Islamic Management Practices In Financial Institutions

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Islamic Management Practices in Financial Institutions

Khaliq Ahmad
Islamic Management Practices in Financial Institutions Book PDF

Author : Khaliq Ahmad
Publisher : Routledge
Page : 154 pages
File Size : 44,6 Mb
Release : 2021-12-30
Category : Business & Economics
ISBN : 9781000520477

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Islamic Management Practices in Financial Institutions by Khaliq Ahmad Pdf

This book draws on a range of theoretical foundations, approaches and management practices that are culturally and jurisdictionally appropriate in several Muslim countries. As such, it contributes to an emerging specialism in comparative management and leadership theory that is oriented toward a broader and more diverse set of perspectives, particularly from the non-Western world, given that the importance of values, ethics, and culture have recently been recognized as a key contributing factor to management knowledge development. The author offers an in-depth overview of the Islamic management strategies that have successfully been implemented in selected Malaysian banking and non-banking financial institutions and then outlines how the application of such strategies leads to increased integrity, efficiency and performance. The book is divided into three parts. The first part deals with the introduction, historical background and methods used in collection of data. The second part consists of a range of real-world case studies, while part three deals with the approaches to be used in the teaching of these cases followed by conclusions and recommendations. These cases studies map the strategic aspects of organizational structure and illustrate the motives that influence Malaysian managers’ choices in seeking specific responses to the situations at hand, which are in harmony with the traditions in Islamic inquiry. As such, management scholars can build a foundation for conceptual and theoretical propositions relevant to Muslim culture and environment that will have practical significance. The book provides a wealth of information and enables researchers not only to identify the determinants of knowledge structure and its context but also the evolution of practice.

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 : 43,7 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.

Management of Islamic Finance

M. Kabir Hassan,Mamunur Rashid
Management of Islamic Finance Book PDF

Author : M. Kabir Hassan,Mamunur Rashid
Publisher : Emerald Group Publishing
Page : 264 pages
File Size : 47,6 Mb
Release : 2018-11-23
Category : Business & Economics
ISBN : 9781787564039

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Management of Islamic Finance by M. Kabir Hassan,Mamunur Rashid Pdf

In this issue, we have presented issues relevant to the most recent debate on the performance, practices, and principles of the Islamic finance industry as a whole, covering eleven distinct issues.

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 : 46,7 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 : 53,9 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.

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 : 45,7 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 Wealth Management

Mohamed Ariff,Shamsher Mohamad
Islamic Wealth Management Book PDF

Author : Mohamed Ariff,Shamsher Mohamad
Publisher : Edward Elgar Publishing
Page : 416 pages
File Size : 45,6 Mb
Release : 2017-12-29
Category : Electronic books
ISBN : 9781786439390

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Islamic Wealth Management by Mohamed Ariff,Shamsher Mohamad Pdf

From an Islamic perspective, although the ownership of wealth is with God, humans are gifted with wealth to manage it with the objective of benefiting the human society. Such guidance means that wealth management is a process involving the accumulation, generation, purification, preservation and distribution of wealth, all to be conducted carefully in permissible ways. This book is the first to lay out a coherent framework on how wealth management should be conducted in compliance with guiding principles from edicts of a major world religion.

Strategic Management in Islamic Finance

Alexander Pock
Strategic Management in Islamic Finance Book PDF

Author : Alexander Pock
Publisher : Springer Science & Business Media
Page : 222 pages
File Size : 47,8 Mb
Release : 2007-12-05
Category : Business & Economics
ISBN : 9783835054066

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Strategic Management in Islamic Finance by Alexander Pock Pdf

Alexander von Pock develops a holistic conceptual framework for identifying and testing key success factors of Islamic financial institutions. The framework integrates insights into the current practices of Islamic finance, a variety of theories – namely the market-based view, the resource-based view, and, to some extent, New Institutional Economics approaches – as well as previous research from the fields of strategic management and economics. The author is testing the theoretical framework empirically in a survey of 36 major Islamic financial institutions based in the Gulf Cooperation Council area and in Malaysia.

An Overview of Islamic Finance

Mr.Mumtaz Hussain,Asghar Shahmoradi,Rima Turk
An Overview of Islamic Finance Book PDF

Author : Mr.Mumtaz Hussain,Asghar Shahmoradi,Rima Turk
Publisher : International Monetary Fund
Page : 35 pages
File Size : 46,9 Mb
Release : 2015-06-02
Category : Business & Economics
ISBN : 9781513590745

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An Overview of Islamic Finance by Mr.Mumtaz Hussain,Asghar Shahmoradi,Rima Turk Pdf

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.

Foundations of Shari'ah Governance of Islamic Banks

Karim Ginena,Azhar Hamid
Foundations of Shari ah Governance of Islamic Banks Book PDF

Author : Karim Ginena,Azhar Hamid
Publisher : John Wiley & Sons
Page : 402 pages
File Size : 54,9 Mb
Release : 2015-04-06
Category : Business & Economics
ISBN : 9781118460771

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Foundations of Shari'ah Governance of Islamic Banks by Karim Ginena,Azhar Hamid Pdf

A practical guide for robust sharī'ah governance of the Islamic banking industry Debate in the market on the extent of sharī'ah compliance of Islamic banks, their products, and activities has piqued stakeholders' interest. In Foundations of Sharī'ah Governance of Islamic Banks, Karim Ginena and Azhar Hamid explore the depths of sharī'ah governance to unravel its mysterious dimensions, and equip academics and practitioners with a solid understanding of the subject, which has become a serious challenge and thus deserves dedicated attention. The authors make a strong case for the need to contain the sharī'ah risk that Islamic banks experience, and present a compelling argument for how this should be done. Ginena and Hamid propose a robust sharī'ah governance model that comprehensively tackles thisrisk, and helps improve the extent of sharī'ah compliance of market players. The authors detail the internal, external, and institutional arrangements needed to promote responsible sharī'ah governance, and critically analyze current laws, regulations, and industry practices on the topic. The chapters of the book do the following: Examine the roots, characteristics and objectives of sharī'ah and its relation to financial dealings; Probe the role of regulators in sharī'ah governance, explore the different approaches adopted by banking supervisors, and provide examples of relevant legal and regulatory measures; Explain to bank directors and management the fiduciary duty they assume with respect to sharī'ah compliance, and detail how they could discharge this responsibility in line with best practices; Elaborate on the purpose of the Sharī'ah Supervisory Board (SSB), its responsibilities, competence criteria, internal regulations, and key governance guidelines; additionally, they explore different SSB models; Describe the internal sharī'ah control system including its six components, and examine the internal sharī'ah audit function as well as different stages of conducting a sharī'ah audit; Clarify the role of a sharī'ah auditor, with guidance on reporting lines, scope of duties, authority, and practical ways on fulfilling tasks, such as a sample sharī'ah risk assessment grid and audit checklists; Discuss the newly emerging external sharī'ah advisory firms that are expected to play a key role in the coming years and the services they provide. Through an effective treatment of each of these elements, and the way that they interact with one another, the book offers a fresh take on how robust sharī'ah governance of Islamic banks can be successfully accomplished. It is a comprehensive resource for academics, regulators, directors, lawyers, auditors, consultants, employees, and customers of Islamic banks interested in learning more about these challenges. This essential reading persuasively extends the discourse on the subject and addresses critical sharī'ah issues that have policy implications for decision makers in jurisdictions aiming to attract the fast-growing Islamic finance industry or increase their market share.

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 : 46,9 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).

Islamic Finance

Hans Visser
Islamic Finance Book PDF

Author : Hans Visser
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 55,6 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781786433503

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Islamic Finance by Hans Visser Pdf

In this extensively updated third edition, Hans Visser explores the ideas and concepts that drive and shape Islamic finance. This incisive book reviews the products, institutions and markets offered by Islamic finance in the modern marketplace, offering a critical discussion of the ways in which fiscal and monetary policy can be adapted to Islamic financial institutions. Visser offers new directions for economics and finance students, as well as students of Islamic finance and Islam studies more broadly.

Islamic Banking and Finance

Mondher Bellalah,Omar Masood
Islamic Banking and Finance Book PDF

Author : Mondher Bellalah,Omar Masood
Publisher : Cambridge Scholars Publishing
Page : 295 pages
File Size : 53,6 Mb
Release : 2013-07-16
Category : Business & Economics
ISBN : 9781443849999

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Islamic Banking and Finance by Mondher Bellalah,Omar Masood Pdf

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.

Financial Innovation and Engineering in Islamic Finance

Samir Alamad
Financial Innovation and Engineering in Islamic Finance Book PDF

Author : Samir Alamad
Publisher : Springer
Page : 225 pages
File Size : 49,5 Mb
Release : 2017-04-13
Category : Business & Economics
ISBN : 9783319529479

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Financial Innovation and Engineering in Islamic Finance by Samir Alamad Pdf

This book provides two important contributions to existing theories in the financial innovation literature. First, it extends the existing literature of innovation orientation to a completely new field and construct that is based on a religious imperative as a framework within which financial innovation is constrained. It explains how an innovation orientation in IFIs can be directed within religious rules, which indicates that innovation orientation in IFIs is a learning philosophy. Second, the book introduces and examines the plasticity of Shariah as a shared boundary object and its dynamic role in managing tension and conflicting values in the financial innovation process. Furthermore, building on the empirical results, the study illustrates the insights that each theoretical lens affords into practices of collaboration and develops a novel analytical framework for understanding religious orientation towards financial innovation. This practical contribution, of the developed framework, could form the basis for a standardised framework for the Islamic finance industry. The book concludes by noting the policy and managerial implications of its findings and provides directions for further research.

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 : 44,9 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.