Download or read book On Islamic Banking Performance and Financial Innovations written by Mondher Bellalah and published by Cambridge Scholars Publishing. This book was released on 2014-10-16 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic banking has seen rapid growth during the last two decades. This is a result of the liberalization of financial regulation, the globalization of financial markets, technological changes, product innovation, the birth of several new Islamic States, and a growing Islamic presence in the West, among other factors. New innovations have allowed economists and religious scholars to bring new products to almost all areas of banking and insurance, products which would previously have been extremely controversial. This book provides a better understanding of the Muslim community around the world of Islamic economics and its importance, especially in these days of financial crisis. The book will also serve as a reference manual for teaching the theory and practice of Islamic banking and Islamic financial innovations around the world. Islamic finance courses at universities are highly important since Islamic financial innovations remain very limited, and additional efforts have to be made in this area.
Download or read book Islamic Banking and Finance written by Mondher Bellalah and published by Cambridge Scholars Publishing. This book was released on 2013-07-16 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance is founded on principles that constitute the guidelines governing any Islamic economic or financial dealings. Innovative financial engineering today constitutes one of the most critical needs of Islamic financial institutions. It represents the forces that will drive Islamic finance toward continuous growth and efficiency. The structuring of new financing and Shariah-complaint instruments plays an important role in the enhancement of Islamic financial markets, and Islamic risk management practices, combining basic Shariah-complaint financial instruments within Shariah structures to precise identified needs. The financial engineering process in Islamic finance is a process that is very sensitive and complex. It requires multidisciplinary considerations, involving deep knowledge of finance, economy, Shariah law and commercial law. Divergence of opinions among different Shariah scholars and boards, as well as the absence or lack of effectiveness of a central regulatory body, is perceived as an obstacle to the growth of investment confidence in Islamic finance. Hence, innovation, along with greater uniformity, is essential to make Islamic finance an international financial system and to attract a greater number of customers. This book addresses the main issues of concern within Islamic banking, namely the development of conceptual framework, the viability of interest-free banking, and the assessment of its performance and future. In a world where conventional interest-based finance is the dominant framework, Islamic banking faces many challenges that must be addressed. This book discusses these issues and challenges and will be of great interest to both researchers and practitioners. It analyses the past experiences of Islamic banks worldwide, and provides an objective assessment of their successes and failures.
Download or read book Islamic Finance written by Accounting and Auditing Organization for Islamic Financial Institutions and published by Euromoney Books. This book was released on 2002 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines Islamic finance and Sharia compliant structures in the retail and private banking sector; trade and commodity finance; project finance; leasing and property finance; corporate finance; and risk management and concludes with a discussion of challenges the sector faces.
Download or read book The Growth of Islamic Finance and Banking written by Hussain Mohi-ud-Din Qadri and published by Routledge. This book was released on 2019-08-23 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field. The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models. This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.
Download or read book The Growth of Islamic Finance and Banking written by Hussain Mohi-ud-Din Qadri and published by Routledge. This book was released on 2019-08-23 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field. The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models. This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.
Download or read book A New Financial Dawn written by Joseph A. DiVanna and published by . This book was released on 2009 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Financial Dawn examines the global economic crisis in the context of how western markets influence Islamic financial innovation. Joseph DiVanna, author and Managing Director of Maris Strategies, and Antoine Sreih, CEO of Europe Arab Bank, discuss how market conditions are creating a fertile seedbed for the next generation of innovation in Shariah-compliant financial services. The authors also consider the rising discourse that Islamic finance could be a replacement for capitalism. The book explores how Islamic finance differs from conventional finance by reviewing the early results from banks at the vanguard of product development. DiVanna and Sreih argue that financial institutions provide a nation with social financial cohesion, the economic glue that holds a society together by facilitating the commercial needs of business and making possible the wide variety of lifestyles enjoyed within a nation. Posing the question Does Islamic finance provide new ethically based economic cohesion to the vast underserved Muslim communities?, this book examines how Islamic banking has capitalized on innovation over the past two decades to fulfil its promise of equality and fairness by rebuilding trust in banking and financial services. Setting the stage for future research, DiVanna and Sreih explore rising issues such as Islamic monetary union, alternative forms of currency and a host of factors that are shaping this new industry.
Download or read book Islamic Banking and Finance written by Mondher Bellalah and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance is founded on overarching principles that constitute the guidelines governing any Islamic economic or financial dealings. Innovative financial engineering today constitutes one of the most critical needs of Islamic financial institutions, as it represents the forces that will drive Islamic finance toward continuous growth and efficiency. The structuring of innovative financing and Shariah-compliant instruments plays an important role in the enhancement of Islamic financial markets and Islamic risk management practices. Combining basic Sharia-compliant financial instruments within Shariah-compliant structures to precise identified needs defines the financial engineering process in Islamic finance. Such a process is very sensitive and complex as it requires multidisciplinary considerations involving deep knowledge of finance, economy, Shariah law and commercial law. Divergence of opinions among different Sharia scholars and boards, as well as the absence or lack of effectiveness of a central regulatory body, is perceived as an obstacle to the growth of investment confidence in Islamic finance. Hence, innovation, along with greater uniformity, is the order of the day to make Islamic finance an international financial system and to attract a greater number of customers. Islamic banking principles have attracted attention from academic researchers and regulators both in developing and developed countries as a result of their distinguished micro-operating fundamentals. The prohibition of interest payments by Islamic Sharia (Islamic law) has instead made equity and profit sharing the cornerstones of its operational structure activities. This book addresses the main issues of concern within Islamic banking, namely the conceptual framework and viability of interest-free banking and the assessment of its performance and future. In a world where conventional interest-based finance is the dominant framework, Islamic banking faces many challenges that must be addressed. This book discusses the contemporary issues and challenges confronting the Islamic banking system and will be of great interest to both researchers and practitioners. It analyses the past experiences of Islamic banks worldwide and provides an objective assessment of their successes and failures.
Download or read book Banking Governance Performance and Risk Taking written by Faten Ben Bouheni and published by John Wiley & Sons. This book was released on 2016-09-16 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development of emerging countries is often enabled through non-conventional finance. Indeed, the prohibition of interest and some other impediments require understanding conventional finance and Islamic finance, which both seek to be ethical and socially responsible. Thus, comparing and understanding the features of Islamic banking and conventional banking, in a globalized economy, is fundamental. This book explains the features of both conventional and Islamic banking within the current international context. It also provides a comparative view of banking governance, performance and risk-taking of both finance systems. It will be of particular use to practitioners and researchers, as well as to organizations and companies who are interested in conventional and Islamic banking.
Download or read book Thirty Years of Islamic Banking written by M. Iqbal and published by Springer. This book was released on 2016-01-13 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text explains how Islamic banking works and what it offers as an alternative model of financial intermediation. Important questions addressed include: Why Islamic banking started and where it is going? Who are the main players at present and whom it will attract in future? What are its strengths and weaknesses? Will Islamic banks survive in highly competitive and globalized financial markets? What are their prospects and potentials? How does the relative performance and efficiency of Islamic banks compare to conventional banks?
Download or read book Contemporary Islamic Finance written by Karen Hunt-Ahmed and published by John Wiley & Sons. This book was released on 2013-01-14 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive look at the innovations, applications, and best practices of Islamic finance Islamic-compliant finance is transacted in every major world financial center, and the need for information on the topic in light of its global reach has grown exponentially. As an expert in this field, author Karen Hunt-Ahmed understands the intricacies of this area of the capital markets. Now, along with the help of a number of experienced contributors, she skillfully addresses Islamic finance from the perspective of practitioners, examining issues in wealth management, contract law, private equity, asset management, and much more. Engaging and accessible, Contemporary Islamic Finance skillfully explains the practices and innovations of Islamic finance in everything from banking and real estate to private equity, asset management, and many other areas. It is intended to be the go-to resource for both Muslims as well as non-Muslims with an interest in the subject. Divided into three comprehensive parts, it will put you in a better position to understand, and excel at, this important endeavor. Introduces you to the history, legal structures, and basic financial contracts in the industry Highlights the various issues facing contemporary Islamic finance practitioners, and details their significance in the contemporary financial and cultural environment Includes case studies of United States-based transactions and related challenges and successes Filled with in-depth insights and expert advice, this detailed analysis of Contemporary Islamic Finance will help you gain a firm understanding of how effective this proven approach can be.
Download or read book Islamic Finance written by Tina Harrison and published by Springer. This book was released on 2016-09-20 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates how the global market for Islamic financial services has shown strong growth in recent years and shown remarkable resilience during the global financial crisis. Drawing on a range of international perspectives from the Gulf Cooperation Council countries, Malaysia, Pakistan, Australia and Europe, this book explores the characteristics and performance of Islamic finance and banking and discusses future prospects. It offers a comprehensive theoretical framework for Shariah governance in Islamic financial institutions, explores Shariah-compliant equities, as well as issues in productivity, technology and efficiency. It includes a number of comparative studies on Islamic and conventional banks, Islamic and conventional unit trusts, and Islamic and conventional banks’ product mixes. The challenges and opportunities for the expansion of Islamic finance and banking into Europe are explored through the contexts of the UK, Germany and Italy.
Download or read book An Overview of Islamic Finance written by Mr.Mumtaz Hussain and published by International Monetary Fund. This book was released on 2015-06-02 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
Download or read book Developments in Islamic Finance written by Syed Aun R. Rizvi and published by Springer. This book was released on 2017-08-03 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents empirical research that addresses the latest issues and innovative products in Islamic banking and finance around the world. Chapters from expert contributors cover a wide range of topics, including the various issues in stock markets, an overview of takaful, a roadmap for introducing Islamic finance to uncharted territories and an in-depth analysis of the current challenges. Case studies and statistics provide up to date information that can be used for future research. This book will be of interest to academics and researchers who wish to learn more about the challenges of Islamic finance and economics.
Download or read book Islamic Versus Traditional Banking written by Elias Kazarian and published by Westview Press. This book was released on 1993-07-19 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Islamic Banking and Financial Crisis written by Habib Ahmed and published by Edinburgh University Press. This book was released on 2013-12-16 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the resilience of Islamic banking during the global financial crisis and lessons for risk management. Do Islamic financial institutions perform better than their conventional counterparts during periods of financial stress? To what extent do systems for managing risk have to be adapted for Islamic financial institutions, given the unique characteristics of their assets and liabilities and the need for shari'ah compliance? These issues have come to prominence since the global financial crisis of 2007-8 and the subsequent recession, and are addressed in this book. The challenges for Islamic financial institutions are explored in an international post Basel II system where banks are required to have more capital and liquidity. Governance issues are also examined, given their influence on client and investor perceptions and their ultimate implications for institutional stability and sustainability.Offers an in-depth assessment of how Islamic banks weathered the financial crisis and what lessons can be learnt. Asks whether Islamic banks are inherently more stable than conventional banks during periods of economic stress. Examines how Islamic banks manage risk, focusing on liquidity risk and the use of forward contracts to mitigate currency risk. Appraises the work of internal shari'ah audit units and the use of shari'ah reports to reduce non-compliance risks. Features case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries.
Download or read book Islamic Banking Steady in Shaky Times written by Abdirahman Abdi and published by . This book was released on 2013-08-29 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though it remains a niche market, Islamic banking is the fastest growing banking and financial sector in the world. In 2012, its total market value surpassed one trillion dollars, and the banking system is highly prevalent in some of the world's fastest growing emerging economies like Turkey, Indonesia, and Malaysia. Many argue that its alternate model of finance proved uniquely suited to weather financial crises and the recessions that subsequently follow as the recent global financial crisis and the Great Recession of 2007 to 2009 has shown. Islamic Banking: Steady in Shaky Times? examines if there is empirical support for the assertion that Islamic banks are more stable than conventional institutions. This provocative book is authored and researched by Dr. Abdirahman Mohamed Abdi. He has a PhD in monetary and international economics from George Mason University and nearly thirty years of experience working for both Wall Street and the World Bank, where he was a treasury operations official in the assets & liability management unit of the Bank's $115 billion balance sheet portfolio. He currently works as a financial and economic consultant in the Washington, D.C. area. His book critically assesses the advantages and challenges facing Islamic finance. It analyzes the origins and evolution of Islamic finance and shows the role that major schools of Islamic thought play in deciding whether a particular transaction or financial instrument complies with Islamic law. The book delves into case studies in the Middle East and the island nations of Southeast Asia. As Abdi shows however, there are vital signs that Islamic banking is quickly improving its performance. At its core, the book is concerned with the stability and performance of financial institutions whether they are Islamic or Western. The recent global financial crisis had its roots in the weak regulation and reckless speculation of financial institutions in developed Western countries. The text also address the costly consequences for taxpayers when governments have to bail out banks who do not want to mend their ways of leveraging large amounts of debt on risky financial products. As regulating the banking sector to stave off financial crisis has become a hotly contested issue in the United States and the Eurozone countries, this book looks at what lessons conventional financial institutions can draw from the underlying principles of Islamic finance. His book gets to the heart of what makes Islamic banks different from their conventional or Western counterparts and in what regards the institutions share the same values. The book will prove of interest to investors who want to learn more about emerging markets in the Muslim world where many large financial institutions and corporations use the principles of Islamic finance. Intended for academics and professionals, the book will also be of interest to the educated middle classes in North Africa and Middle East, Malaysia, and Indonesia, where Islamic banking and financial services are rapidly growing in dominance.
Download or read book Impact of Financial Technology FinTech on Islamic Finance and Financial Stability written by Naifar, Nader and published by IGI Global. This book was released on 2019-09-27 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: With advancing technologies like distributed ledgers, smart contracts, and digital payment platforms, financial services must be innovative in order to remain relevant in the modern era. The adoption of financial technology affects the whole Islamic financial industry as well as the economic stability of a globalized world. There is a need for research that seeks to understand financial technology and the regulatory technology necessary to ensure financial security and stability. Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability is an essential publication that examines both the theory and application of newly-available financial services and discusses the impact of FinTech on the Islamic financial service industry. Featuring research on topics such as cryptocurrency, peer-to-peer transferring, and digital wallets, this book is ideally designed for researchers, bank managers, economists, analysts, market professionals, managers, executives, computer scientists, business practitioners, academicians, and students seeking coverage on how the latest in artificial intelligence, machine learning, and blockchain technology will redesign Islamic finance.
