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Islamic Banking and Financial Crisis Reputation, Stability and Risks

Ahmed Habib Asutay Mehmet Wilson Rodney
Innbundet / 2013 / Engelsk

Produktdetaljer

ISBN
9780748647613
Publisert
2013-11-16
Utgiver
Edinburgh University Press
Høyde
234 mm
Bredde
156 mm
Aldersnivå
UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet

Redaktør
Ahmed Habib
Asutay Mehmet
Wilson Rodney

Biografisk notat

Habib Ahmed is the ‘Sharjah Chair in Islamic Law and Finance’ at Durham University. Prior to joining Durham University in August 2008, he worked at the National Commercial Bank and Islamic Development Bank (IRTI) in Saudi Arabia and taught at the University of Connecticut, National University of Singapore, and University of Bahrain. Mehmet Asutay is Reader in ‘Middle Eastern and Islamic Political Economy and Finance’ at the School of Government and International Affairs, Durham University, and he is also the Director of the Durham Doctoral Training Session for Islamic Economics and Finance. He mainly teaches and researches Islamic Political Economy and Islamic Finance subjects; and supervises masters and doctoral research on various aspects of Islamic moral economy and finance; political economy of the Middle East; and economic development related subjects. Professor Wilson was the founder of the Islamic finance programme at Durham University in the United Kingdom where he continues to be an Emeritus Professor. He was a Visiting Professor at the Qatar Faculty of Islamic Studies in from 2009 untill 2012 and since 2013 has been an Emeritus Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur. Professor Wilson was awarded the IDB prize in Islamic banking in 2014 in recognition of his academic work on the subject.

Islamic Banking and Financial Crisis Reputation, Stability and Risks

Ahmed Habib Asutay Mehmet Wilson Rodney
Innbundet / 2013 / Engelsk
Ahmed Habib Asutay Mehmet Wilson Rodney
Innbundet / 2013 / Engelsk
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‘This book furthers the literature comparing Islamic and conventional banking during and after the most recent crisis. However, it also moves beyond that explicitly comparative method. Although there are a host of similarities between Islamic banking and its conventional counterpart, there are also differences without which the claim to being distinctive and distinctively Islamic would fall away. As a result the chapters in this collected volume comprise original innovation thereby advancing the existing literature.’

- Scott Morrison, Akita University, Journal of Islamic Studies

I highly recommend this compelling book to any newcomer to Islamic finance, as a primer on the subject, as well as to experts.

Mahmoud Mohieldin, The World Bank's President Special Envoy

Examines the resilience of Islamic banking during the global financial crisis and lessons for risk management. Do Islamic financial institutions perform better than their conventional counterparts during periods of financial stress? To what extent do systems for managing risk have to be adapted for Islamic financial institutions, given the unique characteristics of their assets and liabilities and the need for shari’ah compliance? These issues have come to prominence since the global financial crisis of 2007-8 and the subsequent recession, and are addressed in this book. The challenges for Islamic financial institutions are explored in an international post Basel II system where banks are required to have more capital and liquidity. Governance issues are also examined, given their influence on client and investor perceptions and their ultimate implications for institutional stability and sustainability. Offers an in-depth assessment of how Islamic banks weathered the financial crisis and what lessons can be learnt. Asks whether Islamic banks are inherently more stable than conventional banks during periods of economic stress. Examines how Islamic banks manage risk, focusing on liquidity risk and the use of forward contracts to mitigate currency risk. Appraises the work of internal shari’ah audit units and the use of shari’ah reports to reduce non-compliance risks. Features case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries.
Les mer
Examines the resilience of Islamic banking during the financial crisis, comparing it to its Western counterpart, and draws lessons for future risk management and Shari'ah compliance. With case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries
Les mer
List of Figures; List of Tables; List of Contributors; 1 Reflecting on Islamic Banking and Financial Crisis: Risks, Reputation and Stability, Habib Ahmed, Mehmet Asutay and Rodney Wilson; 2 Reshaping the Islamic Finance Industry: Applying the Lessons Learnt from the Global Financial Crisis, Rafe Haneef and Edib Smolo; 3 Assessing the Resilience of Islamic Banks: An Empirical Analysis, Rania Abdelfattah and Ahmed Badreldin; 4 Stability of Islamic Banks: A Comparison of Conventional and Islamic Banks, Matthias Verbeet;5 Islamic Banks’ Financing Behaviour: A Pilot Study, Mohd Afandi Abu Bakar, Hjh Radiah Abdul Kader and Roza Hazli Zakaria; 6 Risk Management Practices of Islamic Banks: International Evidence, Romzie Rosman and Abdul Rahim Abdul Rahman; 7 Liquidity Risk Evidence Management and Financial Performance of Islamic Banks: Empirical Evidence, Noraini Mohd Ariffin and Salina Hj. Kassim; 8 Risk Management and Islamic Forward Contracts, Sherin Kunhibava; 9 Enhancing Governance, Accountability and Transparency in Islamic Financial Institutions: An Examination into Sharīʿah Internal Control Audit, Zurina Shafii and Supiah Salleh; 10 Sharīʿah Report: A Potential Tool for Sharīʿah Non-compliant Risk Management, Abdou Diaw and Irawan Febianto; 11 A Survey of Sharīʿah Governance in Islamic Financial Institutions in Malaysia, GCC Countries, and the UK, Zulkifli Hasan;12 Towards Genuine Sharīʿah Products with Lessons of the Financial Crisis, Abdulazeem Abozaid; Index
Les mer
Assesses how Islamic banks weathered the financial crisis and what lessons can be learnt

Relaterte produkter

‘This book furthers the literature comparing Islamic and conventional banking during and after the most recent crisis. However, it also moves beyond that explicitly comparative method. Although there are a host of similarities between Islamic banking and its conventional counterpart, there are also differences without which the claim to being distinctive and distinctively Islamic would fall away. As a result the chapters in this collected volume comprise original innovation thereby advancing the existing literature.’

- Scott Morrison, Akita University, Journal of Islamic Studies

I highly recommend this compelling book to any newcomer to Islamic finance, as a primer on the subject, as well as to experts.

Mahmoud Mohieldin, The World Bank's President Special Envoy

Examines the resilience of Islamic banking during the global financial crisis and lessons for risk management. Do Islamic financial institutions perform better than their conventional counterparts during periods of financial stress? To what extent do systems for managing risk have to be adapted for Islamic financial institutions, given the unique characteristics of their assets and liabilities and the need for shari’ah compliance? These issues have come to prominence since the global financial crisis of 2007-8 and the subsequent recession, and are addressed in this book. The challenges for Islamic financial institutions are explored in an international post Basel II system where banks are required to have more capital and liquidity. Governance issues are also examined, given their influence on client and investor perceptions and their ultimate implications for institutional stability and sustainability. Offers an in-depth assessment of how Islamic banks weathered the financial crisis and what lessons can be learnt. Asks whether Islamic banks are inherently more stable than conventional banks during periods of economic stress. Examines how Islamic banks manage risk, focusing on liquidity risk and the use of forward contracts to mitigate currency risk. Appraises the work of internal shari’ah audit units and the use of shari’ah reports to reduce non-compliance risks. Features case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries.
Les mer
Examines the resilience of Islamic banking during the financial crisis, comparing it to its Western counterpart, and draws lessons for future risk management and Shari'ah compliance. With case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries
Les mer
List of Figures; List of Tables; List of Contributors; 1 Reflecting on Islamic Banking and Financial Crisis: Risks, Reputation and Stability, Habib Ahmed, Mehmet Asutay and Rodney Wilson; 2 Reshaping the Islamic Finance Industry: Applying the Lessons Learnt from the Global Financial Crisis, Rafe Haneef and Edib Smolo; 3 Assessing the Resilience of Islamic Banks: An Empirical Analysis, Rania Abdelfattah and Ahmed Badreldin; 4 Stability of Islamic Banks: A Comparison of Conventional and Islamic Banks, Matthias Verbeet;5 Islamic Banks’ Financing Behaviour: A Pilot Study, Mohd Afandi Abu Bakar, Hjh Radiah Abdul Kader and Roza Hazli Zakaria; 6 Risk Management Practices of Islamic Banks: International Evidence, Romzie Rosman and Abdul Rahim Abdul Rahman; 7 Liquidity Risk Evidence Management and Financial Performance of Islamic Banks: Empirical Evidence, Noraini Mohd Ariffin and Salina Hj. Kassim; 8 Risk Management and Islamic Forward Contracts, Sherin Kunhibava; 9 Enhancing Governance, Accountability and Transparency in Islamic Financial Institutions: An Examination into Sharīʿah Internal Control Audit, Zurina Shafii and Supiah Salleh; 10 Sharīʿah Report: A Potential Tool for Sharīʿah Non-compliant Risk Management, Abdou Diaw and Irawan Febianto; 11 A Survey of Sharīʿah Governance in Islamic Financial Institutions in Malaysia, GCC Countries, and the UK, Zulkifli Hasan;12 Towards Genuine Sharīʿah Products with Lessons of the Financial Crisis, Abdulazeem Abozaid; Index
Les mer
Assesses how Islamic banks weathered the financial crisis and what lessons can be learnt

Produktdetaljer

ISBN
9780748647613
Publisert
2013-11-16
Utgiver
Edinburgh University Press
Høyde
234 mm
Bredde
156 mm
Aldersnivå
UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet

Redaktør
Ahmed Habib
Asutay Mehmet
Wilson Rodney

Biografisk notat

Habib Ahmed is the ‘Sharjah Chair in Islamic Law and Finance’ at Durham University. Prior to joining Durham University in August 2008, he worked at the National Commercial Bank and Islamic Development Bank (IRTI) in Saudi Arabia and taught at the University of Connecticut, National University of Singapore, and University of Bahrain. Mehmet Asutay is Reader in ‘Middle Eastern and Islamic Political Economy and Finance’ at the School of Government and International Affairs, Durham University, and he is also the Director of the Durham Doctoral Training Session for Islamic Economics and Finance. He mainly teaches and researches Islamic Political Economy and Islamic Finance subjects; and supervises masters and doctoral research on various aspects of Islamic moral economy and finance; political economy of the Middle East; and economic development related subjects. Professor Wilson was the founder of the Islamic finance programme at Durham University in the United Kingdom where he continues to be an Emeritus Professor. He was a Visiting Professor at the Qatar Faculty of Islamic Studies in from 2009 untill 2012 and since 2013 has been an Emeritus Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur. Professor Wilson was awarded the IDB prize in Islamic banking in 2014 in recognition of his academic work on the subject.

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