The Islamic finance industry has grown at a phenomenal pace over the past decade. A key driver has been the development of the Islamic capital markets, which offer tremendous potential for sovereigns, financial institutions, corporates and investors alike. This publication comes at a key juncture in the development of the Islamic capital markets, with the global financial crisis providing an opportunity for the different players in the Islamic capital markets to re-appraise successes and failures to date. More stringent Sharia oversight has also encouraged a recent critical re-evaluation of the structures used in the Islamic capital markets. This practical title provides a comprehensive overview of the Islamic capital markets, tracking their development from the first sukuks to the current outlook after the global economic crisis and the recent Sharia rulings of the Accounting and Auditing Organisation for Islamic Financial Institutions in relation to sukuk. Featuring contributions by prominent practitioners - including Shibeer Ahmed from White & Case, Moinuddin Malim from Mashreq al Islami and Debashis Dey and Stuart Ure from Clifford Chance, among other leading professionals - this book analyses market trends and key Sharia and legal issues and structures. Cutting-edge topics include the standardisation of sukuk, securitisation, treasury and other capital markets and rate protection products. With examples from practitioners who have helped to shape the Islamic capital markets, this book presents key insights for beginners, as well as more experienced practitioners. The guide is a practical handbook for legal practitioners, financial Institutions and bankers, central banks, university libraries and students and practitioners generally who have an interest in Islamic finance.

About the Author
Rahail Ali is the global head of Islamic finance and co-office managing partner of Hogan Lovells' Dubai office. He is an acknowledged expert on Islamic finance, reflected in numerous accreditations from leading industry and legal journals, as well as his top-tier rating in various directories. Mr Ali has worked on many of the most innovative and high-value Islamic finance transactions closed to date, including 'jumbo' syndicated financings and inaugural sukuk issuances for sovereigns, IFC (World Bank Group), Emirates and Petronas ("Rahail Ali is arguably the leading figure in the sukuk market" - Legal 500 EMEA)). Mr Ali is regularly consulted by leading publications as well as banks, governments and regulatory authorities, and is a member of Her Majesty's Treasury's Islamic Finance Experts Group.

Reviews
The practical guide to sukuk and Islamic capital markets is very well written and comprehensive in its scope. The book provides excellent background material from which to build especially a legal perspective on the topics covered. -- Andrew White * Associate Professor of Law, Singapore Management University *
Overall, the book is a welcome contribution to this important sphere of Islamic capital market. * The Muslim World Book Review, 32:2 *



Book Information
ISBN 9781905783427
Author Rahail Ali
Format Hardback
Page Count 225
Imprint Globe Law and Business Ltd
Publisher Globe Law and Business Ltd
Weight(grams) 540g