Economic Capital And Risk Management In Islamic Finance

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Economic Capital and Risk Management in Islamic Finance

Abdul Ghafar Ismail,Muhamed Zulkhibri
Economic Capital and Risk Management in Islamic Finance Book PDF

Author : Abdul Ghafar Ismail,Muhamed Zulkhibri
Publisher : Taylor & Francis
Page : 278 pages
File Size : 50,9 Mb
Release : 2024-03-06
Category : Business & Economics
ISBN : 9781003858171

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Economic Capital and Risk Management in Islamic Finance by Abdul Ghafar Ismail,Muhamed Zulkhibri Pdf

Economic capital is the subject of great debate among academics and professionals in the field of risk management. Conceptually, Islamic finance's encouragement of risk-sharing eliminates the debt burden encountered by the conventional banking sector. The majority of the Islamic banking system is based on equity-based financing. To be effective in practice, a variety of well-functioning institutions are required to translate Islamic banking concepts into a 'real-world' financial system. In spite of this, the regulatory, legal, product and operational requirements specific to Islamic banks may necessitate a distinct strategy for managing capital-related risks. This book provides a comprehensive review of the theoretical and practical aspects of Islamic economic capital in relation to contemporary Islamic finance. Drawing on the risk-sharing concept, this book delves into the core concept of economic capital from an Islamic perspective, including comparisons to conventional finance theory. Furthermore, it introduces alternative models and offers practical examples to strengthen the regulation and supervision of the Islamic banking system. It also addresses critical policy challenges concerning economic capital in Islamic finance, especially in dual banking countries. This book seamlessly integrates new theory with empirical insights and discusses emerging themes, including stress testing and Shari'ah compliance issues. Most of the chapters are illustrated with real-world cases and practical examples. This book is intended for advanced degree students in finance, and investment professionals, as well as financial practitioners and advisors, particularly those who are pursuing Islamic economics and finance courses.

Economic Capital and Risk Management in Islamic Banking

Abdul Ghafar Ismail Ghafar Ismail,Muhamed Zulkhibri
Economic Capital and Risk Management in Islamic Banking Book PDF

Author : Abdul Ghafar Ismail Ghafar Ismail,Muhamed Zulkhibri
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 40,5 Mb
Release : 2020-03-27
Category : Electronic
ISBN : 1789905826

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Economic Capital and Risk Management in Islamic Banking by Abdul Ghafar Ismail Ghafar Ismail,Muhamed Zulkhibri Pdf

Providing clarity and an in-depth understanding of the differences between Islamic banking and conventional banking systems, this timely book examines Islamic economic capital from a variety of perspectives. It offers insight into the wider geographical context of Islamic banking beyond the Middle East and Southeast Asia, exploring other emerging economies.Abdul Ghafar Ismail and Muhamed Zulkhibri look at how the industry has rapidly evolved by developing different types of Islamic financial products, catering for a wide range of economic sub-sectors including international trade, housing, infrastructure and energy, and agriculture. Offering key insights into the disparity between equity-based Islamic banking and debt-based conventional financing, the books provokes discussion on the avoidance of gharar and the need to cohere with Shari'ah principles.A critical read for finance and Islamic studies scholars, the blend of theoretical and practical aspects of Islamic economic capital discussed will enhance readers' understanding of the topic. This will also be a beneficial read for banking and finance practitioners, especially those working in countries with a dual banking system.

Economic Capital and Risk Management in Islamic Finance

Abdul,Abdul Ghafar Ismail,Muhamed Zulkhibri
Economic Capital and Risk Management in Islamic Finance Book PDF

Author : Abdul,Abdul Ghafar Ismail,Muhamed Zulkhibri
Publisher : Unknown
Page : 0 pages
File Size : 43,9 Mb
Release : 2024
Category : Business & Economics
ISBN : 1003437087

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Economic Capital and Risk Management in Islamic Finance by Abdul,Abdul Ghafar Ismail,Muhamed Zulkhibri Pdf

"Economic capital is the subject of great debate among academics and professionals, within the field of risk management. Conceptually, Islamic finance's encouragement of risk-sharing eliminates the debt burden encountered by the conventional banking sector. The majority of the Islamic banking system is based on equity-based financing. To be effective in practice, a variety of well-functioning institutions are required to translate Islamic banking concepts into a "real-world" financial system. In spite of this, the regulatory, legal, product, and operational requirements specific to Islamic banks may necessitate a distinct strategy for managing capital-related risks. This book provides a comprehensive review of the theoretical and practical aspects of Islamic economic capital in relation to contemporary Islamic finance. Drawing on the risk-sharing concept, this book delves into the core concept of economic capital from an Islamic perspective, including comparisons to conventional finance theory. Furthermore, it introduces alternative models and offers practical examples to strengthen the regulation and supervision of the Islamic banking system. It also addresses critical policy challenges concerning economic capital in Islamic finance, especially in dual banking countries. This book seamlessly integrates new theory with empirical insights and discusses emerging themes, including stress testing and Shari'ah compliance issues. Most of the chapters are illustrated with real-world cases and practical examples. This book is intended for advanced degree students in finance, and investment professionals, as well as financial practitioners and advisors, particularly those who are pursuing Islamic economics and finance courses"--

Risk Management for Islamic Banks

Imam Wahyudi,Fenny Rosmanita,Muhammad Budi Prasetyo,Niken Iwani Surya Putri
Risk Management for Islamic Banks Book PDF

Author : Imam Wahyudi,Fenny Rosmanita,Muhammad Budi Prasetyo,Niken Iwani Surya Putri
Publisher : John Wiley & Sons
Page : 432 pages
File Size : 54,7 Mb
Release : 2015-11-16
Category : Business & Economics
ISBN : 9781118734421

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Risk Management for Islamic Banks by Imam Wahyudi,Fenny Rosmanita,Muhammad Budi Prasetyo,Niken Iwani Surya Putri Pdf

Gain insight into the unique risk management challenges within the Islamic banking system Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East analyzes risk management strategies in Islamic banking, presented from the perspectives of different banking institutions. Using comprehensive global case studies, the book details the risks involving various banking institutions in Indonesia, Malaysia, UAE, Bahrain, Pakistan, and Saudi Arabia, pointing out the different management strategies that arise as a result of Islamic banking practices. Readers gain insight into risk management as a comprehensive system, and a process of interlinked continuous cycles that integrate into every business activity within Islamic banks. The unique processes inherent in Islamic banking bring about complex risks not experienced by traditional banks. From Shariah compliance, to equity participation contracts, to complicated sale contracts, Islamic banks face unique market risks. Risk Management for Islamic Banks covers the creation of an appropriate risk management environment, as well as a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting. The book begins with a discussion of the philosophy of risk management, then delves deeper into the issue with topics like: Risk management as an integrated system The history, framework, and process of risk management in Islamic banking Financing, operational, investment, and market risk Shariah compliance and associated risk The book also discusses the future potential and challenges of Islamic banking, and outlines the risk management pathway. As an examination of the wisdom, knowledge, and ideal practice of Islamic banking, Risk Management for Islamic Banks contains valuable insights for those active in the Islamic market.

Financial Risk Management for Islamic Banking and Finance

I. Akkizidis,S. Khandelwal
Financial Risk Management for Islamic Banking and Finance Book PDF

Author : I. Akkizidis,S. Khandelwal
Publisher : Springer
Page : 220 pages
File Size : 54,9 Mb
Release : 2007-12-04
Category : Business & Economics
ISBN : 9780230598751

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Financial Risk Management for Islamic Banking and Finance by I. Akkizidis,S. Khandelwal Pdf

Financial institutions are increasingly providing Islamic financial contracts in global markets. As a result of this market growth there is a high demand to understand how to assess and manage the risks arising from applying Islamic financial products and services. Credit, operational, market and liquidity risks together with the risk of non compliance with the Shariah law are becoming very hot issues for financial institutions. This book presents a common framework on how to efficiently manage the risks faced.

Mapping the Risks and Risk Management Practices in Islamic Banking

Wael Kamal Eid,Mehmet Asutay
Mapping the Risks and Risk Management Practices in Islamic Banking Book PDF

Author : Wael Kamal Eid,Mehmet Asutay
Publisher : John Wiley & Sons
Page : 500 pages
File Size : 51,9 Mb
Release : 2019-04-29
Category : Business & Economics
ISBN : 9781119077800

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Mapping the Risks and Risk Management Practices in Islamic Banking by Wael Kamal Eid,Mehmet Asutay Pdf

Deep, insightful analysis of controversial risk management issues in Islamic banking Mapping the Risks And Risk Management Practices In Islamic Banking is a comprehensive analysis of the current state of risk management practices within the Islamic banking industry, with recommendations for policy makers, bankers, and industry stakeholders. Going beyond the academic, this book presents the opinions and perceptions of industry financiers and bankers, alongside primary information and data collected by Islamic finance professionals to deconstruct and analyze the sector's current risk management practices. You'll get up to date on the latest attitudes and trends, and delve into the current issues surrounding risk management in Islamic banks. With a focus on practical applications, this authoritative guide discusses the unique risks facing Islamic banks, from the perspective of a wide range of practitioners. Risk management is one of the biggest, most controversial issues in Islamic finance, yet it remains under-researched. Many uncertainties exist for which the answers are still unclear, yet will play a large role in shaping the industry's future. This book digs deep into current ideas and practices to discover what's being done, what needs to be done, and what needs to stop happening to keep the future of Islamic finance strong. Explore both Islamic and traditional attitudes toward risk Examine current Islamic risk management practices Understand the latest industry issues and trends Consider the diverse range of risks unique to the Islamic banking sector Effective risk management in Islamic banking deserves priority attention. Unless the industry develops its own genuine risk management architecture, it cannot achieve its full potential and the viability needed for a more resilient financial system than the debunked Wall Street model. Mapping the Risks and Risk Management Practices in Islamic Banking provides a deep, authoritative analysis of where the industry is today and where it needs to develop.

Risk Analysis for Islamic Banks

Hennie van Greuning,Zamir Iqbal
Risk Analysis for Islamic Banks Book PDF

Author : Hennie van Greuning,Zamir Iqbal
Publisher : World Bank Publications
Page : 336 pages
File Size : 42,6 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780821371428

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Risk Analysis for Islamic Banks by Hennie van Greuning,Zamir Iqbal Pdf

Islamic finance is emerging as a rapidly growing part of the financial sector in the Islamic world and is not restricted to Islamic countries, but is spreading wherever there is a sizable Muslim community. According to some estimates, more than 250 financial institutions in over 45 countries practice some form of Islamic finance, and the industry has been growing at a rate of more than 15 percent annually for the past several years. The market's current annual turnover is estimated to be $70 billion, compared with a mere $5 billion in 1985, and is projected to hit the $100 billion mark by the turn of the century. Since the emergence of Islamic banks in the early 1970s, considerable research has been conducted, mainly focusing on the viability, design and operations of a deposit-accepting financial institution, which operates primarily on the basis of profit and loss partnerships rather than interest. This publication provides a comprehensive overview of topics related to the assessment, analysis, and management of various types of risks in the field of Islamic banking. It is an attempt to provide a high-level framework (aimed at non-specialist executives) attuned to the current realities of changing economies and Islamic financial markets. This approach emphasizes the accountability of key players in the corporate governance process in relation to the management of different dimensions of Islamic financial risk.

Risk Management Implementation and Solutions for Islamic Banking and Finance

Kiran Javaria,Omar Masood
Risk Management Implementation and Solutions for Islamic Banking and Finance Book PDF

Author : Kiran Javaria,Omar Masood
Publisher : Cambridge Scholars Publishing
Page : 104 pages
File Size : 52,7 Mb
Release : 2019-01-18
Category : Reference
ISBN : 9781527526358

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Risk Management Implementation and Solutions for Islamic Banking and Finance by Kiran Javaria,Omar Masood Pdf

Islamic finance is a growing part of the global financial sector. The risks faced by Islamic banks are real, and how well they mitigate them will determine their future. This book answers questions regarding how Islamic Financial Institutions should focus on their risk management practices and the necessary solutions and policy implementation tactics. It also analyses the risk mitigation techniques Islamic institutions are putting to use, looking at different Islamic banks from across the world to investigate their strategies and solutions. Among the topics discussed here are the implementation and outcomes of Basel III, practical enterprise risk management practices, liquidity risk management, and the success story of the global takaful industry.

Islamic Banking

Amr Mohamed El Tiby Ahmed
Islamic Banking Book PDF

Author : Amr Mohamed El Tiby Ahmed
Publisher : John Wiley & Sons
Page : 166 pages
File Size : 49,8 Mb
Release : 2010-11-17
Category : Business & Economics
ISBN : 9780470930113

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Islamic Banking by Amr Mohamed El Tiby Ahmed Pdf

A detailed look at the fast-growing field of Islamic finance and banking The guiding principle of Islamic finance has existed throughout Islamic history, yet modern Islamic banking has been around for a relatively short period of time. Author Amr Mohamed El Tiby is an expert in this field, and with this new book, he reveals how you can benefit from the use of Islamic banking strategies in your financial endeavors. Engaging and accessible, Islamic Banking shows the impact this approach has made on conventional banking since the 1950s, and why it's such a big player in the current market. It offers a unique look at various aspects of this field, including the salient features of Islamic banking that distinguishes it from non-Islamic banking, the development of the regulatory bodies and supervisory agencies that support the Islamic banking system, and much more. It also explores the nature of risk in Islamic banking and the issues of capital adequacy, corporate governance, transparency, and risk associated with Islamic banking. Discusses the history and development of Islamic finance Offers straightforward strategies for implementing Islamic finance into your business activities Sheds light on the effect of the global economic crisis on Islamic banks versus conventional banks Filled with in-depth insights and expert advice, this detailed analysis of Islamic finance will help you gain a firm understanding of how effective this proven approach can be.

Islamic Finance, Risk-Sharing and Macroeconomic Stability

Muhamed Zulkhibri,Turkhan Ali Abdul Manap
Islamic Finance Risk Sharing and Macroeconomic Stability Book PDF

Author : Muhamed Zulkhibri,Turkhan Ali Abdul Manap
Publisher : Springer
Page : 268 pages
File Size : 54,5 Mb
Release : 2019-02-20
Category : Business & Economics
ISBN : 9783030052256

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Islamic Finance, Risk-Sharing and Macroeconomic Stability by Muhamed Zulkhibri,Turkhan Ali Abdul Manap Pdf

The concept of risk-sharing in financial and social contracts is one of the unique features of Islamic finance. Many theoretical studies generally claim superiority of an Islamic financial system based on pure equity and participatory modes of financing, while empirical studies provide mixed results. Studies and discussions are needed to fully understand how Islamic finance could contribute to the ongoing discussion of financial stability. Against this background, this book addresses various aspects of Islamic finance and the risk-sharing mechanism contributions to the overall macroeconomic and financial stability. Undoubtedly, the findings and recommendation from this book should be of great interest not only to future academic researchers in the field of macroeconomic stability and Islamic finance, but also to policy makers and regulators who are keen on drawing lessons from Islamic finance experiences to prevent similar crisis in the future.

Islamic Financial Institutions and Products in the Global Financial System

Vasudevan Sundararajan,Luca Errico
Islamic Financial Institutions and Products in the Global Financial System Book PDF

Author : Vasudevan Sundararajan,Luca Errico
Publisher : International Monetary Fund
Page : 34 pages
File Size : 48,6 Mb
Release : 2002-11
Category : Business & Economics
ISBN : UCSD:31822032177198

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Islamic Financial Institutions and Products in the Global Financial System by Vasudevan Sundararajan,Luca Errico Pdf

The provision and use of financial services and products that conform to Islamic religious principles pose special challenges for the identification, measurement, monitoring, and control of underlying risks. Effective and efficient risk management in Islamic financial institutions has assumed particular importance as they endeavor to cope with the challenges of globalization. This requires the development of not only a more suitable regulatory framework, but also new financial instruments and institutional arrangements to provide an enabling operational environment for Islamic finance. The recent establishment of the Islamic Financial Services Board, facilitated by the IMF, addresses these needs.

Risk Management in Islamic Financial Institutions

Mohamed Ebrahim
Risk Management in Islamic Financial Institutions Book PDF

Author : Mohamed Ebrahim
Publisher : Unknown
Page : 65 pages
File Size : 50,9 Mb
Release : 2014
Category : Electronic
ISBN : OCLC:1308840386

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Risk Management in Islamic Financial Institutions by Mohamed Ebrahim Pdf

Islamic finance (Capital Markets, Banking and Insurance) has emerged from a niche financial market to the mainstream of finance. The geographic market, clientele served, products base and volume of funds have grown significantly. Furthermore, the players have increased and now include not only pure Islamic institutions but also hybrid players (conventional bank with Islamic Finance windows). Therefore, not understanding the unique risks of the Islamic Finance model (risk sharing and risk pooling) can cause a failure of the model igniting a financial crises with a ripple effect on the Islamic faith. Hence, managing these unique risks is extremely important.Purpose / Perceived ValueTo increase the academic knowledge base on Risk Management in Islamic Financial Institutions and hope some useful insights would be obtained which in turn would lead to improvement in risk management practices in Islamic Financial Institutions. This would explore the subject of corporate risk management in the context of Islamic Financial Institutions, which are run on the Islamic legal and economic system, which prohibits Riba (interest), avoids Gharar (uncertainty), avoids Maysir (gambling or excessive speculation).

Governance Risk Management and Financial Product Development in Islamic Financial Institutions

Michael Bock
Governance Risk Management and Financial Product Development in Islamic Financial Institutions Book PDF

Author : Michael Bock
Publisher : GRIN Verlag
Page : 137 pages
File Size : 55,8 Mb
Release : 2010-09
Category : Bank management
ISBN : 9783640712793

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Governance Risk Management and Financial Product Development in Islamic Financial Institutions by Michael Bock Pdf

Master's Thesis from the year 2010 in the subject Business economics - Investment and Finance, grade: 1,7, Maastricht University (School of Business and Economics), course: -, language: English, abstract: 1.1 General Introduction to the Topic Islamic finance is on the march. The underlying logic is simple: All investments and services are consistent with the principles of Islamic law, called Shari'ah, which literally means 'a clear path to be followed and observed' (Hourani, 2004a). This clear path is followed only if profit does not stem from interest (riba), speculation (gharrar) or sectors that are considered sinful according to the Qur'an (haraam), namely everything that involves alcohol, tobacco, entertainment, gambling or pork, just to name a few. The high potential of Islamic finance is clear for three reasons. The first reason relates to the emergence of a new consumer type, as there is increased demand for a Shari'ah-compliant way of investing that stems from increased globalization. The middle class from emerging markets rose from one third to 56 percent between the 1990s and 2006 (The Economist, 2009). Many Muslim countries can be found in the list of emerging markets, such as Egypt, Pakistan and Indonesia. With the Muslim population of the world exceeding 1.5 billion people (about 21 percent of the world population) and due to the fact that it is the fastest growing religion, it becomes clear why the general conditions for Islamic finance are so favourable (Central Intelligence Agency, 2009). The second reason relates to the global trend for sustainable investment; the fact that Islamic finance is an ethical way of investing which does not invest in harmful businesses and instead donates purified gains to charity is becoming more and more attractive among non-Muslim investors as well (Global Finance, 2007). The Shari'ah aspect makes Islamic financial products an alternative to socially responsible investments (Khan, 2009). The last reason is a matter of

Islamic Finance: Instruments and Markets

Bloomsbury Publishing
Islamic Finance Instruments and Markets Book PDF

Author : Bloomsbury Publishing
Publisher : Bloomsbury Publishing
Page : 238 pages
File Size : 50,9 Mb
Release : 2010-11-15
Category : Business & Economics
ISBN : 9781849300391

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Islamic Finance: Instruments and Markets by Bloomsbury Publishing Pdf

Islamic Finance: Instruments and Markets looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law.

Introduction To Islamic Banking And Finance: An Economic Analysis

M Kabir Hassan,Salman Ahmed Shaikh,Selim Kayhan
Introduction To Islamic Banking And Finance An Economic Analysis Book PDF

Author : M Kabir Hassan,Salman Ahmed Shaikh,Selim Kayhan
Publisher : World Scientific
Page : 257 pages
File Size : 54,5 Mb
Release : 2020-08-12
Category : Business & Economics
ISBN : 9789811222702

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Introduction To Islamic Banking And Finance: An Economic Analysis by M Kabir Hassan,Salman Ahmed Shaikh,Selim Kayhan Pdf

This book, Introduction to Islamic Banking and Finance: An Economic Analysis, covers the basic principles of Islamic economics and finance. It discusses both the theory of Islamic economics and finance as well as the applications in the design of instruments of finance as well as Islamic financial institutions. The book enables its readers to gain an understanding of the structures and operations of Islamic banking, Islamic capital market investments, risk management, and taxation for Islamic banking contracts.The book sets forth the following objectives: