Intermediate Islamic Finance

1. Epistemology of Finance Epistemology of an ideal conventional financial system Epistemology of an ideal Islamic financial system Risk sharing finance in a world of uncertainty Summary and conclusions
2. Finance and Ethics Embedded ethical issues in financial theory Cases of ethical issues in finance Virtue ethics model Islamic framework of business ethics Summary and conclusions
3. The Analytics of Finance The theory of interest The concept of time value Utility theory, risk aversion and risk premium The individual's optimal consumption and portfolio choices Market efficiency and the random-walk hypothesis Risk-sharing in finance Summary and conclusions
4. Equity, Efficiency and Firm Behaviour Theories of firm behaviour in Islamic economics The profit-sharing principle Theoretical construct of equity and allocative efficiency Summary and conclusions
5. Asset Pricing and Corporate Finance Capital asset pricing model Arbitrage pricing theory Capital structure theory Summary and conclusions
6. Scope of Financial Engineering and Derivatives Risk-hedging with forward and futures contracts Properties of options contracts Option valuation theory Applications of option pricing theory in Islamic finance Scope of financial engineering and risk-hedging in Islamic finance Summary and conclusions
7. Financing Models and Ownership Transfer Structure and dynamics of outstanding balances Financing schemes and ownership transfer Hybrid financing models based on risk sharing Summary and conclusions
8. Securitisation and Structured Finance Risk transfer with credit default swaps The mechanics of securitisation and structured finance Complexity of contract structures Securitisation, structured finance, and completeness of contracts Securitisation, risk transfer with waa'd structures, and options strategies Summary and conclusions
9. Financial Stability Financial system and the real economy Financial crises and debt-financing Stability of the Islamic financial system Summary and conclusions
10. Financial Regulation The economics of financial regulation The complexity of financial regulation The regulatory framework under Islamic finance The regulatory challenges in Islamic finance Summary and conclusions