Risk Management For Islamic Banks

Author by : Imam Wahyudi
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 98
Total Download : 886
File Size : 44,6 Mb
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Description : 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

Author by : I. Akkizidis
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 57
Total Download : 631
File Size : 53,9 Mb
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Description : 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 Analysis For Islamic Banks

Author by : Hennie van Greuning
Languange : en
Publisher by : World Bank Publications
Format Available : PDF, ePub, Mobi
Total Read : 83
Total Download : 273
File Size : 53,8 Mb
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Description : 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.


Credit Risk Management In Islamic Banks

Author by : Nicolas Jacques Baumgartner
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 65
Total Download : 130
File Size : 53,8 Mb
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Description : Credit Risk Management in Islamic Banks is one of the biggest issues facing Western regulators. The precepts of Islamic finance and its profit-and-loss sharing principle mean that depositors effectively bear credit (and market) risk(s). This is hardly compatible with the current legislation and Basel II. Indeed, Islamic Banks, unlike their conventional counterparts are effectively a mixture of a bank and an investment fund. This thesis analyses credit risk in the different contracts of Islamic Finance. Also the different structures Islamic Banks can have are scrutinised in order to understand how they differ from conventional ones. Existing regulation is then critically examined in order to create alternatives to the current legal framework. This thesis makes a strong case to encourage Swiss regulators to initiate the necessary changes to attract Islamic Banks in Switzerland, since Islamic Private Banking has much potential and the Swiss banking sector could only benefit from it.


Mapping The Risks And Risk Management Practices In Islamic Banking

Author by : Wael Kamal Eid
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 67
Total Download : 802
File Size : 53,5 Mb
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Description : 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.


Credit Risk Management In Islamic Banks

Author by : Nicolas Jacques Baumgartner
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 10
Total Download : 894
File Size : 50,8 Mb
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Description : Understanding credit risk in Islamic Banking will be key to facilitating the assimilation of Shariah- compliant institutions in Switzerland. Increasing demand from Muslim HNWIs and UHNWIs for alternatives to conventional private banking is likely to challenge regulators, as the current legal framework is not adapted to Islamic Banks. While most instruments used in Islamic Banking are different in form from standard financial contracts, these are already fully regulated. The main challenge however lies in applying capital adequacy requirements to Islamic Banks. This book explains how Swiss banking regulation will need to be adapted in order to allow Islamic Banks to follow Islamic economic precepts in their approach to Credit Risk Management.


Risk Management For Islamic Banks

Author by : Rania Abdelfattah Salem
Languange : en
Publisher by : Edinburgh University Press
Format Available : PDF, ePub, Mobi
Total Read : 83
Total Download : 501
File Size : 45,8 Mb
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Description : This guide provides an integrated, structured process for managing risks in Islamic banks. It includes risk identification, measurement and mitigation, and compares risk management in conventional and Islamic banks.


Credit Risk Management Practices And Their Determinants

Author by : Yono Haryono
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 49
Total Download : 854
File Size : 43,7 Mb
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Description : Credit risk is deemed to be the leading source of problems in banking institutions. This thesis aims to analyze the management of credit risk in the Indonesian Islamic banking industry, particularly to evaluate the practices of credit risk management of Islamic banks and to compare the factors differentiating credit risk management practices between Islamic banks and conventional banks. In addition, the study aims to determine the key factors affecting credit risk in Islamic banks for the period of 2004 to 2012 and to examine the relationship between credit risk and financing structure. The study applies both quantitative and qualitative methods to handle different aspects of the research objectives and to gather all relevant information on credit risk management and to construct the main output of the study. This study utilizes three statistical analyses and econometric models, which are a dynamic panel data analysis, Ordinary Least Square (OLS) regression analysis, logistic regression coupled with a questionnaire survey and a qualitative interview technique to evaluate empirical evidence regarding credit risk management practices of Islamic banks operating in Indonesia. The overall summary of results shows that while most of the results are in line with the expectations, others are not in line with the underlying theories, which are life-cycle theory of consumption and agency theory. The findings show that the key factors affecting credit risk in Indonesian Islamic banks are real GDP growth, financing growth, bank size, profitability, cost efficiency and ownership concentration. However, the results also indicate that three explanatory variables which include unemployment rate, bank’s capital and diversification do not support their respective hypotheses since the coefficients of these variables are in the opposite direction as expected by the theory. Furthermore, with regard to credit risk management practices (CRMP), the results show that there is a general understanding of CRMP throughout the Islamic banking system in Indonesia, and all the aspects of credit risk management have a positive relationship with CRMP. By providing the empirical evidence on the factors affecting credit risk in Indonesian Islamic banks, it is hoped that this study could enhance greater understanding of credit risk management framework. Furthermore, it is hoped that the findings could create awareness to the Islamic banks regarding factors affecting credit risk in Islamic banks so that they can properly manage credit risks. In addition, the finding from the study would be useful to the policymakers and regulators in making informed decisions and formulating policies that will indeed contribute to the bottom-line of the banks and indirectly help to prevent systemic risk.


Risk Management A Comparative Study Of Regulations And Practices In One Conventional And One Islamic Bank In Pakistan

Author by : Muhammad Asadullah Bilal
Languange : en
Publisher by : GRIN Verlag
Format Available : PDF, ePub, Mobi
Total Read : 17
Total Download : 857
File Size : 51,5 Mb
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Description : Master's Thesis from the year 2018 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: B, , language: English, abstract: The purpose of this research study is to figure out the differences in rules/regulations and practices regarding risk management in Islamic and conventional banks in Pakistan. Keeping in view the research questions, the nature of this research is a qualitative case study. The findings of the study reveal that there exists a substantial difference between Islamic and conventional banks in risk management practices, risk identification, liquidity risk analysis and risk governance. Islamic bank is performing competently in liquidity risk analysis, whereas, conventional bank is competent in risk management practice, risk identification, and risk governance. The risk management, risk monitoring and reporting, and liquidity risk analysis are weak in Islamic banks. Whereas, risk analysis and assessment are weak in conventional banks. Due to lack of risk management training and limited knowledge of risk management practices, understanding of risk management practices is weak in Islamic bank. The study also reveals that in terms of rules and regulations, there is no proper institutionalisation of Islamic institutions regarding risk management as compared to conventional banking where the risk management practices are institutionalised by Basel Committee on Banking Supervision.


Banking Governance Performance And Risk Taking

Author by : Faten Ben Bouheni
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 84
Total Download : 930
File Size : 44,8 Mb
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Description : Development of emerging countries is often enabled through non-conventional finance. Indeed, the prohibition of interest and some other impediments require understanding conventional finance and Islamic finance, which both seek to be ethical and socially responsible. Thus, comparing and understanding the features of Islamic banking and conventional banking, in a globalized economy, is fundamental. This book explains the features of both conventional and Islamic banking within the current international context. It also provides a comparative view of banking governance, performance and risk-taking of both finance systems. It will be of particular use to practitioners and researchers, as well as to organizations and companies who are interested in conventional and Islamic banking.


Handbook Of Islamic Banking

Author by : Kabir Hassan
Languange : en
Publisher by : Edward Elgar Publishing
Format Available : PDF, ePub, Mobi
Total Read : 77
Total Download : 314
File Size : 41,9 Mb
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Description : The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience. Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization. M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.


Islamic Banking

Author by : Amr Mohamed El Tiby Ahmed
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 59
Total Download : 350
File Size : 44,5 Mb
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Description : 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 Banking In Practice Volume 2

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 32
Total Download : 201
File Size : 44,9 Mb
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Description : This is how Islamic Banking really works ​ In a sector where publications focus on theory, the Islamic Banking in Practice series concentrates solely on market practice. ​ The evolution of principles into practice is explained clearly and concisely. Sukuk ​ Sukuks, sometimes referred to as the Islamic version of bonds, are one the most visible products in islamic banking and finance, and with a global reach. ​ This volume will explain why Sukuks were created, and how they work. The different structures of Sukuk will be explained, and reinforced through detailed analysis of market transactions. ​ Areas covered include Issuance process Pricing Asset injection Risk management Shariah compliance Chapter headings include Common Sukuk structures Ijara, Musharakah, Mudarabah, Wakala, Murabaha Project finance Perpetual Equity linked / Exchangeable Hybrid Shariah compliance AAOIFI developments Credit rating Defaults The issue of a "True Sale"


The Growth Of Islamic Banking In Indonesia

Author by : Yasushi Suzuki
Languange : en
Publisher by : Routledge
Format Available : PDF, ePub, Mobi
Total Read : 54
Total Download : 149
File Size : 51,5 Mb
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Description : Indonesia is the most populous Muslim country in the world. Taking into account also its endowment and potential economic resources, the Islamic banking industry in Indonesia was expected to take on an important role in facilitating more financial resources and to contribute to the internationalization of the Islamic mode of financing particularly in the Asia-Pacific region. However, the reality is far from the expectation. This book aims to clarify the causes and fundamental constraints leading to the extraordinarily low level of Indonesia’s Islamic financial deepening. The authors draw on the traditions of Institutional Economics which are concerned with the rules or mechanisms of creating the 'incentive' and 'threat' for economic players because the rules (institutions) would matter as the determinant for economic development and economic efficiency. This book offers a fairly new analytical lens by hypothesizing that Islamic banks must earn additional profit– the authors coined as ‘Islamic bank rent’ - to maintain their franchise value as prudent Shari’ah-compliant lenders when compared to conventional banks. The authors argued that insufficient provision of the Islamic bank rent opportunity may have caused the Indonesia’s Islamic banks the opportunity to learn and improve their skill and capacity for the credit risk management. The book also offers evidence in support of implementing economic and affirmative policy necessary for incubating and developing the Islamic banking industry in Indonesia and making Indonesia an international Islamic financial hub in the Asia-Pacific region. This book will be a useful resource for policy makers and researchers interested in Islamic banking in Indonesia.


Risk Management Under Shariah Law Products Techniques And Competitiveness

Author by : Baraa Al Bitar
Languange : en
Publisher by : Anchor Academic Publishing (aap_verlag)
Format Available : PDF, ePub, Mobi
Total Read : 43
Total Download : 173
File Size : 48,8 Mb
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Description : This research provides insights on the competitiveness of the Islamic financial industry in relation to conventional finance in the future term by investigating the development and standardization of Islamic finance risk management products and techniques. Additionally, it examines whether Shariah law impedes the innovation and standardization of these products and techniques. The investigation of the topic is carried out on the basis of a descriptive analysis of topic-related literature and internet publications. Furthermore, it is supported by analytical facts and figures from recent studies and financial reports. At the end, the research concludes that the classical Islamic scholars, and not Shariah law, impede the innovation and standardization of Shariah-compliant risk management products and techniques. Despite that issue, the Islamic financial industry with its risk management products and techniques is already competing with conventional finance in the international market as it starts at the point where conventional finance is trying to reach: zero interest rates to stimulate the economies and pure risk management products and techniques, which are not used for speculation


Liquidity And Liquidity Risk Management In Islamic Banks

Author by : Sekoni Abiola Muttalib
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 79
Total Download : 445
File Size : 42,6 Mb
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Description : The major business of the banks is maturity transformation of funds through mobilization of deposits which are repayable on short notice demand and use the deposits to provide longer period financing or credit facilities to the borrowers. Inability of the banks to match depositors' demand for withdrawal with realization of longer-term assets exposes banks to liquidity risk. Thus, liquidity management becomes a critical issue/area that calls for attention and prudential supervision by the banking regulators. Past and recent failure episodes of many conventional banks, various financial crises experienced by few Islamic banks in the recent past, and current global financial crisis are testimonies to the fact that liquidity risk (shortages) is a direct consequence of ineffective and inefficient liquidity management. In a nutshell, liquidity risk is a critical issue which is detrimental to the health of financial system and harmful to the real economy. Though, given the perception of the worldwide ongoing rapid growth of the Islamic financial industry, the assumption is that Islamic financial system enjoys surplus liquidity. Hence, it is not vulnerable to this problem. However, the recent failure and closure of some Islamic banks spurred by financial crisis is a sufficient proof that there is a need for sound financial stability and efficient liquidity management which requires urgent attention and redress in order to protect the reputation of the nascent Islamic banking industry. Therefore, this study through the participation of practitioners in some full fledged Islamic banks, subsidiaries and Islamic windows and experts in Islamic banking and finance intends to investigate the causes of the liquidity problems in Islamic Banks in spite of the claimed excess liquidity, patronage and continuous growth being enjoyed by Islamic financial institutions, and determine how effective and efficient liquidity management can be achieved. The study employed quantitative data analysis using statistical tools such as SPSS 16.0 and AMOS 16.0 and statistical techniques like Descriptive Statistic, Factor Analysis and Structural Equation Modeling (SEM). The findings revealed the impacts of regulation and supervision, Islamic financial instruments; Islamic corporate governance and Islamic financial ethics towards ensuring sound liquidity risk management in Islamic banks and also identified strategies for enhancing Islamic banking liquidity risk management. The Structural Equation Modeling produced a model fit for the Islamic banking liquidity risk management framework which confirmed the relationship between liquidity risk management and its hypothesized predictors.


Asset Liability Management

Author by : Siti Sufiya binti Shuib
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 45
Total Download : 951
File Size : 53,9 Mb
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Description : This research evaluates the asset liability management of both conventional banks and Islamic banks in Malaysia, pre and post global financial crisis 2007/2008. This research is motivated by the fact that conventional banking system and Islamic banking system are operating on different frameworks and fundamentals. The purpose of this research study is to examine whether there are any significant differences between the Islamic banks in Malaysia and its conventional counterparts in terms of asset liability management. It is investigated from three aspects, which are interest (profit) rate risk management, credit risk management and liquidity risk management, before and after the global crisis. This research applies a descriptive method of data analysis as well as parametric and non-parametric tests, i.e. independent samples t-test and Mann Whitney U-test. The findings of this research suggest that there does not seem to be any significant differences between the conventional banks and the Islamic banks in terms of interest (profit) rate risk management (Net Interest Margin, Net Interest Income), credit risk management (Equity to Total Assets, Equity to Net Loans) and liquidity risk management (Liquidity Ratio, Net Loans to Total Assets Ratio). Limitation of this research is that the research focused on Malaysian data and to what extend Islamic banking systems is shariah compliant or not is not examined. The outcome of this research may highlight the risk that needs more significant attention in order to reduce the likelihood of exposures to the Islamic banks. Besides that, it may also highlight the need to implement new policy of asset liability composition in Islamic banks by the regulators. Further research on the area of Islamic banking system's asset liability management from the qualitative aspect is highly recommended, as there is limited literature on this area.


Mapping The Risks And Risk Management Practices In Islamic Banking

Author by : Wael Kamal Eid
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 23
Total Download : 491
File Size : 49,6 Mb
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Description : 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.


An Alternative Approach To Liquidity Risk Management Of Islamic Banks

Author by : Muhammed Habib Dolgun
Languange : en
Publisher by : Walter de Gruyter GmbH & Co KG
Format Available : PDF, ePub, Mobi
Total Read : 49
Total Download : 563
File Size : 50,8 Mb
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Description : Despite noticeable growth in Islamic banking and finance literature in recent years, very few published books in this area deal with supervisory and regulatory issues in Islamic banking – theoretically or empirically – and none with the critical issue of risks involved in liquidity management of Islamic banks. This unique book is the first of its kind in dealing with challenges these financial institutions face in the absence of interest rate mechanism and debt-based financial instruments. The book examines critically issues involve in managing the risk of liquidity management for these types of institutions, including those stemming from Basel requirements. It then offers an alternative regulatory framework more appropriately suited for such banks without compromising safety and security. The book's unique features and innovative dimensions diagnostically differentiate between Islamic banks and conventional banks as related to liquidity management risks. It proposes a risk-sharing regulatory framework that, once implemented, would mitigate risks posed by balance-sheet mismatches. The book aims to assist regulators, supervisors, Islamic finance practitioners, academicians and other relevant stakeholders.


Islamic Finance

Author by : Rifaat Ahmed Abdel Karim
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 28
Total Download : 364
File Size : 54,7 Mb
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Description : From the world's foremost authorities on the subject, the number-one guide to Islamic finance revised and updated for a post-crisis world Because it is entirely equity-based, rather than credit-based, Islamic finance is immune to the speculative bubbles and runaway volatility typical of Western finance. Especially now, in the wake of the global financial crisis, this has made them increasingly attractive to institutional investors, asset managers and hedge funds in search of more stable alternatives to conventional financial products. With interest in Islamic finance swiftly spreading beyond the Muslim world, the need among finance and investment professionals has never been greater for timely and authoritative information about the rules governing Islamic finance. This thoroughly updated and revised second edition of the premier guide to regulatory issues in Islamic finance satisfies that need. Addresses the need for banks to develop common Islamic-based international accounting and auditing standards Clearly explains the key differences between Shari'ah rulings, standardization of acceptable banking practices, and the development of standardized financial products Explores the role of the Shari'ah Boards in establishing common rules regarding the permissibility of financial instruments and markets Offers guidance for regulators seeking to adapt their regulatory frameworks to the needs of the fast-growing Islamic finance sector


Strategic Management In Islamic Finance

Author by : Alexander Pock
Languange : en
Publisher by : Springer Science & Business Media
Format Available : PDF, ePub, Mobi
Total Read : 56
Total Download : 759
File Size : 48,8 Mb
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Description : 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.


Investigation Of Credit Risk Performance Relationship In Islamic Banks In Pakistan

Author by : Azam Ali
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 67
Total Download : 353
File Size : 49,8 Mb
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Description : Pakistan financial sector was influenced by the 2007-08 global financial crises (GFC), particularly its banking industry suffered the most. Both conventional banks, as well as, Islamic banks showed serious concerns of not having proper risk management systems to desist from the vulnerabilities of crises. Out of six, two full-fledged Islamic banks could not absorb the GFC' shocks and resultantly, one of them was dissolved, while the other amalgamated. To know the extent, of which the GFC affected the Islamic banks' credit risk that ultimately deteriorated the performance of one-third of Islamic banks in Pakistan, this study was motivated to analyze the GFC impact on the credit risk and performance relationship in Islamic banks. The study therefore, investigates the relationship between performance and credit risks and impact of GFC on this relationship of all full-fledged Islamic banks operating in Pakistan during the period 2002QII-2012QIV. On the basis of Islamic banks' quarterly published data, Seemingly Unrelated Regression (SUR) model is applied for the analysis of unbalanced panel data at aggregate banks level and at the individual bank level. This study is not only attempts to present a comprehensive analysis to investigate the credit risk-performance relationship of Islamic banks in Pakistan' at both the aggregate and individual banks' levels, but also explores the GFC impact on this relationship during three periods of the crises, pre-crisis period 2005-07, the crisis period 2007-09 and the post-crisis period 2009-12. The findings reveal that size, funding cost, regulatory capital, risk weighted assets and risky sector financings have significant relationships with profitability, liquidity and financing variables of Islamic banks' performances, both at aggregate bank level and individual bank level. The study also confirms the negative relationship between credit risk predictors and performance variables of Islamic banks in Pakistan. Further, the results exhibit that the GFC impact on this relationship found to be more influential during the crisis period as compared to the pre-crisis period and post-crisis period. This happened because of the unavailability of risk evasion measurements with Islamic banks in Pakistan. The findings suggest several policy implications: Firstly, Islamic banks' should develop early warning systems to desist from vulnerabilities of such crises in future. Secondly, serious attention should be given by banks taking into account those performance variables that have significant relationships with the credit risk. Thirdly, Islamic banks need to develop sustainable systems to examine the worthiness of borrowers that help reduce the default risks. Fourthly, regulator should conduct periodic reviews on the quality of financing disbursed to borrowers to enhance the confidence of the general public in Islamic banking. Finally, regulator should ensure the effectiveness and implementation of its existing policies to prevent banks from financing/disbursements to risky sectors. A cross country study is recommended to develop generalized conclusion.


Risk Management In Emerging Markets

Author by : Anonim
Languange : en
Publisher by : Emerald Group Publishing
Format Available : PDF, ePub, Mobi
Total Read : 86
Total Download : 115
File Size : 40,5 Mb
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Description : This book addresses three main dimensions of risk management in emerging markets: 1) the effectiveness of risk management practices; 2) current issues and challenges in risk assessment and modelling in emerging market countries; 3) the responses of emerging markets to the recent financial crises and the design of risk management models.


Islamic Banks And Financial Stability

Author by : Mr.Martin Cihak
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 38
Total Download : 418
File Size : 41,8 Mb
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Description : The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic banks tend to be financially stronger than small commercial banks; (ii) large commercial banks tend to be financially stronger than large Islamic banks; and (iii) small Islamic banks tend to be financially stronger than large Islamic banks, which may reflect challenges of credit risk management in large Islamic banks. We also find that the market share of Islamic banks does not have a significant impact on the financial strength of other banks.