Islamic Finance and Sukuk Handbook – Where Shariah Meets Commercial Demands


Islamic Finance and Sukuk Handbook – Where Shariah Meets Commercial Demands

By Saw Ann Ping, CFA
Can Islamic finance find its way back to its core or must one still buy and sell iron ore to raise funds the Shariah-compliant way?  Is Islamic finance compatible with the commercial demands of the modern world?  Bear in mind that trade was the predominant business activity in the land during the Prophet’s time.  With minimal infrastructure or capital intensive investments, the usual type of financing as we know it was not prevalent.  Hence, there is not much precedence that can be used when it comes to structuring Islamic finance for the current times.

With conventional financing dominating the financial industry, Islamic finance practitioners have tried to fit Shariah principles into conventiona financing structures, some times, focusing on meeting the form rather than the substance.

This book, Islamic Finance and Sukuk Handbook – Where Shariah Meets Commercial Demands sets out structures for almost all financing situations.  It outlines how both commercial and Shariah requirements are met without the need for Bai Inah, arranged Tawarruq, profit guarantees on Musyarakah and Mudharabah, or preference shares.  New structures for project finance, supplier financing, JVs, student financing, etc are also introduced.

With the step-by-step guide, newcomers and people without any advanced credit appreciation will also benefit from the book as they learn how to become Islamic finance practitioners.  It is a book written by practitioners for practitioners.

The book is now open for orders at

Author profile
Saw Ann Ping is a CFA charterholder with over 20 year’s experience in financial advisory, fund raising and consulting. Her areas of specialization are financial structuring, Islamic finance and privatization. Her work has been recognized by various Malaysian and international bodies such as Euromoney and Islamic Finance News for its innovation. Her last position was head of wholesale banking for Hong Leong Islamic Bank.

Prior to that, she was the head of corporate finance in RHB ISLAMIC Bank and head of corporate banking and debt securities in Utama Merchant Bank. Before becoming an investment banker, she was a management consultant with Arthur Andersen, involved in various advisory projects for the Asian Development Bank, KL International Airport and other
Government agencies and the private sector.

She was a speaker at China Development Bank’s Senior Policy Seminar in Beijing and at the Middle East Business Forum in Dubai on Islamic finance for infrastructure projects. She has conducted financial mastery courses, cash flow modelling, getting bank loans, and debt capital market for numerous clients including financial institutions, public listed companies and private companies. She holds a Bachelor of Science (honours) degree from the University of Canterbury, New Zealand, majoring in Economics and Operations Research.

This report has been prepared and issued by Bond and Sukuk Information Platform Sdn Bhd (“the Company”). The information provided in this report is of a general nature and has been prepared for information purposes only. It is not intended to constitute research or as advice for any investor. The information in this report is not and should not be construed or considered as an offer, recommendation or solicitation for investments. Investors are advised to make their own independent evaluation of the information contained in this report, consider their own individual investment objectives, financial situation and particular needs and should seek appropriate personalised financial advice from a qualified professional to suit individual circumstances and risk profile.
The information contained in this report is prepared from data believed to be correct and reliable at the time of issuance of this report. While every effort is made to ensure the information is up-to-date and correct, the Company does not make any guarantee, representation or warranty, express or implied, as to the adequacy, accuracy, completeness, reliability or fairness of any such information contained in this report and accordingly, neither the Company nor any of its affiliates nor its related persons shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof.
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