Book Review: Islamic Capital Markets: Products and Strategies (2011) by M. Kabir Hassan & Michael Mahlknecht
DOI:
https://doi.org/10.58968/icm.v2i2.638Keywords:
Islamic Capital Markets, Islamic Finance, Book ReviewAbstract
This book is part of the Wiley Finance series, focusing on the development of Islamic Capital Markets (ICM). Its purpose is to explain the concepts, products, strategies, and practical as well as regulatory issues that shape the global Islamic capital market. The book is divided into four main parts: (I) General Concepts and Legal Issues, which explains the Shariah foundations in finance, particularly the prohibition of riba (interest), gharar (uncertainty), and maysir (speculation); (II) Global Trends in Islamic Capital Markets; (III) Case Studies and Regional Perspectives; and (IV) Lessons from the Global Financial Crisis. This book asserts that the Islamic capital market is not merely a financial alternative but a vital component of the global financial system. With product innovation, strengthening of regulations, and increased literacy, ICM has the potential to expand financial inclusion, support development, and offer more sustainable stability.
References
Archer, S., & Karim, R. A. A. (2011). Islamic finance in the United States. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 245–261). John Wiley & Sons.
Cattelan, V. (2011). A new model for options in Islamic law. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 201–215). John Wiley & Sons.
Derigs, U., & Marzban, S. (2011). New challenges in Islamic portfolio management: Evidence from structured products. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 345–364). John Wiley & Sons.
El-Gamal, M. A. (2011). Islamic finance in Australia. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 263–278). John Wiley & Sons.
Hassan, M. K. (2011). The global financial crisis and Islamic capital markets. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 299–317). John Wiley & Sons.
Iqbal, M. (2011). Islamic financial engineering and the global financial crisis. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 319–334). John Wiley & Sons.
Jobst, A. A. (2011). Overcoming incentive problems in securitization: Islamic structured finance. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 171–183). John Wiley & Sons.
Laldin, M. A. (2011). The role of education and research in the development of Islamic capital markets. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 279–293). John Wiley & Sons.
Lewis, M. K. (2011). The evolution of takaful products. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 185–198). John Wiley & Sons.
Obaidullah, M. (2011). Microfinance and Islamic capital markets: Exploring the linkages. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 335–343). John Wiley & Sons.
Saeed, A. (2011). Malaysia as a global hub of Islamic capital markets. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 217–243). John Wiley & Sons.
Uberoi, P., & Khadem, A. R. (2011). Islamic derivatives: Past, present, and future. Dalam M. K. Hassan & M. Mahlknecht (Eds.), Islamic Capital Markets: Products and Strategies (pp. 147–167). John Wiley & Sons.
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