Islamic Capital Markets: Principles & Practices

Book editions and editors

Original language

English. C3

Publication

Kuala Lumpur: International Shari’ah Research Academy for Islamic Finance (ISRA) and Securities Commission Malaysia (SC), May 2015. Launch: 26 May 2015. C1 · C2

Editors

Marjan Muhammad; Beebee Salma Sairally; Farrukh Habib. They are editors of a multi-author textbook, not sole authors. C3

ISBN — paperback

978-967-349-652-5. C3

ISBN — hardback

978-967-349-626-6. C2 · C4

Extent

xl preliminary pages, 758 numbered pages in the library records; the publisher promotion states 758 total pages. C2 · C3 · C4

UiTM records a 2019 reprint. A reprint entry does not demonstrate a revised edition. The 2023 second edition has a different hardback ISBN, 978-983-3729-42-5; INCEIF announced it on 11 January 2024. Publication year and announcement date are different facts. C3 · C5 · C6 C9

The 2015 cover/title wording is supported by the public publisher promotion and library title statements, but the original title-page image and complete first-edition contributor/chapter list were not recovered. No exact chapter sequence or individual chapter findings are reconstructed. Preserve the actual chapter author’s credit when citing a copy you can read.

A map of the subjects you can look up

SC describes coverage across products and the frameworks around them. The grouping below is our reading map of those advertised topics, not the book’s chapter order. REIT means real estate investment trust; ETF means exchange-traded fund. These labels identify investment categories, not identical ownership rights. C1

Fund units, sukuk ownership and investor costs

For a student, the map helps choose a topic before consulting the chapter and its references. For someone comparing investments, it helps frame questions about what they own, who must pay, who manages the money and which costs reduce returns. Researchers and practitioners can use it as a historical reference, while checking later sources for current practice. SC’s stated audience includes students, academics and practitioners. C1

New editorial example: Mei and Farid in Malaysia both want to understand a sukuk mentioned in a fund factsheet. First identify whether the offer gives them fund units or a direct sukuk holding. Ask who receives their money, what rights the documents create, who pays fees, and how they can sell or redeem. The book’s title cannot answer those offer-specific questions; the proposed sukuk and investing guides below give a practical next reading path. No offer, return or eligibility is assumed.

Book editions and current investment rules

The record verifies bibliographic identity and advertised coverage. It does not reproduce the textbook’s case studies or certify that any named instrument is permissible in every form. A topic’s inclusion is not a Shariah ruling, proof of safety or a recommendation to invest.

Separate three questions: understanding the book, checking current rules, and examining a real offer. SC’s guidelines landing page lists a 30 March 2026 revision; that is a pointer to later documents, not a claim that every 2015 discussion is still current. C8

Find a legitimate copy and check the cost

Start with the publisher’s publications page for its catalogue, linked store and I-FIKR resources. For the first edition, search a library by the binding-specific ISBN: UiTM PERMATA and SC Knowledge Hub have records. A catalogue hit confirms a description, not a reserved copy or open visitor borrowing. Ask the library about membership, on-site use, loan conditions and any charges.

No current price, stock or delivery quote has been verified. The old publisher promotion contains historical prices; they are not reproduced as a present offer. Before paying, confirm edition, binding, ISBN, delivery cost and access period. A newer edition or an e-book licence may be a different purchase. Reading this record is not an investment subscription, and Muslim or non-Muslim readers can use the explanation; actual product access depends on the offer’s conditions.

Before you quote or rely on the book

1. Match the title, year, edition and binding-specific ISBN to the copy in hand.
2. Read the actual chapter before attributing an argument or result to it. Cite the chapter author, editors, chapter title and verified page range.
3. Distinguish the 2015 text from the 2019 reprint and 2023 second edition.
4. For a real investment, verify dated offering documents, fees, exit terms, risks and eligibility separately.
5. Keep any incomplete contributor/title-page verification explicit; a catalogue is not full-text evidence.

Practical reading next

These are

• Shares and funds: screening, costs and risk
• Sukuk: ownership and payment questions

References

Sources checked on 6 October 2026. This is a new summary and reading aid, not a recovered chapter or a publisher’s official page. External documents remain with their issuers.

1. C1 — SC launch announcementSecurities Commission MalaysiaSection checked: Title; launch; co-publisher; topics and audiencePublication / version: 26 May 2015; Accessed: 6 October 2026Historical announcement; coverage description, not chapter findings or current rules.
2. C2 — Malaysian ICM bulletin, July 2016–15 January 2017Securities Commission MalaysiaSection checked: Printed p9 / PDF page 9: book promotion, ISBNs and key subjectsPublication / version: Issue period: July 2016–15 January 2017; book date printed May 2015; Accessed: 6 October 2026Text of publisher promotion retrieved; PDF screenshot failed. Prices are historical and omitted. No full book retrieved.
3. C3 — UiTM PERMATA catalogue recordUniversiti Teknologi MARA, Perpustakaan Tun Abdul RazakSection checked: Title statement; editors; binding-specific ISBNs; imprint; extent; reprintPublication / version: Catalogue: 2015, reprinted 2019; record update date unstated; Accessed: 6 October 2026Indexed catalogue text retrieved; direct open returned an error. Catalogue description does not verify a physical copy or current loan status.
4. C4 — SC Knowledge Hub catalogueSecurities Commission Malaysia Knowledge HubSection checked: ISBD title, imprint, ISBN and extentPublication / version: Book: 2015; catalogue update date unstated; Accessed: 6 October 2026Hardback metadata only; 23 cm here versus 26 cm at UiTM. Dimensions omitted rather than blended.
5. C5 — Second-edition publisher resourceI-FIKR / ISRA InstituteSection checked: Title, year, ISBN and edition descriptionPublication / version: 2023 publication year stated; Accessed: 6 October 2026Indexed original resource text retrieved; direct open returned 403. Different edition, ISBN 9789833729425, corroborated by the publisher catalogue. Revised contents are not assigned to the 2015 book.
6. C6 — INCEIF second-edition announcementINCEIF UniversitySection checked: First edition in 2015; newly released second editionPublication / version: 11 January 2024 announcement; Accessed: 6 October 2026Announcement date is not a replacement for the second edition’s stated 2023 publication year.
7. C7 — Publications and translationsINCEIF University / ISRA InstituteSection checked: Publication catalogue and book-store / I-FIKR linksPublication / version: Web page undated; catalogue labelled 2024; Accessed: 6 October 2026Legitimate access starting point; stock, price, delivery and full-text entitlement not checked.
8. C8 — Islamic Capital Market Products and Services guidelines pageSecurities Commission MalaysiaSection checked: Current document listing and archive datesPublication / version: Issued 28 November 2022; listed revision 30 March 2026; Accessed: 6 October 2026Landing-page version pointer only. No substantive current guideline or effective-date claim is made from it.
9. C9 — Publisher publication catalogue 2024INCEIF University / ISRA Research Management CentreSection checked: Islamic Capital Markets: Principles & Practices (2nd Edition) entry: 2023; binding-specific ISBNsPublication / version: Catalogue labelled 2024; entry states publication year 2023; Accessed: 6 October 2026Indexed original publisher text; direct PDF open failed. Second-edition ISBNs: hardback 9789833729425; paperback 9789833729418. No current price or stock inferred.