CONTENTS: Islamic Banking -- An Overview; Islamic Banking Can You Afford to Ignore it? ; Islamic Financing Arrangements used in Islamic Banking; Islamic Banking & Finance Shari' a-Compliance & the Reinterpretation of Riba; Banking for the Poor: The Role of Islamic Banking in Microfinance Initiatives; Ethical Money: Financial Growth in the Muslim World; Sri Lanka & the Scope for Islamic Banking; Settlement of Islamic Banking Disputes in Indonesia: Opportunities & Challenges; Islamic Banks in Jordan: Performance & Efficiency Analysis; Funding & Financing in Islamic Banking System; Risk Management: Islamic Financial Policies -- Islamic Banking & its Potential Impact.
CONTENTS: Islamic Banking -- An Overview; Islamic Banking Can You Afford to Ignore it?
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?
This text explains how Islamic banking works and what it offers as an alternative model of financial intermediation.
Islamic Financial Economy and Islamic Banking, is a thorough, deeply conceptual, analytical and applied work in the area of epistemological foundation of Islamic world-system. The book presents a new frontier of original contribution to the theme of generalized-system model of shari’ah. The model, derived from the Qur’an and Sunnah (Prophetic guidance) incorporates a wide analytical coverage of the purpose and objective of the Islamic worldview (maqasid as-shari’ah) in Islamic economics and finance in particular. The author covers issues that contrast with the existing understanding of Islamic economics and finance, including some specific goals defining the field and how they compare in today’s unstable world of financial volatility. A new heterodox thinking in economic theory is outlined. The potential as to how such issues can be addressed by the Tawhidi epistemology in formulating the generalized-system model of the purpose and objective of shari’ah lead the way in this book. Its presentation and analysis, methods and approach, overarch the fields of philosophy of science, rigorous analysis, mathematical and other presentations of the understanding given, and all taken up in the light of the exegesis of the Qur’an and coverage of the Sunnah. The result is a substantive one in the field of scholarship and application; and in analytically proving the universality and uniqueness of the epistemic worldview for the academic and practitioner world at large. The totality of the multiverse diversity of issues and problems reviewed comprise the study of the world-system by the Tawhidi methodological approach. Yet this methodology and its empirical configuration are universally applicable to all users without any need for unnecessary religious overtone.
The potential as to how such issues can be addressed by the Tawhidi epistemology in formulating the generalized-system model of the purpose and objective of shari’ah lead the way in this book.
Islamic banking and economics (IBE) is a fast-growing subject of vital interest in both East and West as Muslims change their attitudes towards investments and find ways to invest their funds according to the Islamic faith. Along with the rapid developments in Islamic banking there has been a concomitant increase in the quantity of relevant IBE material generated. Since IBE is a highly specialized cross-disciplinary field involving economics, business, marketing, religion, philosophy and culture, it is difficult for researchers to locate and obtain information without having to go through several secondary sources such as indexing and abstracting services. In this electronic age, it is essential for researchers to be aware of the various forms of information available for consultation. Yet, until now, the few previous works on IBE information sources have been limited to the coverage of materials available during the early 1980s, before the most recent period of expansion, and in addition the materials cited were often unpublished and therefore unobtainable. In answer to a long-felt need, "Information Sources on Islamic Banking and Economics" provides a detailed bibliography of IBE sources concentrating on the period 1980-1990 with some data from 1991 and 1992, and with the additional unique feature of setting out, for the first time, the information infrastructure of the IBE discipline. A comprehensive author index and a keyword subject index for important terms are provided, and only published - and therefore easily obtainable - items have been included. This book is essential reading for all researchers, economists, bankers and others who need information on the increasingly important field of Islamic banking and economics, and related areas.
Islamic banking has emerged only recently in the contemporary financial world.
And from the first example of the Egypt«s Mit Ghamr savings Bank in 1963 it has
grown strongly to today«s 100 or so Islamic financial institutions worldwide.
Do Islamic financial institutions perform better than their Western counterparts during periods of financial stress? How do Islamic financial institutions manage risk, given their unique characteristics and the need for shari'ah compliance? Islamic Banking and Financial Crisis looks at the challenges for Islamic financial institutions in an international post-Basel II system where banks are required to have more capital and liquidity. It also examines the influence of governance on client and investor perceptions and their implications for institutional stability and sustainability. It concludes by suggesting how the Islamic financial industry can better fulfil both the legal and social requirements of shari'ah.
Due to the sub-prime financial crisis, and with banks being one of its major
players, many countries have begun to look for more prudent, more transparent
banking models in order to overcome the critical flaws of the conventional and
current ...
The expert contributors examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community�s well-being. The volume explores in detail the nature of Islamic banking prod
Following an initial volume, The Foundations ofIslamic Banking. Theory, Practice
and Education, 2011, the first volume in the series dealt with a specialized area,
namely The Islamic Debt Marketfor Sukuk Securities (2012). The present book is
...
A comprehensive overview of key developments in Islamic banking In Islamic Banking in Indonesia, renowned economist Dr. Rifki Ismal explores current issues in Islamic banking and financial products with a particular focus on the danger of liquidity risk in Indonesia. It approaches liquidity risk from the conventional perspective of international banking standards, as well as from the Islamic banking perspective. Dr. Ismal also covers the issues of asset-liability balancing, liquidity risk index, organizational structures for managing liquidity, industrial analysis, withdrawal risk, bankruptcy risk, moral hazard risk, and market risk. Compiling all the latest academic research on liquidity risk and other risks in Islamic banking, the book provides a theoretical foundation for managing risk that will is highly useful for researchers on Islamic banking and practitioners and academics. Written by a renowned expert on Islamic banking who works on monetary policy at the central bank of Indonesia Covers the latest developments in Islamic banking, particularly liquidity risk, for a rapidly expanding market Ideal for European and American readers, in addition to Asian readers, who need a fuller understanding of Islamic banking institutions, markets, and products With the latest academic research and the expertise of a leading practitioner in Islamic banking, this book offers in-depth coverage of the most pressing issues in the field.
This is because funds utilized in Musharakah financing is a combination of funds
from the Qardh hassan Central Bank certificate and from the government (
entrepreneur) funds. However, the use of the Qardh hassan funds should
consider the ...
