Islamic Asset Management: An Asset Class on Its Own?

By Natalie Schoon | Go to book overview

CHAPTER 2
CONTRACTS AND
STRUCTURES FOR
ISLAMIC ASSET
MANAGEMENT

Asset management has historically developed to provide investors with investment and diversification opportunities they would not have been able to achieve individually. This chapter will review the development of the asset management industry, including Islamic asset management solutions. It contains an overview of the current state of the Islamic asset management market, and a brief overview of geographical spread and the main types of fund currently available in the market.


2.1 The definition of a fund

The Oxford Dictionary of Finance and Banking (1997) provides the following definition for the term ‘fund’: ‘1. A resource managed on behalf of a client by a financial institution. 2. A separate pool of monetary and other resources used to support designated activities.’ In asset management terms a fund is typically a combination of these two: a separate pool of resources managed on behalf of one or more clients.

From an investor’s point of view, an investment in a fund is typically a financial investment made with the expectation of a monetary gain. The Oxford Dictionary of Finance and Banking defines a financial investment as:

-19-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Islamic Asset Management: An Asset Class on Its Own?
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Acknowledgements viii
  • Figures ix
  • Boxes x
  • Tables xi
  • Introduction 1
  • Chapter 1 - Characteristics of Islamic Finance 3
  • Chapter 2 - Contracts and Structures for Islamic Asset Management 19
  • Chapter 3 - The Islamic Asset Management Market Place 49
  • Chapter 4 - Fund Operations 91
  • Chapter 5 - Processing 113
  • Chapter 6 - Sharia‘A Supervisory Board 151
  • Chapter 7 - Case Studies 169
  • Chapter 8 - Summary and Concluding Remarks 195
  • Glossary 203
  • Bibliography 209
  • Index 213
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 221

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.