Investing in Islamic Funds : A Practitioner's Perspective.
Noripah. Kamso
Bok Engelsk 2013 · Electronic books.
| Omfang | 1 online resource (299 pages)
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| Utgave | 1st ed.
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| Opplysninger | Intro -- Investing in Islamic Funds -- Contents -- List of Tables and Figures -- Foreword -- Preface -- Preface -- Acknowledgments -- Introduction Emergence of the New Global Investment Alternative -- WITNESSING THE RISE -- THE PULL OF PETRODOLLARS -- THE LONG-TERM OPPORTUNITIES: FINANCIAL CENTERS -- Who Are the Drivers, Followers, and Agents of Change for This Evolution? -- How Are Other Financial Centers Doing in Tapping These Opportunities? -- FAIR DISTRIBUTION OF WEALTH: THE NEXT GENERATION -- MOVING FORWARD: CHANGE IN MIND-SET -- NOTES -- General Reading -- CHAPTER 1 The Growth of Shariah Investments: Preparing the Next Generation -- INTRODUCTION -- THE GLOBAL ISLAMIC FUNDS INDUSTRY: WHERE IS IT NOW? -- GLOBAL PRODUCT INNOVATION OF ISLAMIC INVESTMENT PRODUCTS -- PROGNOSIS FOR ISLAMIC FINANCIAL MARKETS: WHERE ARE THEY GOING? -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 2 Fund Management within Shariah-Compliant Investment Guidelines: Is There More Reward? -- INTRODUCTION -- THE APPLICATION OF ISLAMIC ETHICS TO ASSET MANAGEMENT -- Materiality and Validity of Transactions -- Mutuality of Risk Sharing -- Investment Based on Social and Moral Values -- BENEFITS OF SHARIAH VIS-À-VIS CONVENTIONAL INVESTING -- Comparable Returns to Conventional Investments over Longer Periods -- Holistic Islamic Fund Management -- Employing Islamic Ethics for Permissible Investment -- Shariah Governance for Investment -- Islamic Advisory -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 3 Uncovering the Driving Principles of Islamic Finance: A Journey to Accumulate Wealth Responsibly -- INTRODUCTION -- THE FIVE BASIC PRINCIPLES OF ISLAMIC FINANCE -- Prohibition of Interest Payment (Riba) -- Behavior toward Risk and Uncertainty -- Prohibition of Uncertainty (Gharar) -- Prohibition of Gambling (Maysir).. - Credible Alternative -- Exercises Prudence -- Focus on Fundamentals -- Capacity to Manage Risk -- Responsible Investment -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 7 Comparative Analysis with Conventional Investing: Shariah-Compliant Investing Is Resilient, while Conventional Investing Has to Recover from Financial Crisis -- INTRODUCTION -- ISLAMIC INDICES OUTPERFORMED CONVENTIONAL INDICES -- QUALITATIVE COMPARISON OF ISLAMIC INDEX SCREENING PROCESSES -- Shariah Index Construction: Industry and Financial Ratio Screening -- Shariah Index Maintenance -- PERFORMANCE ANALYSIS OF THREE DOW JONES SHARIAH INDICES AND THEIR COUNTERPARTS -- Dow Jones Islamic Market World (DJIM) Index and Dow Jones Global Index (DJ Global) -- Dow Jones Islamic Market Asia Pacific Index and Dow Jones Asia Pacific Index -- Dow Jones Islamic Market Emerging Markets Index and Dow Jones Emerging Markets Index -- VALUE-ADDED OPTIMIZATION FOR SHARIAH PERFORMANCE -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 8 Using Performance Characteristics to Build Wealth: Empirical Evidence, Proven and Tested -- INTRODUCTION -- THE IMPACT OF BLACK SWAN EVENTS -- WHY SHARIAH INVESTING IS RESILIENT -- Global Market Index -- Europe Market -- Japan Market -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 9 The Sukuk Portfolio: A Broader Investment Universe for Mainstream Investors -- INTRODUCTION -- EMERGENCE OF DIFFERENT SUKUK STRUCTURES -- EXAMINING SUKUK INVESTMENT RESULTS -- Repeat of the Dubai Debt Crisis Unlikely -- Global Sukuk Makes a High-Quality Recovery -- Sukuk Investing Offers an Enlarged Investment Universe -- Sukuk Investing Offers Strong International Diversification -- Sukuk Investing Offers Shariah-Compliant Exposure to Financials -- CASE STUDY: SUKUK INVESTING AS A DIVERSIFICATION STRATEGY -- CONCLUSION -- NOTES.. - General Reading -- Helpful Hints -- CHAPTER 10 Shariah-Compliant UCITS Funds: Satisfying the Appetite of International Investors -- INTRODUCTION -- SOLUTION AT YOUR DOORSTEP -- PROVIDING EASE OF TRANSACTION TO INTERNATIONAL INVESTORS -- BRINGING SHARIAH INVESTMENT TO A GLOBAL AUDIENCE -- Available Globally but Limited Selection -- Malaysia Encouraging Its Licensed Islamic Asset Managers to Offer UCITS -- Shariah Investing Is Resilient in Bull and Bear Markets -- UCITS: An Ideal Platform -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 11 Legal, Regulatory, Risk, and Operational Framework: Building Investors' Confidence -- INTRODUCTION -- THE ISLAMIC FINANCIAL INSTITUTIONS' REGULATORY FRAMEWORK -- Effectiveness of Shariah Advisory Boards -- Islamic Financial Services Board -- The Accounting and Auditing Organization of Islamic Financial Institutions -- COUNTRY EXAMPLES -- The Malaysian Framework -- Bahrain Model -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- Epilogue -- About the Author -- About the Contributors -- Glossary to the Quotations -- Glossary of Islamic Finance -- Global Islamic Finance Education Centers -- Global Islamic Finance Conferences/Summits/Seminars -- Islamic Investment and Finance Readings Guide to Research Materials -- Recommended Reading -- Index.. - Prohibition of Dealing with Nonpermissible Activities -- Application of Trade and Commerce (Al-Bay') and Obligation of Risk Sharing -- Obligation to Back Any Financial Transaction with Underlying Assets -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 4 Investing Responsibly: The Search for Similar Benefits for Ethical and Shariah Forms of Investing -- INTRODUCTION -- SCREENING CRITERIA -- Qualitative Sector Screening -- Financial Screening -- SCREENING PROCESS FOR ETHICAL FORM OF INVESTING -- SOCIALLY RESPONSIBLE INVESTMENT VERSUS SHARIAH-COMPLIANT INVESTMENT -- Similarities-Ethical and Shariah -- Differences-Ethical and Shariah -- A SIMILAR APPROACH TO YOUR INVESTMENT? -- AVAILABILITY OF CHOICE FOR INVESTORS -- BROADER PORTFOLIO DIVERSIFICATION -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- Appendix -- CHAPTER 5 Broad Choices of Islamic Investment Funds: Can They Become Mainstream? -- INTRODUCTION -- EQUITY FUNDS -- SUKUK FUNDS -- EXCHANGE-TRADED FUNDS (ETFS) -- MONEY MARKET FUNDS -- ALTERNATIVE FUNDS -- REAL ESTATE INVESTMENT TRUST FUNDS (REITS) -- PRIVATE EQUITY FUNDS -- HEDGE FUNDS -- LEASE FUNDS -- CONCLUSION -- NOTES -- General Reading -- Helpful Hints -- CHAPTER 6 Mitigating the Myths: The Benefits of Islamic Funds for the Broader Investor Base -- INTRODUCTION -- ISLAMIC PRINCIPLES COME WITH BUILT-IN FINANCIAL ETHICS -- THE MYTHS OF SHARIAH INVESTING -- Myth 1: Shariah Investment Is for Muslims Only -- Myth 2: Shariah Investing Is More Costly -- Myth 3: Limited Number of Investment Managers and Expertise -- Myth 4: Lack of Standardization of Shariah Interpretation -- Myth 5: Sukuk Investing Means Legal Ownership -- Myth 6: Islamic Products Are Too Complicated -- Myth 7: Investment Performance Drag Due to a Smaller Investment Universe -- Limited Hedging Capabilities -- BENEFITS OF SHARIAH INVESTING.. - A guide to Islamic investment opportunities from the CEO of the world's leading Islamic finance bank Offering an insider's perspective on a rapidly growing sector of the financial industry, Investing in Islamic Funds details the basic principles of Islamic investing for Muslims and non-Muslims alike. It explains how Islamic equity and fixed-income products differ from traditional funds, and how they deliver excellent results while still conforming to Sharia principles. Using hard data from the last six years, the book also reveals how Islamic funds have offered predictable, reliable returns in volatile markets and turbulent financial times. For institutional investors as well as sophisticated individual investors, the book serves as an excellent introduction to the subject and surveys the full range of products available. Additionally, the book will arm financial services professionals with the knowledge they need to explain this new investment opportunity to clients. One of the few books available that offers comprehensive data on the performance of Islamic funds in addition to the underlying theory that governs them Written by the CEO of CIMB-Principal Islamic Asset Management, the world's leading Islamic finance bank Features charts, case studies, comparative analysis, and a tabular data format Debunks the misconceptions traditional investors may have about the profitability Islamic funds For professional and institutional investors, as well as private investors looking for new opportunities, Investing in Islamic Funds offers a much-needed primer on this fast-growing market.. - Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2021. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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| ISBN | 9781118638910
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