Preface |
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xi | |
About the Authors |
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xix | |
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Chapter 1 Epistemology of Finance |
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1 | (46) |
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Epistemology of an Ideal Conventional Financial System |
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3 | (14) |
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Epistemology of an Ideal Islamic Financial System |
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17 | (10) |
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Risk-Sharing Finance in a World of Uncertainty |
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27 | (14) |
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41 | (6) |
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Chapter 2 Finance and Ethics |
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47 | (24) |
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Renewed Interest in Ethical Finance |
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48 | (2) |
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Embedded Ethical Issues in Financial Theory |
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50 | (1) |
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Cases of Ethical Issues in Finance |
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51 | (4) |
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55 | (3) |
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Islamic Framework of Business Ethics |
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58 | (11) |
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69 | (2) |
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Chapter 3 The Analytics of Finance |
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71 | (42) |
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73 | (3) |
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The Concept of Time Value |
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76 | (11) |
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Utility Theory, Risk Aversion, and Risk Premium |
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87 | (8) |
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The Individual's Optimal Consumption and Portfolio Choices |
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95 | (10) |
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Market Efficiency and the Random-Walk Hypothesis |
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105 | (3) |
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108 | (3) |
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111 | (2) |
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Chapter 4 Equity, Efficiency, and Firm Behavior |
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113 | (16) |
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Methodological Issues in Islamic Economics |
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114 | (2) |
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Theories of Firm Behavior in Islamic Economics |
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116 | (6) |
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The Profit-Sharing Principle |
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122 | (3) |
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A Theoretical Construct of Equity and Allocative Efficiency |
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125 | (1) |
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126 | (3) |
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Chapter 5 Asset Pricing and Corporate Finance |
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129 | (42) |
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Capital Asset Pricing Model |
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130 | (21) |
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151 | (4) |
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155 | (12) |
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167 | (4) |
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Chapter 6 Scope of Financial Engineering and Derivatives |
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171 | (52) |
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Risk Hedging with Forward and Futures Contracts |
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173 | (15) |
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Properties of Options Contracts |
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188 | (12) |
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200 | (16) |
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Applications of Option Pricing Theory in Islamic Finance 210 Risk Hedging and the Scope of Financial Engineering in Islamic Finance |
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216 | (4) |
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220 | (3) |
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Chapter 7 Financing Models and Ownership Transfer |
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223 | (34) |
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Structure and Dynamics of Outstanding Balances |
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225 | (12) |
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237 | (4) |
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Hybrid Financing Models Based on Risk Sharing |
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241 | (14) |
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255 | (2) |
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Chapter 8 Securitization and Structured Finance |
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257 | (34) |
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Risk Transfer with Credit-Default Swaps |
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258 | (6) |
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The Mechanics of Securitization and Structured Finance |
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264 | (4) |
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Complexity of Contract Structures |
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268 | (5) |
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Securitization, Structured Finance, and Completeness of Contracts |
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273 | (3) |
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Securitization, Risk Transfer with Wa'ad Structures, and Options Strategies |
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276 | (12) |
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288 | (3) |
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Chapter 9 Financial Stability |
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291 | (24) |
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The Financial System and the Real Economy |
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292 | (7) |
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Financial Crises and Debt Financing |
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299 | (6) |
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Stability of the Islamic Financial System |
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305 | (8) |
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313 | (2) |
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Chapter 10 Financial Regulation |
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315 | (28) |
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The Economics of Financial Regulation |
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316 | (7) |
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The Complexity of Financial Regulation |
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323 | (6) |
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The Regulatory Framework under Islamic Finance |
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329 | (7) |
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The Regulatory Challenges in Islamic Finance |
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336 | (4) |
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340 | (3) |
Appendix A |
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343 | (4) |
Appendix B |
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347 | (2) |
References |
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349 | (26) |
Index |
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375 | |