Islamic Capital Markets: A Comparative Approach (Third Edition)

This textbook looks at the similarities and differences between Islamic capital markets and conventional capital markets. It explains each particular topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments.In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate. Ideal for both students and current practitioners, it fills a large gap in the current literature on the subject. Whereas most books in this field cover the topic only superficially, this book offers the depth of coverage and academic rigor needed by professionals and serious students. Unlike competing texts that focus mainly on Shariah and qualitative issues of capital markets, this book has the right blend of qualitative and quantitative material. It covers all key areas of a conventional capital markets text but infuses the Islamic/Shariah aspects.