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Book Cover
Author Jobst, Andreas, author

Title The economics of Islamic finance and securitization / prepared by Andreas A. Jobst
Published Washington, D.C. : International Monetary Fund, Monetary and Capital Markets Dept., 2007
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Description 1 online resource (35 pages) : illustrations
Series IMF working paper ; WP/07/117
IMF working paper ; WP/07/117
Summary "Islamic lending transactions are governed by the precepts of the shariah, which bans interest and stipulates that income must be derived as return from entrepreneurial investment. Since Islamic finance is predicated on asset backing and specific credit participation in identified business risk, structuring shariah-compliant securitization seems straightforward. This paper explains the fundamental legal principles of Islamic finance, which includes the presentation of a valuation model that helps distil the essential economic characteristics of shariah-compliant synthetication of conventional finance. In addition to a brief review of the current state of market development, the examination of pertinent legal and economic implications of shariah compliance on the configuration of securitization transactions informs a discussion of the most salient benefits and drawbacks of Islamic securitization"--Abstract
Bibliography Includes bibliographical references (pages 33-35)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Banks and banking -- Islamic countries -- Religious aspects.
Bonds -- Islamic countries.
Finance -- Islamic countries -- Religious aspects.
Financial instruments -- Islamic countries.
Form Electronic book
Author International Monetary Fund. Monetary and Capital Markets Department.
ISBN 128351866X