Additional information
by Hussein Kureshi (Author), Mohsin Hayat (Author)
A 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. The embedded requirements within selected Islamic financial contracts, such as risk weightage, capital structures, creations of cash flows, and balance sheets, are explained fully to provide a solid understanding of the backbone of the industry. Aimed primarily at beginners and those with a background in conventional banking, this book guides readers through the major contracts, how they're applied, and how to discern a contract's legitimacy. Case studies and interviews with bankers and global regulators provide real-life examples of contract application, and the author's own experiences provide deep insight into the everyday issues that arise. Ancillary instructor's materials include PowerPoint slides and lecture notes that facilitate use in the classroom.
Literature describing the application of Islamic financial contracts is few and far between, and those providing a basic breakdown of these contracts and questioning their validity are rarer still. This book is the first of its kind, offering a basic approach to understanding Islamic contracts, designed for the true beginner.
- Understand the current contracts applied in Islamic banking
- Learn how contracts are applied across different jurisdictions
- Identify illegitimate contracts and those not in the spirit of Shariah law
- Examine the current economic realities surrounding Islamic finance
By highlighting the underlying themes in Islamic finance and assessing the current practices, this book gives readers the solid understanding and up-to-date perspective that form a solid foundation upon which successful Islamic finance is practiced. For a solid introduction to the Islamic finance industry, Contracts and Deals in Islamic Finance is an accessible, practical guide.
Front Jacket
Contracts and Deals in Islamic Finance offers a comprehensive resource for understanding many of the underlying themes in Islamic finance and banking, and explores the complex enhancements to traditional contracts that are the pillars of Islamic banking.
The authors Hussain Kureshi and Mohsin Hayat--experts in the field of Islamic finance--address modern economic realities surrounding Islamic financial transactions as well as the application of contracts across different jurisdictions. The authors explain how these contracts are created and give those unfamiliar with Islamic financial practices a guide for discerning the legitimacy of these contracts and a resource for determining if a contract conforms to the spirit of shariah law.
Step by step, this comprehensive resource clearly spells out the values inherent in Islamic financial structures and contracts. It details aspects of process flows, accounting treatments, risk analyses, and shariah analysis in a single volume. The text is written in an accessible style that clearly and concisely explains the technicalities of Islamic finance contracts and describes how they differ from conventional transactions. The authors also walk the reader through the contracts and structures and offer an easy way for individuals not familiar with the religion or the language to understand shariah contracts and products.
Contracts and Deals in Islamic Finance includes a practical and well-researched perspective on contracts and other transactions. It is filled with illustrative real-life examples of contract application and offers an understanding of shariah law based on the authors' first-hand experience and through numerous interviews with savvy bankers and global regulators.
This text is accompanied by teaching ancillaries such as PowerPoint slides and instructor notes for an enhanced learning experience.
Back Jacket
Contracts and Deals in Islamic Finance offers a comprehensive resource for understanding many of the underlying themes in Islamic finance and banking, and explores the complex enhancements to traditional contracts that are the pillars of Islamic banking.
The authors Hussain Kureshi and Mohsin Hayat--experts in the field of Islamic finance--address modern economic realities surrounding Islamic financial transactions as well as the application of contracts across different jurisdictions. The authors explain how these contracts are created and give those unfamiliar with Islamic financial practices a guide for discerning the legitimacy of these contracts and a resource for determining if a contract conforms to the spirit of shariah law.
Step by step, this comprehensive resource clearly spells out the values inherent in Islamic financial structures and contracts. It details aspects of process flows, accounting treatments, risk analyses, and shariah analysis in a single volume. The text is written in an accessible style that clearly and concisely explains the technicalities of Islamic finance contracts and describes how they differ from conventional transactions. The authors also walk the reader through the contracts and structures and offer an easy way for individuals not familiar with the religion or the language to understand shariah contracts and products.
Contracts and Deals in Islamic Finance includes a practical and well-researched perspective on contracts and other transactions. It is filled with illustrative real-life examples of contract application and offers an understanding of shariah law based on the authors' first-hand experience and through numerous interviews with savvy bankers and global regulators.
This text is accompanied by teaching ancillaries such as PowerPoint slides and instructor notes for an enhanced learning experience.
Author Biography
HUSSAIN KURESHI has extensive experience in consumerbanking, credit risk management, loan origination, and monitoring for SME and commercial clients. He has a successful banking career that spans over 15 years and specializing in banking operations and management with international organizations.
MOHSIN HAYAT has over 20 years of institutional and international capital arket experience. Simultaneously as an entrepreneur and investor, he has specialized in creating strategic alliances in over 45 countries and building businesses in New York, Hong Kong and across Asia-Pacific. His success is driven by a keen interest in combining business knowledge and investment management fundamentals.
