Advances in Islamic Finance, Marketing, and Management: An Asian Perspective
Banks and banking Finance
Emerald Group Publishing Limited
2016
EISBN 9781786358981
Front Cover; Advances in Islamic Finance, Marketing, and Management; Copyright Page; Contents; List of Contributors; Preface; Section I: Islamic Finance; Chapter 1 The Last Alibi: Shari'ah Compliant Stocks on Momentum Profitability Assessment; 1. Introduction; 2. Data and Methodology; 2.1 Data; 2.2 Methodology; 2.2.1 The JT individual stock momentum; 2.2.2 The MG industry momentum; 2.2.3 The industry neutral momentum; 2.2.4 The size neutral momentum; 3. Results; 3.1 The JT Stock Momentum; 3.2 The MG Industry Momentum; 3.3 The Industry Neutral Momentum
3.3. Steps Involved in the Structure of Sukuk Musharakah Issuance3.4. Steps Involved in the Structure of Sukuk Murabahah Issuance; 4. Legal Documentations in Sukuk Issuance; 4.1. Legal Documentation Required in Sukuk Ijarah; 4.2. Legal Documentation Required in Sukuk Mudarabah; 4.3. Legal Documentation Required in Sukuk Musharakah; 4.4. Legal Documentation Required in Sukuk Murabahah; 4.5. Legal Documentation Required in Sukuk Wakalah; 4.6. Legal Documentation Required in Sukuk Salam; 5. Sukuk: Their Implications for Asian Region
3.4 The Size Neutral Momentum Profitability4. Conclusion; References; Chapter 2 Regulation, Performance and Future Challenges of Sukuk: The Evidence from Asian Markets; 1. Introduction; 2. Regulatory Requirements for Sukuk Issuance; 2.1. Identification of a Sharī'ah-Compliant Asset; 2.2. Information on the Obligor, and the Number and Currency of Sukuk Transactions; 2.3. Sukuk Structure and Prospectus; 3. Steps to be Taken in the Issuance of Sukuk Structures; 3.1. Steps Involved in the Structure of Sukuk Ijarah Issuance; 3.2. Steps Involved in the Structure of Sukuk Mudarabah Issuance
5.1.1. Methodology and econometric specifications5.2. Descriptive Statistics; 5.3. Correlation Matrix; 5.4. Results of Model Estimations; 5.4.1. Results of static models; 5.4.2. Result of dynamic model (two-step differenced and system GMM and its robustness); 6. Concluding Remarks and Directions for Future Research; References; Appendix; Chapter 4 Evidence of Risk and Return Performance of Islamic Mutual Funds: The Case of Malaysia; 1. Introduction; 2. Literature Review; 3. Data and Methodology; 3.1. Data; 3.2. Methodology; 4. Empirical Results; 5. Conclusion and Limitation; Acknowledgments
6. The Critical Analysis of the Issues Pertaining to Sukuk in Some Asian Jurisdictions7. Summary, Conclusion and Recommendations; References; Chapter 3 Determinants of Performance of Islamic Banks in GCC Countries: Dynamic GMM Approach; 1. Introduction; 2. Motivation of the Study; 3. Economic Overview of GCC Countries; 3.1. Overview of Banking Industry in GCC Regions; 3.2. Overview of Islamic Banking in GCC Countries; 4. Determinants of Profitability of Islamic Banks; 4.1. Dependent Variable; 4.2. Independent Variables; 5. Methodology and Dataset; 5.1. Data Collection
Of interest to both academics and practitioners who assist in making Shariah-centric strategies, this work is particularly important as Asia holds a major percentage of Islamic assets in South Asia, Southeast Asia, and the Middle East, with new opportunities opening in Central Asia.
3.3. Steps Involved in the Structure of Sukuk Musharakah Issuance3.4. Steps Involved in the Structure of Sukuk Murabahah Issuance; 4. Legal Documentations in Sukuk Issuance; 4.1. Legal Documentation Required in Sukuk Ijarah; 4.2. Legal Documentation Required in Sukuk Mudarabah; 4.3. Legal Documentation Required in Sukuk Musharakah; 4.4. Legal Documentation Required in Sukuk Murabahah; 4.5. Legal Documentation Required in Sukuk Wakalah; 4.6. Legal Documentation Required in Sukuk Salam; 5. Sukuk: Their Implications for Asian Region
3.4 The Size Neutral Momentum Profitability4. Conclusion; References; Chapter 2 Regulation, Performance and Future Challenges of Sukuk: The Evidence from Asian Markets; 1. Introduction; 2. Regulatory Requirements for Sukuk Issuance; 2.1. Identification of a Sharī'ah-Compliant Asset; 2.2. Information on the Obligor, and the Number and Currency of Sukuk Transactions; 2.3. Sukuk Structure and Prospectus; 3. Steps to be Taken in the Issuance of Sukuk Structures; 3.1. Steps Involved in the Structure of Sukuk Ijarah Issuance; 3.2. Steps Involved in the Structure of Sukuk Mudarabah Issuance
5.1.1. Methodology and econometric specifications5.2. Descriptive Statistics; 5.3. Correlation Matrix; 5.4. Results of Model Estimations; 5.4.1. Results of static models; 5.4.2. Result of dynamic model (two-step differenced and system GMM and its robustness); 6. Concluding Remarks and Directions for Future Research; References; Appendix; Chapter 4 Evidence of Risk and Return Performance of Islamic Mutual Funds: The Case of Malaysia; 1. Introduction; 2. Literature Review; 3. Data and Methodology; 3.1. Data; 3.2. Methodology; 4. Empirical Results; 5. Conclusion and Limitation; Acknowledgments
6. The Critical Analysis of the Issues Pertaining to Sukuk in Some Asian Jurisdictions7. Summary, Conclusion and Recommendations; References; Chapter 3 Determinants of Performance of Islamic Banks in GCC Countries: Dynamic GMM Approach; 1. Introduction; 2. Motivation of the Study; 3. Economic Overview of GCC Countries; 3.1. Overview of Banking Industry in GCC Regions; 3.2. Overview of Islamic Banking in GCC Countries; 4. Determinants of Profitability of Islamic Banks; 4.1. Dependent Variable; 4.2. Independent Variables; 5. Methodology and Dataset; 5.1. Data Collection
Of interest to both academics and practitioners who assist in making Shariah-centric strategies, this work is particularly important as Asia holds a major percentage of Islamic assets in South Asia, Southeast Asia, and the Middle East, with new opportunities opening in Central Asia.
