Islamic Finance in Practice: Other Books
From time to time, new books will be issued as part of the Islamic Finance in Practice series. At present, the books described on this page are in the process of being prepared for publication and release. Updates as to the timing of release will be provided on the Home page of the Islamic Finance in Practice website when appropriate. If new books are added to the series, they will be described on this page.
Islamic Finance in Practice: Project and Infrastructure Finance
Islamic Finance in Practice: Project and Infrastructure Finance is a specialized volume that addresses the increasing use of Shari`ah-compliant financing techniques in capital intensive industries where limited recourse project financing techniques and private public partnership (PPP) techniques have traditionally been dominant. Examples, among many, of the industries in which these techniques are applied include infrastructure, power and electricity, oil and gas, petrochemical, mining, manufacturing, newspaper, pulp and paper, transportation, telecommunications, ports, hospitals and healthcare, and a broad range of other capital intensive industries.
The nature of project financing, particularly limited recourse project financing and PPP conceptions, is explored. The convergence in the development of each of project financing and Islamic financing is noted and discussed. Each type of financing is defined, contextually. The book then goes on to examine a broad range of Shari`ah-compliant financing structures, including different bifurcated strductures, single Islamic tranche structure, construction sale structures, partnership structures (mudaraba, musharaka, diminishing musharaka and others), sukuk structures and quadratic partnership structures. AAOIFI standards are considered. The structural discussions are built around actual case studies.
The nature of project financing, particularly limited recourse project financing and PPP conceptions, is explored. The convergence in the development of each of project financing and Islamic financing is noted and discussed. Each type of financing is defined, contextually. The book then goes on to examine a broad range of Shari`ah-compliant financing structures, including different bifurcated strductures, single Islamic tranche structure, construction sale structures, partnership structures (mudaraba, musharaka, diminishing musharaka and others), sukuk structures and quadratic partnership structures. AAOIFI standards are considered. The structural discussions are built around actual case studies.
Islamic Finance in Practice: Sukuk and Securitizations
No area of Islamic finance, investment and banking is growing as rapidly as the sukuk markets. That trend held, for the most part, through the 2007 economic crisis, and continues to be true as we emerge from that crisis. Islamic Finance in Practice: Sukuk and Securitizations is devoted to all things sukuk. It is devoted to consideration of (a) the role of sukuk in the broader capital markets, as the vehicle for accessing the finance or debt side of the Islamic capital markets, and (b) different sukuk structures that are used in practice.
This publication will survey asset securitization concepts in some depth. It will also consider the structure and nature of different types of capital markets and securities law frameworks from around the world. Even at this point, sukuk are sold in all corners of the world; that will not change. Practitioners need to have some familiarity with the different frameworks within which they must operate. The book will consider trust conceptions under the common law, and the various methodologies for achieving some of the benefits of the trust in civil law jurisdictions. The global trend toward recognition of trusts has advanced in Middle Eastern jurisdictions, in particular, because of the desire to develop the debt side of the Islamic capital markets through the sukuk mechanism: Bahrain and Oman spring to mind. The last section of this book will focus on detailed analyses of many of the sukuk structures in current use.
This publication will survey asset securitization concepts in some depth. It will also consider the structure and nature of different types of capital markets and securities law frameworks from around the world. Even at this point, sukuk are sold in all corners of the world; that will not change. Practitioners need to have some familiarity with the different frameworks within which they must operate. The book will consider trust conceptions under the common law, and the various methodologies for achieving some of the benefits of the trust in civil law jurisdictions. The global trend toward recognition of trusts has advanced in Middle Eastern jurisdictions, in particular, because of the desire to develop the debt side of the Islamic capital markets through the sukuk mechanism: Bahrain and Oman spring to mind. The last section of this book will focus on detailed analyses of many of the sukuk structures in current use.
Islamic Finance in Practice: Private Equity
Islamic Finance in Practice: Private Equity examines the topic of private equity in detail. It begins with a consideration of the history of private equity, noting the development of the different strategies of private equity investing, both as a matter of intertwined development and as a matter of divergence. The book then goes on to consider each of the primary strategies in turn. Among the strategies that are considered are leveraged buyouts of different types, venture capital, growth capital, distressed and special situations and mezzanine financings. The book examines investment screening tests, fund structures and portfolio level structures. Various portfolio structures are explored in detail, including ijara-based financings and murabaha-based financings. A range of financing alternatives are explored for each of these nominate contract forms.
