u003e \u003cp\u003eConclusion 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Wadiah 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForms of Wadiah 100\u003c\/p\u003e \u003cp\u003eEnhancements to Wadiah 100\u003c\/p\u003e \u003cp\u003eMoney Creation 104\u003c\/p\u003e \u003cp\u003eConclusion 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Qard 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eApplications of the Contract of Qard 112\u003c\/p\u003e \u003cp\u003eQard as a Deposit Instrument 113\u003c\/p\u003e \u003cp\u003eRecording of Qard 113\u003c\/p\u003e \u003cp\u003eConclusion 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Mudharabah 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimple Application of Mudharabah 117\u003c\/p\u003e \u003cp\u003ePerpetual Mudharabah 118\u003c\/p\u003e \u003cp\u003eRe-Mudharabah 118\u003c\/p\u003e \u003cp\u003eRestricted Mudharabah and Unrestricted Mudharabah 118\u003c\/p\u003e \u003cp\u003eMudharabah as a Deposit 120\u003c\/p\u003e \u003cp\u003eMudharabah as a Fund 121\u003c\/p\u003e \u003cp\u003eInterbank Mudharabah Placements 122\u003c\/p\u003e \u003cp\u003eIndicative Rate of Return 122\u003c\/p\u003e \u003cp\u003eProfit Sharing Ratio 123\u003c\/p\u003e \u003cp\u003eImportance of Disclosure and Accounting Treatments 123\u003c\/p\u003e \u003cp\u003eMudharabah as an Asset Product 124\u003c\/p\u003e \u003cp\u003eAccounting Treatment of Mudharabah Transactions 126\u003c\/p\u003e \u003cp\u003eConclusion 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Musharakah 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMusharakah and Banking 130\u003c\/p\u003e \u003cp\u003eMushrakah as Asset Product 132\u003c\/p\u003e \u003cp\u003ePooling of Assets in Mushrakah 132\u003c\/p\u003e \u003cp\u003eMushrakah Mutanaqisah 133\u003c\/p\u003e \u003cp\u003eConclusion 138\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Hibah 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForms of Hibah 139\u003c\/p\u003e \u003cp\u003eRestrictions on Hibah 140\u003c\/p\u003e \u003cp\u003eApplications of Hibah in Banking 140\u003c\/p\u003e \u003cp\u003eEnhancements to Hibah 142\u003c\/p\u003e \u003cp\u003eConclusion 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Kafalah 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWho Can Be a Guarantor? 147\u003c\/p\u003e \u003cp\u003eProducts Based on Kafalah 148\u003c\/p\u003e \u003cp\u003eBack-to-Back Guarantees 148\u003c\/p\u003e \u003cp\u003eConclusion 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Wakalah, Hawalah, Ibra, and Rahn 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWakalah 151\u003c\/p\u003e \u003cp\u003eHawalah 153\u003c\/p\u003e \u003cp\u003eIbra 156\u003c\/p\u003e \u003cp\u003eRahn 159\u003c\/p\u003e \u003cp\u003eConclusion 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Shariah: Sources, Interpretation, and Implementation 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eModern-Day Ijtihad 165\u003c\/p\u003e \u003cp\u003eWhose Shariah Is It, Anyway? 167\u003c\/p\u003e \u003cp\u003eConclusion 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Islamic Asset Management and Shariah Screening 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Markets 177\u003c\/p\u003e \u003cp\u003eIPO Stage 177\u003c\/p\u003e \u003cp\u003eMarket Integrity 180\u003c\/p\u003e \u003cp\u003eMarket Regulation 183\u003c\/p\u003e \u003cp\u003eValuations 187\u003c\/p\u003e \u003cp\u003eZero Sum Game 188\u003c\/p\u003e \u003cp\u003eThe Role of Capital Markets in the Sphere of Islamic Finance 189\u003c\/p\u003e \u003cp\u003eFarmer Sukuk or Equity Notes 189\u003c\/p\u003e \u003cp\u003eConclusion 190\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Pricing, Income Distribution, and Risk Sharing in Islamic Banks 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePricing of Islamic Financial Products 191\u003c\/p\u003e \u003cp\u003ePrice versus Shariah 194\u003c\/p\u003e \u003cp\u003eBenchmark for Pricing 195\u003c\/p\u003e \u003cp\u003eCriticism on Pricing Models 195\u003c\/p\u003e \u003cp\u003eProfit Equalization Reserve 196\u003c\/p\u003e \u003cp\u003eIncome Distribution 199\u003c\/p\u003e \u003cp\u003eRisk Sharing in Islamic Banks 208\u003c\/p\u003e \u003cp\u003eConclusion 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Sukuk and Rights of Sukuk Holders 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRights of Lenders in Debt Financing 210\u003c\/p\u003e \u003cp\u003eRights of Equity Holders 212\u003c\/p\u003e \u003cp\u003eRights of Bondholders 214\u003c\/p\u003e \u003cp\u003eUse of Subsidiary Companies and Special-Purpose Vehicles 216\u003c\/p\u003e \u003cp\u003eHow Sukuk Financing Could Work? 221\u003c\/p\u003e \u003cp\u003eSale and Leaseback 223\u003c\/p\u003e \u003cp\u003eThe Role of the SPV 227\u003c\/p\u003e \u003cp\u003eOther Sukuk Structures 228\u003c\/p\u003e \u003cp\u003eIstisna Sukuk 228\u003c\/p\u003e \u003cp\u003eSimple Sukuk 229\u003c\/p\u003e \u003cp\u003eConclusion 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Risk Management for Islamic Banks 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCredit Risk 235\u003c\/p\u003e \u003cp\u003eMarket Risk 257\u003c\/p\u003e \u003cp\u003eLiquidity Risk 269\u003c\/p\u003e \u003cp\u003eProfit-Sharing Investment Account 269\u003c\/p\u003e \u003cp\u003eConclusion 273\u003c\/p\u003e \u003cp\u003eReferences 273\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Asset\/Liability Management for Islamic Banks 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGap Limit 279\u003c\/p\u003e \u003cp\u003eSpot Rates and Forward Rates 279\u003c\/p\u003e \u003cp\u003eFunding Scenarios 281\u003c\/p\u003e \u003cp\u003eShort-Term and Long-Term Rates 281\u003c\/p\u003e \u003cp\u003eTime Value of Money 288\u003c\/p\u003e \u003cp\u003eConclusion 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25: Takaful 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eContract of Agency 291\u003c\/p\u003e \u003cp\u003eShariah Issues with Insurance 292\u003c\/p\u003e \u003cp\u003eContract of Tabarru 293\u003c\/p\u003e \u003cp\u003eProduct Menu 295\u003c\/p\u003e \u003cp\u003eGeneral Takaful Business Model 300\u003c\/p\u003e \u003cp\u003eConcepts Related to Takaful 300\u003c\/p\u003e \u003cp\u003eThe Rights of the Fund over the Participant and the Rights of the Participant over the Fund 302\u003c\/p\u003e \u003cp\u003ePricing General Takaful Plans 304\u003c\/p\u003e \u003cp\u003eObservations of General Takaful 310\u003c\/p\u003e \u003cp\u003eFamily Takaful 311\u003c\/p\u003e \u003cp\u003eBasic Accounting Entries for Takaful 314\u003c\/p\u003e \u003cp\u003eTakaful Operator Models 315\u003c\/p\u003e \u003cp\u003eDistribution of Underwriting Surplus 316\u003c\/p\u003e \u003cp\u003eConclusion 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26: Pricing of Takaful Policies and Retakaful 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study 1: Corporate Medical Takaful Plan under General Takaful 319\u003c\/p\u003e \u003cp\u003eCase Study 2: Corporate Medical Takaful Plan under General Takaful 322\u003c\/p\u003e \u003cp\u003eCase Study 3: Corporate Family Takaful Plan 323\u003c\/p\u003e \u003cp\u003eDetailed Mortality Table for Life Takaful 325\u003c\/p\u003e \u003cp\u003eMortality Tables and Probability Calculations 327\u003c\/p\u003e \u003cp\u003eRisk Profiling 331\u003c\/p\u003e \u003cp\u003eConclusion 336\u003c\/p\u003e \u003cp\u003eAfterword 337\u003c\/p\u003e \u003cp\u003eAbout the Authors 341\u003c\/p\u003e \u003cp\u003eBibliography 343\u003c\/p\u003e \u003cp\u003eIndex 347\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49528844288343,"sku":"9781119020561","price":35.62,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119020561.jpg?v=1731873245","url":"https:\/\/bookcurl.com\/products\/contracts-and-deals-in-islamic-finance-9781119020561","provider":"Book Curl","version":"1.0","type":"link"}