Islamic Finance: Understanding the Risk Management of the Islamic Bonds, Sukuk - Couverture souple

Abdo, Hafez; Wakkas, Firas

 
9783845437309: Islamic Finance: Understanding the Risk Management of the Islamic Bonds, Sukuk
Couverture souple
ISBN 10 : 3845437308 ISBN 13 : 9783845437309
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

This book aims to provide a critical assessment of the Islamic Sukuk intrinsic risk financial structure while considering the theoretical absence of the conventional hedging tools, inter alia, options, forwards, and futures. Intrinsic risk management is that pertains to the very structure of Sukuk such as deferred payment Salam Sukuk; extrinsic however, is the diversified portfolio of bonds and/or currencies. Although Islamic finance bases its products structures on the prohibitions of interest and trading under uncertainty, this prohibition could not immunize Sukuk from being susceptible to interest and currency exchange risks. Therefore, practical risk management structure partially compromises the prohibitions based on the inevitability of the violation to protect the investment. Consequently, the window that once was closed in the face of financial structure is now opened. The Islamic Bonds, Sukuk are regulated and administered by means of the Islamic Law, Share’a; this makes them different from the well-known conventional bonds.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

This book aims to provide a critical assessment of the Islamic Sukuk intrinsic risk financial structure while considering the theoretical absence of the conventional hedging tools, inter alia, options, forwards, and futures. Intrinsic risk management is that pertains to the very structure of Sukuk such as deferred payment Salam Sukuk; extrinsic however, is the diversified portfolio of bonds and/or currencies. Although Islamic finance bases its products structures on the prohibitions of interest and trading under uncertainty, this prohibition could not immunize Sukuk from being susceptible to interest and currency exchange risks. Therefore, practical risk management structure partially compromises the prohibitions based on the inevitability of the violation to protect the investment. Consequently, the window that once was closed in the face of financial structure is now opened. The Islamic Bonds, Sukuk are regulated and administered by means of the Islamic Law, Share’a; this makes them different from the well-known conventional bonds.

Biographie de l'auteur

Dr Hafez Abdo is a senior lecturer in Accounting and Finance at the Nottingham Business School. His research focuses on Energy Policy, Strategic Management and Islamic Banking.Mr Firas Wakkas is a Business Development Specialist on a United Nations' Development Programme in Syria, and earlier was a banking adviser in the UAE.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3845437308
ISBN 13 
9783845437309
Reliure
Broché
Nombre de pages
100
Coordonnées du fabricant
non disponible
Personne responsable
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