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    Understanding Interest Rate Securities: An Eaglemont Career Book for Students
    Understanding Interest Rate Securities: An Eaglemont Career Book for Students
    Understanding Interest Rate Securities: An Eaglemont Career Book for Students
    Ebook45 pages27 minutes

    Understanding Interest Rate Securities: An Eaglemont Career Book for Students

    By Paul McNamara

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    About this ebook

    This Career Book is aimed at students of Islamic finance and helps to explain the range of interest rate securities used in conventional finance. This Career Book looks only at conventional interest rate securities as savings and investment vehicles and is structured to start at the ‘short end’ of the interest rate yield curve and move onto the ‘long end’ of the interest rate yield curve. The interest rate yield curve itself is explained in simple terms within this Career Book but in essence, the longer that money is locked away the higher the rate of interest associated with it – reflecting the nature of risk and rewards in a conventional financial environment.

    Students with a working knowledge of non-Riba bearing Shari’ah compliant instruments may also find it useful to look for parallels between some of the instruments described in this book and those that can be found in some Islamic finance markets. Indeed, in some largely Islamic finance markets, some of the instruments that are popular with savers and investors seem to have been modelled closely on their conventional counterparts.

    LanguageEnglish
    PublisherPaul McNamara
    Release dateJun 14, 2016
    ISBN9781370025145
    Understanding Interest Rate Securities: An Eaglemont Career Book for Students
    Author

    Paul McNamara

    Paul McNamara is an editor and journalist with over 20 years’ experience. His career includes spells with the Financial Times, Euromoney, BRW Media, Asia-Inc, Private Equity & Hedge Funds Middle East and Banker Middle East. He has a specialization in Islamic finance, the Middle East banking and finance industry, GCC capital markets, wealth management and the world of interest rate securities.

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      Book preview

      Understanding Interest Rate Securities - Paul McNamara

      An Eaglemont Career Book

      Understanding Interest Rate Securities

      By

      Paul McNamara

      Copyright

      © Paul McNamara

      Published by Eaglemont Books, 2016

      WWW.EAGLEMONTBOOKS.COM

      All rights reserved.

      This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that which it is published, without the prior consent of the Publishers. Neither the publisher nor the author make any legal representation or warranty with respect to the contents of the book, and they do not accept liability for any inaccuracy in the material in the book. Any materials or graphics used in this work are used on a Fair Use basis in order to explain concepts and demonstrate usage only.

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      Series introduction

      Eaglemont Career Books for Students

      Students and aspiring young Islamic financiers have never had it so tough.

      Around the world, the sizes of the workforces in all kinds of finance functions are shrinking, from banking to insurance, brokerage to wealth management. Recent headlines in the media have bemoaned the fact that many former office blocks in the City of London, the undisputed capital of world finance, have been converted into residential units. There is simply less demand for office space from banks these days because they do not need to accommodate as many people.

      There is a continuing trend seen of big banks and insurance companies cutting their head count and we are faced with the picture of a shrinking financial services landscape and fewer jobs all round. In part this is a backlash against ‘big banks’ in the aftermath of the global financial crisis that rocked the world in 2008 and beyond. In part it is the seamless shift from people-based jobs to technology-based jobs. Computers, robots and algorithms are replacing us all and finance is suffering just as much as, possibly more than, every other sector.

      The Islamic financing space, being younger and also being generally centred in less developed markets, is affected slightly less acutely than its conventional counterpart but it is not immune. Islamic banks are feeling the pinch. There are simply fewer jobs going around and those that

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