{"product_id":"investing-in-islamic-funds-isbn-9781118638927","title":"Investing In Islamic Funds","description":"\u003cb\u003eA guide to Islamic investment opportunities from the CEO of the world's leading Islamic finance bank\u003c\/b\u003e \u003cp\u003eOffering an insider's perspective on a rapidly growing sector of the financial industry, \u003ci\u003eInvesting in Islamic Funds\u003c\/i\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOne of the few books available that offers comprehensive data on the performance of Islamic funds in addition to the underlying theory that governs them\u003c\/li\u003e \u003cli\u003eWritten by the CEO of CIMB-Principal Islamic Asset Management, the world's leading Islamic finance bank\u003c\/li\u003e \u003cli\u003eFeatures charts, case studies, comparative analysis, and a tabular data format\u003c\/li\u003e \u003cli\u003eDebunks the misconceptions traditional investors may have about the profitability Islamic funds\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFor professional and institutional investors, as well as private investors looking for new opportunities, \u003ci\u003eInvesting in Islamic Funds\u003c\/i\u003e offers a much-needed primer on this fast-growing market.\u003c\/p\u003e  \u003cp\u003eList of Tables and Charts xvii\u003c\/p\u003e \u003cp\u003eForeword xxi\u003cbr\u003e \u003ci\u003eby Larry Zimpleman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003ePreface xxv\u003cbr\u003e \u003ci\u003eby Tan Sri Zarinah Anwar\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003ePreface xxix\u003cbr\u003e \u003ci\u003eby Mohammad Faiz Azmi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAcknowledgments xxxi\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 The Growth of Shariah Investments: Preparing the Next Generation 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 15\u003c\/p\u003e \u003cp\u003eThe Global Islamic Funds Industry: Where Is It Now? 16\u003c\/p\u003e \u003cp\u003eGlobal Product Innovation of Islamic Investment Products 21\u003c\/p\u003e \u003cp\u003ePrognosis for Islamic Financial Markets: Where Are They Going? 23\u003c\/p\u003e \u003cp\u003eConclusion 27\u003c\/p\u003e \u003cp\u003eNotes 28\u003c\/p\u003e \u003cp\u003eHelpful Hints 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Fund Management within Shariah-Compliant Investment Guidelines: Is There More Reward? 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 33\u003c\/p\u003e \u003cp\u003eThe Application of Islamic Ethics to Asset Management 35\u003c\/p\u003e \u003cp\u003eBenefits of Shariah vis-à-vis Conventional Investing 38\u003c\/p\u003e \u003cp\u003eConclusion 44\u003c\/p\u003e \u003cp\u003eNotes 44\u003c\/p\u003e \u003cp\u003eHelpful Hints 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Uncovering the Driving Principles of Islamic Finance: A Journey to Accumulate Wealth Responsibly 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 49\u003c\/p\u003e \u003cp\u003eThe Five Basic Principles of Islamic Finance 50\u003c\/p\u003e \u003cp\u003eConclusion 59\u003c\/p\u003e \u003cp\u003eNotes 60\u003c\/p\u003e \u003cp\u003eHelpful Hints 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Investing Responsibly: The Search for Similar Benefits for Ethical and Shariah Forms of Investing 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 65\u003c\/p\u003e \u003cp\u003eScreening Criteria 68\u003c\/p\u003e \u003cp\u003eScreening Process for Ethical Form of Investing 72\u003c\/p\u003e \u003cp\u003eSocially Responsible Investment versus Shariah-Compliant Investment 74\u003c\/p\u003e \u003cp\u003eA Similar Approach to Your Investment? 77\u003c\/p\u003e \u003cp\u003eAvailability of Choice for Investors 79\u003c\/p\u003e \u003cp\u003eBroader Portfolio Diversification 80\u003c\/p\u003e \u003cp\u003eConclusion 81\u003c\/p\u003e \u003cp\u003eNotes 82\u003c\/p\u003e \u003cp\u003eHelpful Hints 83\u003c\/p\u003e \u003cp\u003eAppendix: Ethical Investment Screening Based on Negative Screening 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Broad Choices of Islamic Investment Funds: Can They Become Mainstream? 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 91\u003c\/p\u003e \u003cp\u003eEquity Funds 93\u003c\/p\u003e \u003cp\u003eSukuk Funds 94\u003c\/p\u003e \u003cp\u003eExchange-Traded Funds (ETFs) 95\u003c\/p\u003e \u003cp\u003eMoney Market Funds 96\u003c\/p\u003e \u003cp\u003eAlternative Funds 97\u003c\/p\u003e \u003cp\u003eReal Estate Investment Trust Funds (REITs) 97\u003c\/p\u003e \u003cp\u003ePrivate Equity Funds 98\u003c\/p\u003e \u003cp\u003eHedge Funds 99\u003c\/p\u003e \u003cp\u003eLease Funds 100\u003c\/p\u003e \u003cp\u003eConclusion 101\u003c\/p\u003e \u003cp\u003eNotes 102\u003c\/p\u003e \u003cp\u003eHelpful Hints 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Mitigating the Myths: The Benefits of Islamic Funds for the Broader Investor Base 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 107\u003c\/p\u003e \u003cp\u003eIslamic Principles Come with Built-in Financial Ethics 108\u003c\/p\u003e \u003cp\u003eThe Myths of Shariah Investing 109\u003c\/p\u003e \u003cp\u003eBenefits of Shariah Investing 116\u003c\/p\u003e \u003cp\u003eConclusion 119\u003c\/p\u003e \u003cp\u003eNotes 120\u003c\/p\u003e \u003cp\u003eHelpful Hints 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Comparative Analysis with Conventional Investing: Shariah-Compliant Investing is Resilient, while Conventional Investing Has to Recover from Financial Crisis 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 127\u003c\/p\u003e \u003cp\u003eIslamic Indices Outperformed Conventional Indices 128\u003c\/p\u003e \u003cp\u003eQualitative Comparison of Islamic Index Screening Processes 129\u003c\/p\u003e \u003cp\u003ePerformance Analysis of Three Dow Jones Shariah Indices and Their Counterparts 131\u003c\/p\u003e \u003cp\u003eValue-Added Optimization for Shariah Performance 139\u003c\/p\u003e \u003cp\u003eConclusion 140\u003c\/p\u003e \u003cp\u003eNotes 140\u003c\/p\u003e \u003cp\u003eHelpful Hints 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Using Performance Characteristics to Build Wealth: Empirical Evidence, Proven and Tested 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 145\u003c\/p\u003e \u003cp\u003eThe Impact of Black Swan Events 146\u003c\/p\u003e \u003cp\u003eWhy Shariah Investing Is Resilient 147\u003c\/p\u003e \u003cp\u003eConclusion 152\u003c\/p\u003e \u003cp\u003eNotes 152\u003c\/p\u003e \u003cp\u003eHelpful Hints 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 The Sukuk Portfolio: A Broader Investment Universe for Mainstream Investors 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 157\u003c\/p\u003e \u003cp\u003eEmergence of Different Sukuk Structures 158\u003c\/p\u003e \u003cp\u003eExamining Sukuk Investment Results 161\u003c\/p\u003e \u003cp\u003eCase Study: Sukuk Investing as a Diversification Strategy 166\u003c\/p\u003e \u003cp\u003eConclusion 167\u003c\/p\u003e \u003cp\u003eNotes 168\u003c\/p\u003e \u003cp\u003eHelpful Hints 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Shariah-Compliant UCITS Funds: Satisfying the Appetite of International Investors 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 175\u003c\/p\u003e \u003cp\u003eSolution at Your Doorstep 176\u003c\/p\u003e \u003cp\u003eProviding Ease of Transaction to International Investors 177\u003c\/p\u003e \u003cp\u003eBringing Shariah Investment to a Global Audience 178\u003c\/p\u003e \u003cp\u003eNotes 181\u003c\/p\u003e \u003cp\u003eHelpful Hints 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Legal, Regulatory, Risk, and Operational Framework: Building Investors’ Confidence 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 187\u003c\/p\u003e \u003cp\u003eThe Islamic Financial Institutions’ Regulatory Framework 188\u003c\/p\u003e \u003cp\u003eCountry Examples 192\u003c\/p\u003e \u003cp\u003eConclusion 198\u003c\/p\u003e \u003cp\u003eNotes 199\u003c\/p\u003e \u003cp\u003eHelpful Hints 200\u003c\/p\u003e \u003cp\u003eEpilogue 203\u003c\/p\u003e \u003cp\u003eAbout the Author 205\u003c\/p\u003e \u003cp\u003eAbout the Contributors 207\u003c\/p\u003e \u003cp\u003eGlossary to the Quotations 209\u003c\/p\u003e \u003cp\u003eGlossary of Islamic Finance 215\u003c\/p\u003e \u003cp\u003eGlobal Islamic Finance Education Centers 235\u003c\/p\u003e \u003cp\u003eGlobal Islamic Finance Conferences\/Summits\/Seminars 239\u003c\/p\u003e \u003cp\u003eIslamic Investment and Finance Readings: Guide to Research Materials 243\u003c\/p\u003e \u003cp\u003eRecommended Reading 245\u003c\/p\u003e \u003cp\u003eIndex 249\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eNORIPAH KAMSO\u003c\/b\u003e is currently an Advisor to CIMB Islamic. She was previously the CEO of CIMB Principal Islamic Asset Management Sdn Bhd. Since 2008, she has successfully established a platform for the firm to extend its reach across the globe. Previously she served as the CEO of CIMB-Principal Asset Management Berhad, where she pioneered the listing of the world's first Regional ASEAN Exchange Traded Fund, \"CIMB ASEAN 40 ETF\" on the Singapore Exchange in 2007. She is a two-time winner of the Marketing Personality of the Year Award (2005 \u0026amp; 2006) by Asia Asset Management for the Asia Pacific region, CEO of the Year for Malaysia (2007) and Personal Achievement Award for contribution to Islamic Asset Management by International Takaful Summit, London (2012). Besides serving as a council member of the Federation of Investment Managers Malaysia (FIMM), she was the past president of the Malaysia Futures Brokers Association (MFBA).\u003c\/p\u003e  \u003cp\u003eSince you are intrigued enough to pick up this book, you are probably curious about Islamic investing. People may not realize that when Mahatma Gandhi said, \"there is enough in this world for everybody's need but not enough for everybody's greed,\" he was referring to the essence of the principles that underlie Islamic investing. In today's world, investors are struggling to come to grips with the changes to the current financial system. Many are looking for a valid alternative that aligns with their moral values and ethics. Islamic investing practices fair distribution of wealth that inhibits profiteering and greed. The Islamic investing process goes back to the basics and is fundamentally based on tangible, asset-backed transactions that make good investment sense for responsible investing for all Muslims and non-Muslims.\u003c\/p\u003e \u003cp\u003eIn response to this growing concern, Islamic investing's profile has grown in stature in Asia, Europe, and North America. Though awareness of Islamic investing has grown, there is still scant information on how Islamic investing can deliver similar investment results to that of conventional investing. Author Noripah Kamso takes us on an exploration of the basics and principles of Islamic investing, before diving into the topic of Islamic investing in order to demystify and share the benefits of Islamic investing, for Muslims and non-Muslims alike. Readers will:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn how the last six years provided the evidence needed to prove the resilient performance of Islamic equity and fixed income asset classes during down-trending markets and volatile times.\u003c\/li\u003e \u003cli\u003eGain the confidence to convincingly position Islamic investing to investors of all stripes.\u003c\/li\u003e \u003cli\u003eFind out how Islamic investing can satisfy an untapped demand to serve a growing and more prosperous Muslim population totaling an estimated 1.57 billion representing 23 percent of the total world population.\u003c\/li\u003e \u003cli\u003eExamine the data that bear out the beneficial qualitative and quantitative qualities of Islamic investing.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn \u003ci\u003eInvesting in Islamic Funds\u003c\/i\u003e, the reader will gain an industry insider's and practitioner's perspective on what can drive the possible success of Islamic funds internationally. The content will benefit the following readers:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eInstitutional investors, who will be able to examine an analysis of the track record for Islamic equity investing and Sukuk investing.\u003c\/li\u003e \u003cli\u003eFinancial services institutions and distributors, who will gain the knowledge to confidently and convincingly position and market Islamic investing to their clients.\u003c\/li\u003e \u003cli\u003eSophisticated investors, who will come to the understanding that Islamic investing is a prudent investment choice that delivers concrete investment results.\u003c\/li\u003e \u003cli\u003eRegulators, who will be able to consider the information inside in the process of setting up an Islamic investing framework that can be practicably implemented and internationally accepted.\u003c\/li\u003e \u003cli\u003eStudents pursuing professional Islamic finance and investment certification, who can use this as a reference to learn about the current progress of Islamic investing from an industry practitioner's perspective.\u003c\/li\u003e \u003cli\u003eIslamic scholars, who will now be able to relate to Islamic investing and take that into account when making decisions on new and innovative investment products.\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003ePraise for \u003ci\u003eInvesting in Islamic Funds\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"This is a valuable contribution to Islamic finance literature. Written by one of the most successful practitioners in the field, the book makes accessible to market participants Islamic finance concepts. The hands-on experience of its author, combined with the ease with which she demystifies Islamic finance and its investment strategies and portfolio formation, recommends this book to students of finance in general and international investors in particular. The book should be of interest also to students of capital markets, fund managers and scholars in that it describes in familiar language a new, stable and dynamic asset class that no international investor strategist could afford to ignore.\"\u003cb\u003e\u003cbr\u003e —Dr. Abbas Mirakhor, INCEIF Chair in Islamic Finance\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Overall, a book providing critical knowledge about Shari'ah-compliant funds combined with high levels of analytical skills and indeed the application experience of a world-class practitioner. A book to be read from the beginning to the end or in selective steps — both ways intellectually stimulating and pure fun.\" \u003cb\u003e\u003cbr\u003e —Dr. Manfred Dirrheimer, Founding Chairman of the board of directors, FWU AG\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"A fulsome guide to Shari'ah financial services from a practitioner at the heart of the industry.\"\u003cb\u003e\u003cbr\u003e —Rory Tapner, CEO, Coutts\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Datuk Noripah's perspectives on Islamic funds provide insights into the opportunity that exists for their growth within the global market. The practical approach that her book describes, alongside the vast experience, is a helpful contribution to understanding a sector that is evolving and developing at a constantly rapid pace. The development of UCITS and other fund platforms is an important step in the globalization process.\"\u003cb\u003e\u003cbr\u003e —Neil Ryan, Assistant Secretary General, Department of Finance, Ireland\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989473902821,"sku":"NP9781118638927","price":88.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118638927.jpg?v=1761784245","url":"https:\/\/k12savings.com\/es\/products\/investing-in-islamic-funds-isbn-9781118638927","provider":"K12savings","version":"1.0","type":"link"}