Islamic capital markets : theory and practice /

• Κύριος συγγραφέας: Krichene, Noureddine
• Μορφή: Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: New York : Wiley, 2012.
• Σειρά: Wiley finance series.
• Θέματα: Investments > Religious aspects > Islam.; Investments > Islamic countries.; Banks and banking > Islamic countries.; Capital market > Islamic countries.; Financial instruments > Islamic countries.; Finance (Islamic law); Bonds > Islamic countries.; BUSINESS & ECONOMICS > Investments & Securities > General.; Banks and banking.; Bonds.; Capital market.; Financial instruments.; Investments, Islamic country.; Islamic countries.; Electronic books.

A comprehensive look at the essentials of Islamic capital markets Bringing together theoretical and practical aspects of capital markets, Islamic Capital Markets offers readers a comprehensive insight into the institutions, instruments, and regulatory framework that comprise Islamic capital markets....

Πίνακας περιεχομένων:

• Title; Copyright; Dedication; Preface; Acknowledgments; Glossary of Arabic Terms; Part One: Islamic Capital Markets: Tools of Securities Investment, Asset Pricing, Risk Management, and Portfolio Performance; Chapter 1: Capital Theory and Islamic Capital Markets; On the Nature of Capital; On the Nature of Interest and Profit; Capital Theory in Islamic Finance; Time Preference and Capital Markets; Capital Productivity: The Intertemporal Production Opportunity Set; General Equilibrium: Time Preference and Capital Productivity; Model of Capital as a Subsistence Fund
• Capital as an Engine of GrowthThe Capital Market and the Economy; The Intermediation Role of the Capital Market; Summary; References; Questions; Chapter 2: Portfolio Theory and Risk-Return Tradeoff; Market Uncertainty; Portfolio Diversification Theory; Portfolio Diversification in the Case of Two Risky Assets; A Model of a Riskless Asset and a Risky Asset; Asset Pricing Based on Risk-Return Tradeoff; The Security Market Line; Efficiency Frontier, Capital Market Line, Characteristic Line, and Security Market Line; The Cost of Capital Based on the Capital Asset Pricing Model; Summary
• Mechanics of TradingSummary; References; Questions; Chapter 5: The Cost of Capital; Objective of the Firm: Market Value Maximization and the Cost of Capital; Project Selection: The Hurdle Rate; Defining Capital Cost: The Discount Rate; The Net Cash Flow; The Present Value Formula; Relationship between Risk and the Cost of Capital; Estimating the Cost of Equity Capital and Overall Cost of Capital; Capital Asset Pricing Model (CAPM); Risk-Adjusted versus Certainty-Equivalent Discount Rates; Applying the CAPM to Calculate Certainty-Equivalent Cash Flow
• The Valuation of Securities, Leverage, and the Cost of Capital: The Modigliani and Miller TheoryWeighted Average Cost of Capital; Implications of the Capital Cost Analysis for the Theory of Investment: Capital Structure and Investment Policy; The Agency Problem; Summary; References; Questions; Chapter 6: Asset Pricing under Uncertainty; Modeling Risk and Return; Market Efficiency and Arbitrage-Free Pricing; Basic Principles of Derivatives Pricing; Summary; References; Questions; Chapter 7: The Consumption-Based Pricing Model; Intertemporal Optimization and Implication to Asset Pricing