Description
Most existing texts covering topics in Islamic finance discuss the potential of Islamic banking; very few talk about other forms of financing and the investment activities of Islamic firms from the standpoint of owners and managers. This book fills this gap by looking at the traditional as well as non-traditional financing and investment activities of shariah-compliant companies.
The chapters in this edited text offer a full range of topics on corporate finance for Islamic firms, including global comparisons of shariah screening, dividend policy and capital structure of Islamic firms, details of global Islamic equity markets, trends and performance of sukuk markets, and a brief account of derivative securities that can be used in Islamic finance. This is a useful reference for anyone who wishes to learn more about the performance of shariah-compliant companies vis-à-vis conventional firms. The book includes both technical and non-technical information that would be suitable for classroom teaching as well as a reference for postgraduate research students.
Table of Contents
1. Screening and performance of shariah-compliant companies (Mamunur Rashid and Andrew Saw Teck Wei)
2. Is there a cost for adopting faith-based investment styles? (Zaheer Anwer, Shamsher Mohamad Ramadili Mahamad and Mohamed Eskandar Shah Mohamed Rasid)
3. Islamic corporate finance: Capital structure (Mohamed Eskandar Shah Mohd Rasid, Ajim Uddin and Mohammad Ashraful Ferdous Chowdhury)
4. Islamic venture capital financing (Ali Ashraf and M. Kabir Hassan)
5. IPO underpricing, regulation, sentiment and shariah screening in Bangladesh (Mamunur Rashid, Varun K. Sibdoyal, Md. Shafiul Islam and Ahsanur Rahman)
6. Sukuk: Introduction and global performance (Rasidah Mohd-Rashid and Ahmad Hakimi Tajuddin)
7. Sukuk: Meaning, valuation, benefits and challenges (Mustapha Abubakar and Nasiru Abdullahi)
8. Dividend policy: The case of shariah-compliant firms (Zaheer Anwer, Shamsher Mohamad Ramadili Mohamad, Mohamed Eskandar Shah Mohamed Rasid, M. Kabir Hassan and Andrea Paltrinieri)
9. Prospects for Islamic derivatives in Bangladesh (Md. Faruk Abdullah, M. Kabir Hassan and Asmak Ab Rahman)
10. Impact of derivative usage on the value of shariah-compliant firms in Malaysia (Mamunur Rashid, Lim Li Chern and Cheong Jiunn Yan)
Index
