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Teaching Corporate Finance


From an Islamic Perspective




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:
1. Brealey, Richard A. and Stewart C. Myers, Principles of Corporate
Finance, 6th Edition, Mcgraw Hill, 2004
2. Ross, Westerfield and Jordan, Essentials of Corporate Finance, 4th
Edition, Mcgraw Hill Irwin, 2004
3. Brigham, Eugene F. and Joel F. Houston, Fundamentals of Financial
Management, 8th Edition, The Dryden Press, 1998
4. Brigham, Eugene F. and Louis C. Gapensky, Financial Management:
Theory and Practice, 6th Edition, The Dryden Press, 1991



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MSWORD

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. Residual Analysis
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- :
Seif El-Din Tag El-Din, The Stock-Exchange from an Islamic Perspective,
Journal of King Abdulaziz University: Islamic Economics, Vol. 8, pp. 29-48
(1416 A.H. / 1996 A.D).

- :
Justice Muhammad Taqi Usmani (1999), An Introduction to Islamic Finance,
Idaratul Maarif, Karachi.

- :
Obaidullah, M. Rating of Islamic Financial Institutions: Some Methodological
Suggestions, Islamic Economics Research Centre, King Abdulaziz University
)(forthcoming

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110 100

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100 90


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: -
Zarqa, M.A. (1983) Project Evaluation in Islamic Perspective, in Z. Ahmad et al.
(ed.), Fiscal Policy and Resource Allocation in Islam, Islamabad, Institute of Policy
Studies.

-
:
Ridha Saadallah (1994) Concept of Time in Islamic Economics, Islamic
Economic Studies, Vol.2, No.1.

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. Harry Markowitz
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EF . M M CML EF
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RFI
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EF .

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CAPM
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--
CAPM .

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. RF


1) Majallahel-Ahkam-I-Adliya (n.d) translated by C..R. Tyser, Law Publishing
Company Lahore, Pakistan
2) Naqvi, S.N.H. (1986), A Model of Dynamic Islamic Economy, Pakistan Institute
of Development Economics, Islamabad, Pakistan.
3) Tag el-Din, Seif. I. (1991), Risk-Aversion, Moral Hazard and The financial
Islamization Policy, Review of Islamic Economics, Volume1, No. 1, pp. 49-66.
4) Lewis D. Johnson and Edwin H. Neave (1996) Efficiency and Effectiveness of
Islamic Financing: The Cost of Orthodoxy, Working Paper # 96-26, Queens
School of Business, Queens University, Canada

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" " . Smoke and Mirrors


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Insider Trading
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1. H Shefrin and M Statman (1992) Ethics, Fairness, Efficiency, and Financial
Markets, The Research Foundation of Institute of Chartered Financial Analysts,
Virginia
2. Obaidullah, M. (2001) Ethics and Efficiency in Islamic Stock Markets,
International Journal of Islamic Financial Services, Vol.3, No.2. Also see Seif elDin Ibrahim Tag el-Din (1996) Charaterizing the Stock Exchange from an
Islamic Perspective, Journal of King Abdulaziz University: Islamic Economics.
Vol. 8 and Comments by Obaidullah, M. (2000) on this paper, Journal of King
Abdulaziz University: Islamic Economics. Vol. 12

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Capital Budgeting
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1- see Zarqa, M.A. (1983) Project Evaluation in Islamic Perspective, in Z.
Ahmad et al. (ed.), Fiscal Policy and Resource Allocation in Islam,
Islamabad, Institute of Policy Studies.

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Miller-Modigliani
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MM Kd
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MM

...
.
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Trade-off Theory . Pecking-Order Theory
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MM

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Operating Income
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--

Interest Tax Shields
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Trade-off Theory
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.

- : Raider
-- Hubris


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" " Junk Bonds

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-- Stakeholders

:
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--

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--
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Tender Offer
. Swap

:
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- :

Shark
Repellent Strategy .
--

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Stock Splits

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Staggered Terms

.
Supermajority


.
:

. Proxy Fight
.
--
" "
.
Double PAC-MAN .

.

.
Asset-Strip

.
.


.
Greenmail
.
Stand-Still Agreements
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) ( )
( .

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Stand-Still Agreement
Special Purpose Vehicle (SPV)

Acquisition, Takeover
Earnings Per Share (EPS)
Double PAC-MAN -
Asset-Strip
Insider Trade ( )
Stock Split
Discounted Cash Flow (DCF)
Cumulative Voting
Synergy
Corporate Finance
Efficiency Frontier (EF)
Equity : ( )
+ +
Capital Market Line (CML)
Security Market Line (SML)
Smoke and Mirrors ( )
Receivables ( )
Venture Capital
Vision-Mission-Goal (VMG) --
Staggered Terms
Invesment Bankers )(
Initial Public Offering (IPO)
Greenmail
Net Present Value (NPV)
Fundamental (Intrinsic) Value

Dilution Cost
Investment Banks
Internal Rate of Return (IRR)
Accounting Rate of Return (ARR)
Proxy Fight
( )
Parameters
Stakeholders
Framework
Pecking-Order Theory
Arbitrage Pricing Theory (APT)
Trade-off Theory
Miller-Modigliani Theory (MM's Theory) -
Capital Asset Pricing Model (CAPM)
Savings-Deficit-Units (SDU)

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