{"product_id":"9781119218807","title":"Islamic Capital Markets and Products Managing Capital and Liquidity Requirements Under Basel III","description":"\u003ch3\u003eWiley Finance\u003c\/h3\u003e\u003ch1\u003eIslamic Capital Markets and Products\u003c\/h1\u003e\u003ch2\u003eManaging Capital and Liquidity Requirements Under Basel III\u003c\/h2\u003e\u003ch3\u003eSimon Archer | Rifaat Ahmed Abdel Karim\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Islamic Banking \u0026amp; Finance\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cb\u003eEnsure Basel III compliance with expert analysis specific to Islamic Finance\u003c\/b\u003e \u003cp\u003e\u003ci\u003eIslamic Capital Markets and Products\u003c\/i\u003e provides a thorough examination of Islamic capital markets (ICM), with particular attention to the products that they offer and the legal and regulatory infrastructure within which they operate. Since Islamic banks act as asset managers, attention is paid to the regulatory challenges which they face in the light of Basel III, as regards both eligible capital and liquidity risk management. The authors of the chapters are professionals and practitioners, and write from experience. The editors also contributed to some of the chapters. \u003c\/p\u003e\n\u003cp\u003eThe markets and products covered include Islamic equities, Islamic investment certificates \u003ci\u003e(Sukūk)\u003c\/i\u003e which are Shari'ah compliant alternatives to conventional bonds, and Islamic Collective Investment Schemes. The coverage of legal and regulatory issues includes an examination of the implications for ICM of securities laws and regulations and of Basel III, as well as collateralisation issues. Shari'ah compliance aspects, in terms both of the selection criteria for Islamic equities and of the 'purification' of impermissible components of income, are also examined in some detail, as are the implications of Basel III for eligible capital in general and for Shari'ah compliant capital instruments in particular. A similar analysis is also made of the implications of the Basel III requirements for liquidity risk management and high quality liquid assets (HQLA), including Shari'ah compliant HQLA. \u003c\/p\u003e\n\u003cp\u003eThe book concludes with three case studies, two describing the ICM in Malaysia and Bahrain and a third which describes Sukūk issued as Shari'ah compliant capital instruments, followed by brief concluding remarks by the editors.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e   \u003cp\u003e\u003cb\u003e SIMON ARCHER\u003c\/b\u003e is a visiting professor at the ICMA Centre, the ground-breaking collaboration between the securities industry and Henley Business School, University of Reading (also UK). In addition to teaching, he has served as a consultant to the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB). In 2010, the Central Bank of Bahrain and Kuwait Finance House - Bahrain presented Professor Archer with a special award to recognise his contributions to the field of Islamic Finance. \u003c\/p\u003e\n\u003cp\u003eIn addition to being co-editor of \u003ci\u003eTakaful Islamic Insurance: Concepts and Regulatory Issues\u003c\/i\u003e and co-author of\u003ci\u003e Islamic Finance: The New Regulatory Challenge, Second Edition\u003c\/i\u003e (published by Wiley), Professor Archer is also co-author of the CCH International Accounting\/Financial Reporting Standards Guide and the author of a considerable number of academic papers on international accounting and on accounting, finance, and related issues in Islamic financial institutions. \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eRIFAAT AHMED ABDEL KARIM\u003c\/b\u003e was previously the CEO of the International Islamic Liquidity Management Corporation (IILM). He is a globally respected pioneer in the development of Islamic finance, and served as the inaugural Secretary General at both the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB). \u003c\/p\u003e\n\u003cp\u003eProfessor Karim received the 2016 Malaysian Royal Award for Islamic Finance. In addition to international recognition of his academic publications, which are mainly in tier-one international journals in the field of Islamic finance, he has garnered numerous accolades for his pioneering work, including the inaugural \u003ci\u003eEuromoney\u003c\/i\u003e Outstanding Contribution to the Development of Islamic Finance Award (2004) and the Islamic Development Bank Award for Islamic Banking and Finance (2010). He is the co-author of \u003ci\u003eIslamic Finance: The New Regulatory Challenge, Second Edition\u003c\/i\u003e and co-editor of\u003ci\u003e Takaful Islamic Insurance: Concepts and Regulatory Issues.\u003c\/i\u003e \u003c\/p\u003e\n\u003cp\u003eProfessor Karim is adjunct research professor at the International Centre for Education in Islamic Finance (INCEIF), The Global University of Islamic Finance, Malaysia. He is also a visiting professor at the ICMA Centre, Henley Business School, University of Reading, UK.  \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e03 January 2018\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119218807\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e328\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e25.6\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44377804374156,"sku":"9781119218807","price":125.1,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119218807_178ee9c5-0d26-47f1-9d51-022bcafcda31.jpg?v=1780101136","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781119218807","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}