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Islamic Capital Markets and Risk Management: Global Market Trends and Issues - Product Image

Islamic Capital Markets and Risk Management: Global Market Trends and Issues

  • Published: June 2009
  • Region: Global, Middle East
  • Incisive Media

This Executive Report offers for the first time a complete and integrated view on all aspects of Islamic investing and risk management, focusing on all currently existing types of Islamic financial products worldwide. It is a valuable guide for both Islamic and conventional financial institutions.

The Executive Report is a “hands-on”, practical report and is a practitioners’ handbook for practical issues both on investing and risk management (for both conventional and Islamic readers), and although religious issues are included the report does not exclusively focus on religious discussions by Islamic scholars.

Islamic capital markets have a low correlation to other market segments, allowing the selective underweighting of particular sectors and seem to be relatively independent, even from market turbulences like the subprime crisis and the ongoing problems with the markets that we are currently experiencing.

This Executive Report will be of specific value for treasurers (also from non-financial institutions), traders, risk managers, asset managers, financial engineers, product developers, executives in Islamic financial institutions, senior executives READ MORE >

Foreword written by Shaykh Yusuf Talal DeLorenzo


1. Introduction

Section 1: Islamic Capital Market Instruments

2. Hedging and Islamic Derivatives

3. Islamic Bonds: Sukuk Certificates

4. Islamic Fund Management

5. Islamic Structured Products

Section 2: Islamic Risk Management

6. Risk Management Issues in Islamic Finance

7. Basel II for Islamic Financial Institutions

8. Risk Management for Basic Financing and Investment Modes

9. Risk Management for Islamic Funds

10. Risk Management for Sukuk

11. Risk Management for Islamic Structured Products and Derivatives

12. Outlook



“This report is a very useful guide on recent developments in Islamic capital market and risk management in Islamic finance. It is therefore highly recommended for new entrants to Islamic financial services industry and an excellent addition to the Islamic library. The book first treats Islamic financial products and then provides an in-depth analysis of all existing risks associated with these instruments. As a result, a truly integrated and complete view on this class of Islamic financial instruments is given.”

Ijlal Ahmed Alvi,
Chief Executive Officer (CEO) at the International Islamic Financial Market (IIFM),
Manama, Kingdom of Bahrain

“Islamic Capital Markets and Risk Management has brought out the fundamental principles in Shariah in very clear terms, making it easy to comprehend why Islamic instruments and products must be so structured in order to be Shariah-compliant. It has also articulated the risks involved in the operations of such instruments and products which will indeed make the book very useful for existing and potential practitioners in Islamic and conventional financial institutions.”

Datuk Dr. Syed Othman Alhabshi
Chief Academic Officer & Dean of Faculty
International Centre for Education in Islamic Finance (INCEIF), Kuala Lumpur, Malaysia

” It is my sincere hope that industry professionals, whatever their persuasion, will give due consideration to the ideas presented in this book by Michael Mahlknecht. He has done the industry a great service through sharing his ideas, not to mention his considerable abilities as a financial engineer, and he deserves the gratitude of the entire industry.”

Shaykh Yusuf Talal DeLorenzo

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