This book explores several non-traditional and under-researched fields in Islamic finance through its investigations into how the newly-emergent financial instrument Sukuk behaves in the broader field of finite-period financing and pricing in the market place. It provides readers with didactic information on the fundamental theories of term structure and in-depth information on this nascent financial instrument in the Islamic capital market. The book employs one and two-factor models of term structure in order to analyse sovereign and corporate Sukuk bonds from the worlds leading Islamic economy, Malaysia. For the purposes of the study, the book establishes profit rate yield curves in the tradition of the conventional bond yield curve in order to define different risk classes of Sukuk. The dynamics of term structure of profit rates are captured with the inclusion of volatility as a factor in one of the models. The book provides informative case studies for interested students and researchers in the field of financial economics and mathematical finance. It also provides examples that will serve to simplify future research in term structure analysis and reduce its computational inefficiency.
This book explores several non-traditional and under-researched fields in Islamic finance through its investigations into how the newly-emergent financial instrument Sukuk behaves in the broader field of finite-period financing and pricing ...
yang moderat . Hadir dalam kehidupan kita sehari - hari dar itulah kami buktikan dalam aktifitas berpartai maupun aktifitas anggota dewan dari PK , di mana kader PK secara umum bisa menampilkan perilaku beragama secara nyata dalam ...
Akan tetapi , sebagaimana telah ditulis diatas , di Indonesia pada saat ini telah muncul generasi baru yang lebih moderat terhadap nilai - nilai modernitas yang pada gilirannya akan memberikan wajah Islam yang seharusnya yaitu , toleran ...