An Overview of Islamic Finance

An Overview of Islamic Finance
Author: Mr.Mumtaz Hussain
Publisher: International Monetary Fund
Total Pages: 35
Release: 2015-06-02
Genre: Business & Economics
ISBN: 1513565621

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.

The Developing Role of Islamic Banking and Finance

The Developing Role of Islamic Banking and Finance
Author: Fouad H. Beseiso
Publisher: Emerald Group Publishing
Total Pages: 227
Release: 2014-07-10
Genre: Business & Economics
ISBN: 1783508183

This volume highlights a vital developmental stage of Islamic Banking and Finance, focusing on regulatory aspects, regional case studies and International Financial Crisis impacts. It aims to help decision makers identify key factors for the real, sustained development of the Islamic Banking System, nationally, regionally and internationally.

Perspectives on Power

Perspectives on Power
Author: Jernej Letnar Černič
Publisher: Cambridge Scholars Publishing
Total Pages: 420
Release: 2010-01-08
Genre: History
ISBN: 1443818895

Although ‘power’ can appear a vague term, the dichotomy between haves and have-nots, the desire to gain autonomy, and the dire consequences of subjugation, are three issues that resound across the arts and social sciences. In this book, postgraduate students from the constituent disciplines use the freedom of their positions as early-career researchers to boldly explore power relations. From a legal perspective, papers are included geared towards human rights issues and violations. Further, the applied perspectives from business and education researchers consider how access to wealth and education, and to equal education, can and must be achieved. Then, interpreted through the perspectives of anthropological, sociological, and historical approaches, power has become a resonant issue among the creations of culture and human interaction(s). Finally, within the ‘soft’ sciences, the very same preoccupations, as they appear in creative expression, are examined within literature and music. Indeed, through the twenty-one articles chosen for inclusion in this collection, distinct in their disciplinary origins, approaches and foci, together the authors are emphasising the many similarities that exist among the arts and social sciences subjects. ‘Perspectives on Power: An Interdisciplinary Approach’ was conceived as a result of the quality and reception of papers presented at the 2008 Moving Forward Postgraduate Conference, held at the University of Aberdeen. The volume comprises twenty-one articles on the theme of ‘power’, carefully chosen by the editorial team from in excess of eighty presentations. These represent and tender a wide range of scholarly approaches to and within the arts and social sciences; the remit of Moving Forward. The collection is aimed at scholars and scholarly institutions within the United Kingdom in particular, but contains contributions from scholars across the globe. The collection should especially appeal to and inspire delegates visiting the Moving Forward Postgraduate Conference in the years to come.

Risk Management in Islamic Finance

Risk Management in Islamic Finance
Author: Muhammad Al-Bashir
Publisher: BRILL
Total Pages: 361
Release: 2008
Genre: Religion
ISBN: 9004152466

This study addresses derivatives instruments in Islamic finance. It highlights the benefits of these instruments, their legal aspects and the appropriate alternatives. The forward, futures and options contracts in commodity markets are discussed and the arguments in favour of and against these instruments examined. The forward contracts issue includes the possibility of trading gold in forward basis, the forward market for currencies and the possible alternative to manage related risks. With the examination of futures contracts, the main arguments against such a contract are addressed, for example the sale prior to taking possession and the sale of debt hedging and speculation. The study proposes "khiyar al-shart" and "bay al-arbun" as tools of risk management and alternatives to options. The sale of pure rights is at the center of the admissibility of options in Islamic law and is investigated comprehensively.

On Islamic Banking, Performance and Financial Innovations

On Islamic Banking, Performance and Financial Innovations
Author: Mondher Bellalah
Publisher: Cambridge Scholars Publishing
Total Pages: 259
Release: 2014-10-16
Genre: Juvenile Nonfiction
ISBN: 1443869430

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.

Islamic Finance

Islamic Finance
Author: Mr.Alfred Kammer
Publisher: International Monetary Fund
Total Pages: 38
Release: 2015-04-06
Genre: Business & Economics
ISBN: 1498325033

The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential contributions in terms of financial inclusion, support for small- and medium-sized enterprises and investment in public infrastructure and, in principle, reduced systemic risk. It then covers a range of regulatory and other challenges, and offers policy advice, to address factors that hamper the development of the industry and, more generally, the delivery of its potential benefits. The paper covers regulatory and supervisory issues, safety nets and resolution frameworks, access to finance, Sukuk markets, and macroeconomic policies.

Risk Analysis for Islamic Banks

Risk Analysis for Islamic Banks
Author: Hennie van Greuning
Publisher: World Bank Publications
Total Pages: 336
Release: 2008
Genre: Business & Economics
ISBN: 0821371428

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.

Islamic Fintech

Islamic Fintech
Author: Sara Sánchez Fernández
Publisher: Routledge
Total Pages: 132
Release: 2021-03-29
Genre: Business & Economics
ISBN: 1000367789

The implementation of new technologies is expected to boost the development of Islamic Finance by increasing accessibility to banking and other financial services in Islamic communities and democratizing access to investment opportunities. At the same time, new technologies will increase financing opportunities and facilitate asset management for Sharia-compliant businesses. This collection of essays from selected experts in the field comprise some of the most topical issues on Islamic Fintech, combining a business focus with legal insights. The book takes as a point of departure the role that Islamic Fintech can play in promoting sustainability. The social vision of welfare improvement and justice is already embedded in Sharia’s economic rules, which makes Islamic Finance particularly well suited to bridge the gap between sustainability and funding. Although it is not without challenges for the industry, technology will help unleash its potential. With a holistic approach to Islamic Fintech, the contributing authors address the application of new technologies to Islamic Finance, including robo-advisory, crowdfunding and digital ledger technology (both in the issuance of bitcoin and the registration of securities in tokenized form) and in certain sectors such as takaful (takaful-tech) and health (e-health). Finally, they explore the challenges posed by anti-money laundering (‘AML’) in the specific realm of Islamic Fintech. The book combines theoretical analysis with a practical focus, both through case studies and directly through the experiences of leading entrepreneurs. In addition, it provides insights on legal and regulatory aspects, which are key in a field that is still in its infancy and needs support from lawmakers and regulators. It is, thus, a reference for academics, legal practitioners, policymakers, entrepreneurs and the Islamic Finance community.

Social Impact Finance

Social Impact Finance
Author: Cristina Trullols
Publisher: Springer
Total Pages: 149
Release: 2014-06-18
Genre: Business & Economics
ISBN: 1137372699

As a result of the recent financial crisis, new ways of doing finance have developed, creating alternatives to the regular financial system. This book explores non-conventional banking and financing mechanisms in detail, with case studies and examples in which these alternative methods have succeeded.