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""The standardization of Islamic financial products is currently evolving, both for Islamic derivatives & hedging methods and for Islamic bonds (Sukuk) and the process of standardization is expected to start soon also for other Islamic instruments. Islamic capital markets, and Islamic finance in general, is experiencing global rapid growth and is currently receiving more consideration also by non-Islamic investors. Islamic Finance is based on the prohibition of interest ("Riba"), excessive uncertaintly ("Gharar") and gambling ("Maysir" or "Qimar"). From these foundations, conventional financial products, such as interest-bearing instruments, options, forwards, futures, and insurances, as well as conventional practices like short-selling and leveraging, are not compliant with Islamic law ("Shariah"). Nevertheless, the Islamic finance industry has undertaken considerable efforts to create products and solutions of the same value, in many instances by replicating conventional structures in a Shariah-compliant manner. This has led to discussions between scholars and practitioners, as some scholars regard specific replication techniques merely as ploys and ruses. While no definite answer can be given yet concerning the question of Shariah-compliance for every single instrument, some trends are emerging in this dynamic market. Islamic derivative products are essential for asset management and risk management in any Islamic context, and provide answers to many of the investors? needs. This book covers all Islamic derivatives and structured products including state of the art Islamic short-selling methods used by hedge funds and gives a comprehensive overview of current Islamic capital markets. It takes a practical approach addressing practical issues in risk management and investing for both Islamic and non-Islamic readers. .Contents A. Introduction B. Islamic capital market instruments 1. Hedging and Islamic derivatives (explaining many de facto practices used by Islamic financial institutions, and potential future applications not yet broadly applied; standardization and financial engineering) 2. Sukuk (Islamic bonds, current trends and issues in the market, standardization etc.) 3. Islamic funds (incl. specific hedge-fund practices, Islamic REITs, Islamic Private Equity funds, brief overview on market indices) 4. Islamic structured products (all currently existing types of Shariah-compliant structuring principles, example products, etc.) C. Islamic risk management 1. Risk management issues in Islamic contracts (overview, main types of risk, differences to risk management in conventional finance, etc.) 2. Basel II for Islamic financial instruments (brief overview on IFSB rules, etc.) 3. Risk management of basic financing modes (analysing all basic Islamic financing modes, e.g. Murabaha, PLS modes, with regards to their intrinsic risk and their management, as well as their Basel II risk weights etc.) 4. Risk management of Islamic funds (market risk, credit risk, ...) 5. Risk management of Sukuk (market risk, credit risk, operational risks, ...) 6. Risk management of Islamic structured products D. Outlook E. Annex 1. Bibliography 2. Index"-- Provided by publisher."This book covers all Islamic derivatives and structured products including state of the art Islamic short-selling methods used by hedge funds and gives a comprehensive overview of current Islamic capital markets. It takes a practical approach addressing practical issues in risk management and investing for both Islamic and non-Islamic readers"-- Provided by publisher."

"A comprehensive look at the essentials of Islamic capital markets Bringing together theoretical and practical aspects of capital markets, Islamic Capital Markets offers readers a comprehensive insight into the institutions, instruments, and regulatory framework that comprise Islamic capital markets. Also exploring ideas about money, central banking, and economic growth theory and their role in Islamic capital"

"Sebagai sebuah institusi keuangan, perbankan syariah tentunya memiliki kemungkinan terjadinya permasalahan yang berdampak terhadap penurunan solvabilitas. Munculnya permasalahan pada perbankan syariah tersebut tentunya membutuhkan wewenang dari otoritas keuangan. Salah otoritas yang memiliki kewenangan tersebut adalah Lembaga Penjamin Simpanan melalui pelaksanaan fungsi resolusi bank. Fungsi resolusi tersebut dilakukan dengan penanganan dan penyelesaian permasalahan solvabilitas Bank (bank bermasalah) yang salah satu opsinya adalah pengalihan aset dan kewajiban. Opsi tersebut dapat disebut juga sebagai metode purchase and assumption (P&A). Opsi resolusi metode P&A adalah mengalihkan aset dan kewajiban dari bank bermasalah kepada calon Bank Penerima (Assuming Bank). Dalam hal terdapat bank syariah yang mengalami permasalahan solvabilitas tentunya perlu dilakukan pengukuran terhadap bank syariah lain yang berpotensi menjadi calon Bank Penerima. Pengukuran tersebut menggunakan metode kuantitatif dalam bentuk balance sheet implementation (simulasi) untuk mengetahui dampak dari pengalihan aset dan kewajiban terhadap permodalan dan likuiditas calon Bank Penerima. Selain mekanisme simulasi dilakukan juga metode kualitatif melalui in depth interview untuk memperoleh gambaran besar yang menjadi perhatian dalam proses resolusi bank syariah. Berdasarkan hasil analisis, proses resolusi bank syariah dengan menggunakan opsi P&A dapat dilakukan pada bank bermasalah dengan ukuran aset menengah-kecil dengan Bank Penerima berada pada level aset yang lebih besar. Hal ini sejalan dengan semakin besar permasalahan bank maka akan semakin memerlukan pelaksanaan resolusi yang semakin kompleks.

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As a financial institution, Islamic banking certainly has the possibility of problems occurring which will reduce solvency. The emergence of problems in Islamic banking certainly requires authority from the financial authority. One of the authorities that has this authority is the Indonesia Deposit Insurance Corporation through the implementation of the bank's resolution function. The resolution function is carried out by handling and solving bank solvency problems (problem banks), one of the options is the transfer of assets and liabilities. This option can also be referred to as the purchase and assumption (P&A) method. The resolution option for the P&A method is to transfer the assets and liabilities of the troubled bank to the prospective Assuming Bank. In the event that there are Islamic banks experiencing solvency problems, it is necessary to measure other Islamic banks that have the potential to become candidates for Assuming Banks. This measurement uses a quantitative method in the form of a balance sheet implementation (simulation) to determine the impact of the transfer of assets and liabilities on the capital and liquidity of the prospective Assuming Bank. In addition to the simulation mechanism, qualitative methods are also carried out through in-depth interviews to obtain a big picture of the concerns in the resolution process for Islamic banks. Based on the results of the analysis, the resolution process for Islamic banks using the P&A option can be carried out for troubled banks with medium-small asset sizes with Assuming Banks at a higher asset level. This is in line with the bigger the bank's problems, the more it will require the implementation of increasingly complex resolutions."