Conceptual Summary - IFIP: Leasing and Investment Funds
The following is a broad, general conceptual summary of the contents of Islamic Finance in Practice: Leasing and Investment Funds. A more detailed discussion of that book can be found at Discussion of Book - IFIP: Leasing and Investment Funds.
I. Background
II. Investment Funds: Money from the Shari`ah-Compliant Investors
A. Fund Structure and Structural Considerations (Particularly Shari`ah and Tax)
B. Cash Flows: Investors to Fund to Tax-Efficient Intermediaries to Investments, and the Reverse
C. The Offering Process
D. The Fund Structure
E. Offering Documents
F. Fund Documents
G. Shari`ah Supervisory Boards: Functions, Roles and Authorities
H. Comprising a Shari`ah Supervisory Board
I. Fatawa in the Investment Fund Context
J. Consulting Agreements with Shari`ah Scholars
III. The Lease (Ijara)
A. Some Fundamental Ijara Principles
B. A Generic Bifurcated Ijara Structure: Historical Development and Importance of the Structure
C. Cash Flows: Infusion and Disbursement
D. Transactional Parties
E. Transactional Documentation
F. Collateral Security
G. Remedies
H. Comparative Complexity of Shari`ah Structures and Conventional Finance Leases (Leveraged Leases)
I. Structural Variation: All Cash Acquisitions with Subsequent Financings – U.S.
J. Structural Variation: All Cash Acquisitions with Subsequent Financings – U.K.
K. Structural Variation: Jurisdictions with Immediate Taxation of Options
L. Structural Variation: Usufruct Transactions
M. Structural Variation: Residual Interest Transactions
N. Cross Collateralized Pools in Two Jurisdictions
O. Single Islamic Tranche Financings in Project and Infrastructure Transactions
P. Construction Projects and Istisna`a – Ijara Structures
Actual table of contents to be inserted upon release of book.
I. Background
II. Investment Funds: Money from the Shari`ah-Compliant Investors
A. Fund Structure and Structural Considerations (Particularly Shari`ah and Tax)
B. Cash Flows: Investors to Fund to Tax-Efficient Intermediaries to Investments, and the Reverse
C. The Offering Process
D. The Fund Structure
E. Offering Documents
F. Fund Documents
G. Shari`ah Supervisory Boards: Functions, Roles and Authorities
H. Comprising a Shari`ah Supervisory Board
I. Fatawa in the Investment Fund Context
J. Consulting Agreements with Shari`ah Scholars
III. The Lease (Ijara)
A. Some Fundamental Ijara Principles
B. A Generic Bifurcated Ijara Structure: Historical Development and Importance of the Structure
C. Cash Flows: Infusion and Disbursement
D. Transactional Parties
E. Transactional Documentation
F. Collateral Security
G. Remedies
H. Comparative Complexity of Shari`ah Structures and Conventional Finance Leases (Leveraged Leases)
I. Structural Variation: All Cash Acquisitions with Subsequent Financings – U.S.
J. Structural Variation: All Cash Acquisitions with Subsequent Financings – U.K.
K. Structural Variation: Jurisdictions with Immediate Taxation of Options
L. Structural Variation: Usufruct Transactions
M. Structural Variation: Residual Interest Transactions
N. Cross Collateralized Pools in Two Jurisdictions
O. Single Islamic Tranche Financings in Project and Infrastructure Transactions
P. Construction Projects and Istisna`a – Ijara Structures
Actual table of contents to be inserted upon release of book.
