The economics of Islamic finance and securitization
By: prepared by Andreas A. Jobst.
Contributors: International Monetary Fund. Monetary and Capital Markets Dept.
Series: IMF working paper -- WP/07/117
Publisher: International Monetary Fund, Monetary and Capital Markets Dept.
Published: 2007
Place of publication: [Washington, D.C.]
Language: eng
Number of pages: 35
Subjects: Finance -- Religious aspects -- Islamic countries.; Banks and banking -- Religious aspects -- Islamic countries.; Bonds -- Islamic countries.; Financial instruments -- Islamic countries.
Description: "This paper explains the fundamental legal principles of Islamic  finance, which includes the presentation of a valuation model that helps distil the essential economic characteristics of shariah-compliant synthetication of conventional finance. In addition to a brief review of the current state of market development, the examination of pertinent legal and economic implications of shariah compliance on the  configuration of securitization transactions informs a discussion of the most salient benefits and drawbacks of Islamic securitization." - - Abtract.
Notes: Caption title.

"May 2007."

Includes bibliographical references.