ISLAMIC CAPITAL MARKET PRINCIPLES AND PRACTICE

CAPITAL MARKETS ‘B PRINCIPLES & PRACTICES One of the predicaments that readers on the Islamic Capital Market (ICM) face is a lack of com literature that combines theoretical insight with practical knowledge of the market’s operations. This is a remarkable effort by the International Shari’ah Research Academy for Islamic Finance (ISRP Securities Commission Malaysia to answer this call. It systematically presents the various aspects of t 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;

• Shanah principles, contracts and issues; regulatory and governance frameworks;

• Risk management, accounting and taxation issues; details on different segments of the ICM, including sukük, Sharrah-compliant stocks, Islamic fu private equity and venture capital, Islamic derivatives and Islamic structured investment produce future directions for the ICM. The discussion is not confined to any specific jurisdiction; rather, it provides a comparison and anal) across different countries.

The presentation is illustrative, aided by numerous charts, figures, ta studies. It is believed that this new textbook on ICM will go a long way in filling a crucial information knowledge needs of academics, practitioners and regulators.

BY ISRA