Saudi Capital Market

Author: Bader Alkhaldi
Publisher: Aspen Publishers
ISBN: 9789041183514
Format: PDF, ePub, Mobi
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International Banking and Finance Law Series Volume 31 Saudi Capital Market: Developments and Challenges provides an accurate independent assessment of the Saudi economy and the development of its capital market. A thriving capital market, one that not only brings investment funds into a country but also distributes profits in a transparent matter, is essential for any economy, especially a rapidly developing one such as Saudi Arabia. Already a key player on the world stage, the Kingdom is going through major planned economic transformation and diversification. In particular, a robust and transparent capital market, with a high level of integrity and sound enforcement, is well on the way to fruition. This book is the first in English to analyze and evaluate the roles of economic planning and a capital market in Saudi Arabia's economic modernization. What's in this book: In the process of examining the level of transparency and fairness in Saudi Arabia's capital market, the author provides detailed information and analysis of such issues and topics as the following: market disclosure rules; insider trading laws; gaps in enforcement; dispute resolution; role of securities agencies; Saudi Arabia's position in international organizations; and repercussions of the 2006 Saudi stock market collapse. The author draws on a wide range of sources in both English and Arabic and concludes with well-grounded proposals for appropriate judicial, administrative, and enforcement policies. How this will help you: This book compares and contrasts the Saudi capital market with other capital market systems. Given the relative lack of literature in this area, this book serves as a bridge to gain useful resources at a practical, policy-making and academic level, especially for non-Saudis looking for legal knowledge and investment opportunities in the Kingdom. The information contained in this publication on the investment climate and applicable rules in Saudi Arabia serves as a useful handbook for lawyers and policymakers, as well as investors and attorneys, and other advisors with an eye on trade development in the Middle East to understand the Saudi capital market, its developing trends, and applicable laws.

The Saudi Arabian Economy

Author: Mohamed A. Ramady
Publisher: Springer Science & Business Media
ISBN: 9781441959874
Format: PDF, Docs
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The Saudi Arabian economy has changed almost beyond recognition since the oil boom days of the 1980s, and the Kingdom itself has changed too economically, socially, and demographically. In the second edition of The Saudi Arabian Economy, Mohamed Ramady uses several overlapping themes to establish and develop a framework for studying the fundamental challenges to the Saudi economy. Particular attention is paid to the benefits of short-term planning and long-term diversification intended to shield the economy from potentially de-stabilizing oil price fluctuations and the pace and diversity of domestic reforms. The author examines the core strengths and evolution of various financial institutions and the Saudi stock market in the face of globalization, before analyzing the private sector in detail. Topics discussed include: • The hydrocarbon and minerals sector, including the emergence of the competitive petrochemical sector • The impact of small and medium sized businesses and the evolving role of “family” businesses • The growing role of women in the Saudi economy • The role of privatization and FDI as engines of change and the position of public-private-partnerships • The establishment of a foundation for a knowledge-based economy Finally, the author offers an analysis of the key challenges facing the Saudi economy, paying particular attention to the potential costs and benefits of globalization, and membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council, as well as Saudi Arabia’s evolving strategic economic relations with China and other countries are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.

The Legal and Regulatory Aspects of Islamic Banking

Author: Abdul Karim Aldohni
Publisher: Routledge
ISBN: 1136703152
Format: PDF, ePub, Mobi
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During the last ten years the Islamic banking sector has grown rapidly, at an international level, as well as in individual jurisdictions including the UK. Islamic finance differs quite substantially from conventional banking, using very different mechanisms, and operating according to a different theory as it is based on Islamic law. Yet at the same time it is always subject to the law of the particular financial market in which it operates. This book takes a much-needed and comprehensive look at the legal and regulatory aspects which affect Islamic finance law, and examines the current UK and international banking regulatory frameworks which impact on this sector. The book examines the historical genesis of Islamic banking, looking at how it has developed in Muslim countries before going on to consider the development of Islamic banking in the UK and the legal position of Islamic banks within English law. The book explores company, contract, and some elements of tax law and traces the impact it has had on the development of Islamic banking in the UK, before going on to argue that the current legal and regulatory framework which affects the Islamic banking sector has on certain occasions had an unintended adverse impact on Islamic banking in the UK. The book also provides an overview of the Malaysian experience in relation to some of the main legal and regulatory challenges in the context of Islamic banking and finance.

Islamic Capital Markets and Products

Author: Simon Archer
Publisher: John Wiley & Sons
ISBN: 1119218810
Format: PDF, ePub, Docs
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Ensure Basel III compliance with expert analysis specific to Islamic Finance Islamic Capital Markets and Products provides a thorough examination of Islamic capital markets (ICM), with particular attention to the products that they offer and the legal and regulatory infrastructure within which they operate. Since Islamic banks act as asset managers, attention is paid to the regulatory challenges which they face in the light of Basel III, as regards both eligible capital and liquidity risk management. The authors of the chapters are professionals and practitioners, and write from experience. The editors also contributed to some of the chapters. The markets and products covered include Islamic equities, Islamic investment certificates (Sukūk) which are Shari'ah compliant alternatives to conventional bonds, and Islamic Collective Investment Schemes. The coverage of legal and regulatory issues includes an examination of the implications for ICM of securities laws and regulations and of Basel III, as well as collateralisation issues. Shari'ah compliance aspects, in terms both of the selection criteria for Islamic equities and of the 'purification' of impermissible components of income, are also examined in some detail, as are the implications of Basel III for eligible capital in general and for Shari'ah compliant capital instruments in particular. A similar analysis is also made of the implications of the Basel III requirements for liquidity risk management and high quality liquid assets (HQLA), including Shari'ah compliant HQLA. The book concludes with three case studies, two describing the ICM in Malaysia and Bahrain and a third which describes Sukūk issued as Shari'ah compliant capital instruments, followed by brief concluding remarks by the editors.

Islamic Asset Management

Author: Bayt al-Tamwīl al-Kūwaytī
Publisher: Euromoney Books
ISBN: 9781843741213
Format: PDF, Mobi
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Understand the aspects of structuring and investing by learning from more than 20 leading experts in the field of Islamic finance from across the globe and across the world of Islamic Asset Management.

Critical Issues and Challenges in Islamic Economics and Finance Development

Author: Velid Efendić
Publisher: Springer
ISBN: 3319450298
Format: PDF, ePub, Docs
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This book explores contemporary issues and trends facing Islamic banks, businesses and economies as presented at the International Conference of Islamic Economics, Banking and Finance. The authors leverage current empirical research and statistics to provide unique and fresh perspectives on the changing world of Islamic finance. They focus specifically on to the implementation of Islamic financial instruments and services in global capital markets and how their success can be evaluated. Chapters feature case studies from all over the world including examples from Afghanistan, Bosnia and Herzegovina and the United Kingdom, to name a few. The breadth and immediacy of the research presented by the authors will appeal to practitioners and scholars alike. The global outlook and rich data-based approach adopted in this book guarantee that it is a timely and valuable addition to the field of Islamic finance.

Islamic Finance and Africa s Economic Resurgence

Author: Muhammad Al Bashir Muhammad Al Amine
Publisher: Springer
ISBN: 3319288350
Format: PDF, ePub, Mobi
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This book analyzes Africa's unprecedented economic growth, the state of its financial sector, and the varied opportunities for Islamic finance investors. It considers the role - potential and realized - of Islamic finance in fostering financial inclusion in areas such as banking, microfinance, capital market development, insurance, and private equity business. The book stresses that investing in Africa through Islamic finance will open new markets, ensure higher profit margins, diversify risk, and create business competition; and that these changes that will provide financial products that can satisfying the desires and beliefs of all consumers and unlock the real potential of the continent's financial system. The book also looks into the rise of international interest in Africa and concludes by scrutinizing the challenges impeding further economic growth, as well as the specific barriers that need to be addressed in order to promote the implementation of Islamic finance. Investors, policymakers, and academics ready to confront these challenges will find much of value in this book.

Islamic Banking and Finance in South East Asia

Author: Angelo M. Venardos
Publisher: World Scientific
ISBN: 9814350435
Format: PDF
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Islamic Banking and Finance in South-East Asia by Angelo M Venardos has been a OC must readOCO since its first edition in 2005 and has already been translated to Arabic. Now in its 3rd edition, the book offers important updates you can look forward to, starting with the foundations of Islamic banking, developments and issues. The reader is then treated to a timely survey of Islamic banking in five South-east Asian countries. Most of these chapters have been completely revamped from the last edition. One additional chapter has been added on Islamic Succession Planning, which introduces an increasingly essential aspect of Muslim life OCo that of managing one''s wealth now and in the afterlife. Whether you are new to the topic or a practitioner in the industry, you will appreciate the accessible way in which the book is written. According to the Asian Journal of Comparative Law, the book gives a broad overview yet OC manages to achieve this in a rather slim volume while providing depth of analysis at the same timeOCO."