{"product_id":"contemporary-islamic-finance-isbn-9781118180907","title":"Contemporary Islamic Finance","description":"\u003cb\u003eA comprehensive look at the innovations, applications, and best practices of Islamic finance\u003c\/b\u003e  \u003cp\u003eIslamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more.\u003c\/p\u003e \u003cp\u003eEngaging and accessible, \u003ci\u003eContemporary Islamic Finance\u003c\/i\u003e skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIntroduces you to the history, legal structures, and basic financial contracts in the industry\u003c\/li\u003e \u003cli\u003eHighlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment\u003c\/li\u003e \u003cli\u003eIncludes case studies of United States-based transactions and related challenges and successes\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and expert advice, this detailed analysis of \u003ci\u003eContemporary Islamic Finance\u003c\/i\u003e will help you gain a firm understanding of how effective this proven approach can be.\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e1 Introduction: Islamic Finance in the World Economy 1\u003cbr\u003e\u003ci\u003eKaren Hunt-Ahmed\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I The Contemporary Islamic Finance Landscape\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2 Contemporary Islamic Economic Thought 19\u003cbr\u003e\u003ci\u003eMohammad Omar Farooq\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 The Legal Framework of Islamic Finance 39\u003cbr\u003e\u003ci\u003eCynthia Shawamreh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e4 Globalization and Islamic Finance: Flows and Consciousness 63\u003cbr\u003e\u003ci\u003eKaren Hunt-Ahmed\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e5 Islamic Science and the Critique of Neoclassical Economic Theory 75\u003cbr\u003e\u003ci\u003eWaleed El-Ansary\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Juristic Disagreement: The Collective Fatwa Against Islamic Banking in Pakistan 103\u003cbr\u003e\u003ci\u003eShoaib A. Ghias\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 Managing Liquidity Risk in Islamic Finance 121\u003cbr\u003e\u003ci\u003eDr. Muhammad Al-Bashir Muhammad Al-Amine\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e8 Elements of Islamic Wealth Management 147\u003cbr\u003e\u003ci\u003ePaul Wouters\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Sukuk and the Islamic Capital Markets: An Introduction 165\u003cbr\u003e\u003ci\u003eMichael J. T. McMillen\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e10 Shari'a-Compliant Mutual Funds 189\u003cbr\u003e\u003ci\u003eMonem Salam\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 The Evolution of Shari'ah-Compliant Indexes and Why They Outperform Conventional Indexes over the Long Term 195\u003cbr\u003e\u003ci\u003eTariq Al-Rifai\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e12 Takaful 203\u003cbr\u003e\u003ci\u003eFarrukh Siddiqui\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Islamic Human Resources Practices 215\u003cbr\u003e\u003ci\u003eWilliam Marty Martin\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 An Integrated Islamic Poverty Alleviation Model 223\u003cbr\u003e\u003ci\u003eAli Ashraf and M. Kabir Hassan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e15 How Does an Islamic Microfinance Model Play the Key Role in Poverty Alleviation? The European Perspective 245\u003cbr\u003e\u003ci\u003eSabur Mollah and M. Hamid Uddin\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Case Studies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16 Islamic Finance in an Almost Postcrisis and Postrevolutionary World: As in Politics, All Islamic Finance Is Local 257\u003cbr\u003e\u003ci\u003eMark Smyth\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Stepping Forward, Backward, or Just Standing Still? A Case Study in Shifting Islamic Financial Structures Offshore 267\u003cbr\u003e\u003ci\u003eUmar F. Moghul\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e18 Islamic Mortgages 283\u003cbr\u003e\u003ci\u003eDavid Loundy\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 Shari'a Quality Rating 293\u003cbr\u003e\u003ci\u003eNasir Ali Merchant\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e20 Islamic Mutual Funds' Performance in Saudi Arabia 303\u003cbr\u003e\u003ci\u003eHesham Merdad and M. Kabir Hassan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e21 Shari'ah-Compliant Real Estate Investment in the United States 323\u003cbr\u003e\u003ci\u003eJohn L. Opar\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e22 Risk and Derivatives in Islamic Finance: A Shariah Analysis 331\u003cbr\u003e\u003ci\u003eDr. Muhammad Al-Bashir Muhammad Al-Amine\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e23 Islamic Microfinance 353\u003cbr\u003e\u003ci\u003eBlake Goud\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAbout the Editor 367\u003c\/p\u003e \u003cp\u003eIndex 369\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eD\u003csmall\u003eR\u003c\/small\u003e. KAREN HUNT-AHMED\u003c\/b\u003e is a lecturer at DePaul University. She is currently teaching Islamic finance, microfinance, management, and business ethics. Dr. Hunt-Ahmed is also a Faculty Fellow of DePaul's Egan Urban Center as well as the president of the Chicago Islamic Microfinance Project, a not-for-profit economic development organization that provides Shari'ah-compliant microcredit to entrepreneurs in Chicago. Her research interests include culture and identity, financial empowerment, Islamic finance, microfinance, and the socialization of economic behavior. Dr. Hunt-Ahmed has worked in the banking sector in Chicago and in private equity in Dubai, United Arab Emirates. She received her BA and MBA from Washington University in St. Louis and her PhD from the University of Chicago. Dr. Hunt-Ahmed lives in Wilmette, Illinois, and enjoys karate. She lived in Dubai for many years and has traveled extensively in the Middle East, Pakistan, Africa, and Europe.   \u003c\/p\u003e\u003cp\u003eWhile the religion of Islam has existed for 1,400 years, Islamic economic theory and its financial institutions only began to emerge in the 1970s. But the Islamic Banking and Finance (IBF) industry has grown rapidly, and for those who want to participate in the global financial arena on a professional level, the need to understand the various aspects of Islamic finance is essential.\u003c\/p\u003e \u003cp\u003eFilled with in-depth insights and practical advice, this reliable resource—part of the Robert W. Kolb Series in Finance—provides a comprehensive look at Islamic finance by examining the basic concepts, current innovations, and best practices predominant in the industry today.\u003c\/p\u003e \u003cp\u003eWith chapters contributed by respected professionals and academics who are experts in this field, \u003ci\u003eContemporary Islamic Finance\u003c\/i\u003e offers a diverse array of opinions on this topic and provides a format for ongoing discussions of advancements in the industry of Islamic finance. Part I, The Contemporary Islamic Finance Landscape, addresses the most current issues surrounding Islamic economic theory and legal thought as well as presents a new level of thinking about a wide variety of other topics in this industry. Part II moves away from theory to highlight examples of how the products and structures of this discipline are effectively implemented in the real world.\u003c\/p\u003e \u003cp\u003eAlong the way, you'll gain valuable knowledge regarding:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eGlobalization and Islamic finance\u003c\/li\u003e \u003cli\u003eThe elements of Islamic wealth management\u003c\/li\u003e \u003cli\u003eSukuk—structures designed to bridge Islamic and conventional capital markets\u003c\/li\u003e \u003cli\u003eAn Islamic microfinance model and its role in poverty alleviation\u003c\/li\u003e \u003cli\u003eIslamic finance in an almost postcrisis world\u003c\/li\u003e \u003cli\u003eShifting Islamic financial structures offshore\u003c\/li\u003e \u003cli\u003eIslamic mortgages\u003c\/li\u003e \u003cli\u003eShari'ah-compliant investment in the United States\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAs the innovations and applications of Islamic finance continue to grow, so does the demand for more detailed and sophisticated information in this area. \u003ci\u003eContemporary Islamic Finance\u003c\/i\u003e has been written to fill this need and will put you in a better position to excel at your endeavors within this field.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eKOLB SERIES IN FINANCE\u003c\/b\u003e\t \u003c\/p\u003e\u003cp\u003e\u003cb\u003eEssential Perspectives\u003c\/b\u003e\t \u003c\/p\u003e\u003cp\u003eWhile the religion of Islam has existed for 1,400 years, Islamic economic theory and its financial institutions only began to emerge in the 1970s. But the Islamic Banking and Finance (IBF) industry has grown rapidly, and for those who want to participate in the global financial arena on a professional level, the need to understand the various aspects of Islamic finance is essential. \u003c\/p\u003e\u003cp\u003eFilled with in-depth insights and practical advice, this reliable resource—part of the Robert W. Kolb Series in Finance—provides a comprehensive look at Islamic finance by examining the basic concepts, current innovations, and best practices predominant in the industry today. \u003c\/p\u003e\u003cp\u003eWith chapters contributed by respected professionals and academics who are experts in this field, \u003ci\u003eContemporary Islamic Finance\u003c\/i\u003e offers a diverse array of opinions on this topic and provides a format for ongoing discussions of advancements in the industry of Islamic finance. Part I, The Contemporary Islamic Finance Landscape, addresses the most current issues surrounding Islamic economic theory and legal thought as well as presents a new level of thinking about a wide variety of other topics in this industry. Part II moves away from theory to highlight examples of how the products and structures of this discipline are effectively implemented in the real world. \u003c\/p\u003e\u003cp\u003eAlong the way, you'll gain valuable knowledge regarding: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eGlobalization and Islamic finance\u003c\/li\u003e \u003cli\u003eThe elements of Islamic wealth management\u003c\/li\u003e \u003cli\u003eSuk¯uk—structures designed to bridge Islamic and conventional capital markets\u003c\/li\u003e \u003cli\u003eAn Islamic microfinance model and its role in poverty alleviation\u003c\/li\u003e \u003cli\u003eIslamic finance in an almost postcrisis world\u003c\/li\u003e \u003cli\u003eShifting Islamic financial structures offshore\u003c\/li\u003e \u003cli\u003eIslamic mortgages\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAs the innovations and applications of Islamic finance continue to grow, so does the demand for more detailed and sophisticated information in this area. \u003ci\u003eContemporary Islamic Finance\u003c\/i\u003e has been written to fill this need and will put you in a better position to excel at your endeavors within this field.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988982612197,"sku":"NP9781118180907","price":125.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118180907.jpg?v=1761782309","url":"https:\/\/k12savings.com\/products\/contemporary-islamic-finance-isbn-9781118180907","provider":"K12savings","version":"1.0","type":"link"}