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Islamic Capital Markets
Islamic capital markets have been slow to evolve. However they are now taking off .This module looks at the various products that are available and examines some of the Sharia'a interpretations which are affecting their growth and evolution.
- The hierarchy of capital markets-where do Islamic products fit?
- Is it halal or haram for Muslims to invest in the stock market?
- Are companies with debt related activities excluded from Islamic investment portfolios?
- What are the Islamic investment cleansing principles?
- Characteristics of the key instruments used in Islamic banking and finance
- Islamic investment principles:-
- Riba
- Haram activities
- Gharar/Maysir
- Zakat
- Takaful
- Jurisprudence issues affecting capital markets
- Islamic money market products-commercial paper, note issuance facilities
- Commodity murabaha
- Islamic leasing
- Islamic funds
- Islamic equity market funds
- Real Estate Investment Trusts
- Sukuk- Malaysian versus Middle East model
- Malaysian Government Securities (MGS)
- Islamic hedge funds
- Islamic market indices: Dow Jones Islamic Market Index (DJIM), FTSE Global Islamic Index Series, Malaysian Kuala Lumpur Sharia'a Index
- Factors affecting innovation in Islamic capital markets.
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