Risk and Regulation of Islamic Banking (Foundations of Islamic Finance series) - Hardcover

Hardcover

ISBN 10: 1783476125 ISBN 13: 9781783476121

Publisher: Edward Elgar Publishing Ltd, 2014

Synopsis

From a single product offering in 1963, the Islamic financial services industry has grown to an estimated $1.6 trillion in assets. Products must comply with profit and risk-sharing criteria and regulations preventing banks from venturing into activities with high risk and excessive uncertainty. This timely volume analyses these matters and considers the range of new products, discussing both conceptual and practical dimensions.

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 products and their risk elements, how the system differs from conventional banking in theory and practice, and how Islamic financial institutions are rated and regulated. It also connects Islamic finance to the mainstream theoretical literature on financial intermediation whilst exploring its differences.

Offering a detailed examination of the risk and regulation of Islamic banking products, this unique volume will be of great interest to Islamic and Western universities with courses in Islamic studies and finance. Islamic research centers and training institutes, central banks and Islamic regulatory agencies will also find this a valuable resource.

Contributors: M. Ariff, M.A.M. Ayob, O.I. Bacha, Z. Hassan, M. Iqbal, A. Kaleem, M.A Laldin, Y.K.Leng, M.K.Lewis, A. Mirakhor, S. Mohamad, M.Z. Othman, S.P. Parashar, V. Promwichit, M. Safari, M.T. Skully, R. Zaman

About this title

About the Author

Edited by Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia, Mohamed Ariff, Chair of Economics and Finance, Sunway University and Shamsher Mohamad, Professor of Finance, International Centre for Education in Islamic Finance, Malaysia

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2014
• Language: English
• ISBN 10: 1783476125
• ISBN 13: 9781783476121
• Binding: Hardcover
• Number of pages: 336
• Editor: Lewis Mervyn K., Ariff Mohamed, Mohamad Shamsher