Islamic Finance

Author by : Tina Harrison
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 14
Total Download : 382
File Size : 46,8 Mb
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Description : This book demonstrates how the global market for Islamic financial services has shown strong growth in recent years and shown remarkable resilience during the global financial crisis. Drawing on a range of international perspectives from the Gulf Cooperation Council countries, Malaysia, Pakistan, Australia and Europe, this book explores the characteristics and performance of Islamic finance and banking and discusses future prospects. It offers a comprehensive theoretical framework for Shariah governance in Islamic financial institutions, explores Shariah-compliant equities, as well as issues in productivity, technology and efficiency. It includes a number of comparative studies on Islamic and conventional banks, Islamic and conventional unit trusts, and Islamic and conventional banks’ product mixes. The challenges and opportunities for the expansion of Islamic finance and banking into Europe are explored through the contexts of the UK, Germany and Italy.


Financial Performance

Author by : Lubna Ali
Languange : en
Publisher by : LAP Lambert Academic Publishing
Format Available : PDF, ePub, Mobi
Total Read : 12
Total Download : 838
File Size : 53,6 Mb
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Description : Performance Measurement is essential to perceive the problem in the system. From good performance measurement an institution can come to know that which employees, method and program are competent and effectual. Banking sector is an important sector across the world for supervision of financial resources. For the development of any economy financial sector plays an important role. A well-organized financial sector is essential for better utilization of nation's financial resources. The banking sector of Pakistan comprises both Conventional and Islamic banks. Islamic banking is growing swiftly in all over the world particularly in Pakistan. This study examined the financial performance of Islamic and Conventional banks in Pakistan during 2005-2009 with respect to profitability, liquidity, risk and solvency, efficiency, assets quality and capital adequacy. This book is helpful in providing precious information to bank management, bank customers and bank regulators.


Factors Affecting Performance Of Banks A Comparative Study Of Islamic And Conventional Banks In Pakistan

Author by : Muhammad Ejaz Sandhu
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 57
Total Download : 952
File Size : 51,7 Mb
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Description : Banking sector is an important part of a country's economy. They play very vital role for development of a developing country like Pakistan. In Pakistan, Islamic Banking was started properly in 2002 with Meezan Bank Ltd. and after that it was developed gradually. Up to 2012, there were 7 full fledge Islamic Banks working in Pakistan, and at present there are only 5 full fledge Islamic Banks are left. Now all conventional Banks are also trying to shift toward Islamic Banking day by day, but still there is no fast growth of Islamic Banking in Pakistan. Conventional Banks have got a good growth in the country during last 2 decades, because they earned a good profits from banking business. On the other hand, Islamic Banks in Pakistan are not earning a good profit. Most of the Banks are suffering from Losses from last few years. Only Meezan Bank is one Islamic Bank in the country, which is earning good profits regularly. Whereas other Pure Islamic Banks are facing continuous losses. It can be seen from the financial statements of all Islamic Banks for last many years.


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 : 64
Total Download : 444
File Size : 51,8 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.


Dissensions Logic For Belief

Author by : Mustanir Hussain
Languange : en
Publisher by : Lulu.com
Format Available : PDF, ePub, Mobi
Total Read : 83
Total Download : 925
File Size : 49,6 Mb
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Description :


Islamic Banking Structure And Performance

Author by : Sarah Bassam Awad
Languange : en
Publisher by : GRIN Verlag
Format Available : PDF, ePub, Mobi
Total Read : 27
Total Download : 548
File Size : 53,9 Mb
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Description : Master's Thesis from the year 2010 in the subject Business economics - Investment and Finance, grade: Merit, University of Essex (Essex Business School), course: Finance and Investment, language: English, abstract: The dissertation explores the variables in relationship with returns in Islamic Banking.It also introduces the history and governance structure of Islamic Banks in the countries within the study. The analysis is based on 49 banks across countries of varying economic stance from the years 2004 to 2008. Important evidence was found showing significant relationship between market concentration and returns in Islamic banks in most of the countries being studied. These findings are consistent with our expectations. Overall, our results suggest that there are highly significant relationships between returns, capital ratios, market concentration and money supply, which can all be used in assessing performance.


Are Islamic Banks More Resilient During Financial Panics

Author by : Moazzam Farooq
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 18
Total Download : 865
File Size : 46,8 Mb
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Description : Rapid growth of Islamic banking in developing countries is accompanied with claims about its relative resilience to financial crises as compared to conventional banking. However, little empirical evidence is available to support such claims. Using data from Pakistan, where Islamic and conventional banks co-exist, we compare these banks during a financial panic. Our results show that Islamic bank branches are less prone to deposit withdrawals during financial panics, both unconditionally and after controlling for bank characteristics. The Islamic branches of banks that have both Islamic and conventional operations tend to attract (rather than lose) deposits during panics, which suggests a role for religious branding. We also find that Islamic bank branches grant more loans during financial panics and that their lending decisions are less sensitive to changes in deposits. Our findings suggest that greater financial inclusion of faith-based groups may enhance the stability of the banking system.


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 : 28
Total Download : 823
File Size : 46,8 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.


The Foundations Of Islamic Banking

Author by : Mohamed Ariff
Languange : en
Publisher by : Edward Elgar Publishing
Format Available : PDF, ePub, Mobi
Total Read : 33
Total Download : 785
File Size : 50,9 Mb
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Description : After barely half a century of experience, Islamic banking has become established as a new niche industry across the world offering new and sophisticated financial products designed to be compliant with the principles of Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors ¿ including eminent scholars and senior practitioners in the field ¿ examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issuesincluding usury, interest rates, financial contracting for funding enterprises, for mortgages, for leasing and other financial transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamicfinancial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry.


Islamic Banking

Author by : Fuad A Al-Omar
Languange : en
Publisher by : Zed Books
Format Available : PDF, ePub, Mobi
Total Read : 60
Total Download : 769
File Size : 43,7 Mb
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Description : Islam has a very specific approach to commercial transactions, the law of contract, interest charges, indeed to the very nature of property. For financial institutions operating in an Islamic environment, or seeking to meet the requirements of communities committed to Islamic law, this poses a variety of problems. This important book investigates how such a challenge can be met in practice. The authors investigate the way Islamic banks work within different economic, financial, social, legal and religious environments. They take the reader through the basic principles involved, the issues that arise, and the difficulties that are often encountered. Drawing on detailed studies of Islamic banking in London, Jordan, Turkey, Malaysia and Pakistan, they provide an understanding of how complex Islamic concepts impact upon the use of financial instruments, commercial priorities and services. Relationships with central banks, comparative analysis of financial statements and the role of Islamic banking in a development context are also covered. ISLAMIC BANKING will be essential reading to all those involved in the setting up and running of Islamic banking units in western countries, and a key resource for students of economics in the international arena.


Islamic Banking In Practice Volume 3

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 21
Total Download : 494
File Size : 51,7 Mb
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Description : This is how Islamic Banking really works Volume 3 of the Islamic Banking in Practice series covers the three main areas of Retail Banking, Risk Management and Structured Investments. Key products in all of these areas are discussed and explained in detail, covering the different types of contracts and structures used in the Islamic Banking and Finance sector. The journey in transforming classical contracts (such as Murabaha, Mudarabah, Wakala, Ijara and so on) into finished products that are executed, is a compelling one. This includes the transformation of inherent risks to suit the parties involved. This process of transformation highlights the perpetual conflict that exists within the industry – how to utilise classic contractual forms to deliver (overwhelmingly) products that are priced at interest.


Islamic Finance Risk Sharing And Macroeconomic Stability

Author by : Muhamed Zulkhibri
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 84
Total Download : 585
File Size : 50,5 Mb
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Description : The concept of risk-sharing in financial and social contracts is one of the unique features of Islamic finance. Many theoretical studies generally claim superiority of an Islamic financial system based on pure equity and participatory modes of financing, while empirical studies provide mixed results. Studies and discussions are needed to fully understand how Islamic finance could contribute to the ongoing discussion of financial stability. Against this background, this book addresses various aspects of Islamic finance and the risk-sharing mechanism contributions to the overall macroeconomic and financial stability. Undoubtedly, the findings and recommendation from this book should be of great interest not only to future academic researchers in the field of macroeconomic stability and Islamic finance, but also to policy makers and regulators who are keen on drawing lessons from Islamic finance experiences to prevent similar crisis in the future.


Handbook Of Islamic Banking

Author by : Kabir Hassan
Languange : en
Publisher by : Edward Elgar Publishing
Format Available : PDF, ePub, Mobi
Total Read : 82
Total Download : 196
File Size : 49,9 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 In Practice Volume 2

Author by : Safdar Alam
Languange : en
Publisher by : Fidens Press
Format Available : PDF, ePub, Mobi
Total Read : 41
Total Download : 964
File Size : 40,8 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 Finance And Banking

Author by : Hussain Mohi-ud-Din Qadri
Languange : en
Publisher by : Routledge
Format Available : PDF, ePub, Mobi
Total Read : 44
Total Download : 601
File Size : 42,5 Mb
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Description : This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field. The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models. This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.


Growth And Emerging Prospects Of International Islamic Banking

Author by : Rafay, Abdul
Languange : en
Publisher by : IGI Global
Format Available : PDF, ePub, Mobi
Total Read : 83
Total Download : 153
File Size : 41,8 Mb
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Description : As an ever-growing international business, Islamic banking has changed the face of economics in recent years. As more and more industries embrace Islamic principles, the industry will unquestionably influence modern economic practices and techniques across the globe. Growth and Emerging Prospects of International Islamic Banking is a collection of innovative research on the methods and applications of Islamic banking interests on a global economic scale. While highlighting topics including asset diversification, profit sharing, and financial reporting, this book is ideally designed for bankers, banking analysts, international business managers, financiers, industry professionals, economists, government officials, academicians, students, and researchers seeking current research on Islamic banking perspectives and approaches to finances.


Islamic Banking

Author by : Nafis Alam
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 81
Total Download : 378
File Size : 54,8 Mb
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Description : This book focuses on current issues impacting the Islamic banking system globally. The contributions introduce readers to existing research and literature in the field and highlight areas of potential scholarly development within Islamic banking studies. The chapters are a variety of case studies, theoretical reviews, and empirical research within the world of Islamic banking. The contributions analyse new developments within Islamic banks from OIC member countries, Malaysia and the GCC. Particular attention is paid to the formative insolvency case of Arcapita Bank in chapter 6. Other chapters provide detailed discussion of the structures, marketing activities and products of Islamic banks, and contrast them with those of counterpart conventional banks. Through this edited collection, readers are given expert insight into contemporary, critical issues facing the growing sphere of Islamic banking.


Advances In Islamic Finance Marketing And Management

Author by : Dilip Mutum
Languange : en
Publisher by : Emerald Group Publishing
Format Available : PDF, ePub, Mobi
Total Read : 48
Total Download : 600
File Size : 51,6 Mb
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Description : Of interest to both academics and practitioners who assist in making Shariah-centric strategies, this work is particularly important as Asia holds a major percentage of Islamic assets in South Asia, Southeast Asia, and the Middle East, with new opportunities opening in Central Asia.


Banking And Economic Rent In Asia

Author by : Yasushi Suzuki
Languange : en
Publisher by : Taylor & Francis
Format Available : PDF, ePub, Mobi
Total Read : 94
Total Download : 456
File Size : 46,7 Mb
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Description : A stable and sound financial system plays a critical role in mediating funds from surplus units to investors, making it a prerequisite for economic development. Financial intermediaries have been vulnerable to adverse changes in the local and global economy and experienced frequent bubble-and-bust episodes historically. Analyses of financial crises reveal that the incentive created by neo-liberal financial principles is inconsistent with stable financial systems, and viable solutions require structuring institutions in a way that incentives are well aligned with the fundamental principles of financial systems. By drawing on the theoretical framework of the financial restraint model, this book analyses financial sectors’ rents or bank rents and their effects on banks’ performance and stability, and presents evidence on the relationship between rent and incentive through case studies of both developed and developing countries.


Contemporary Issues In Islamic Social Finance

Author by : Hussain Mohi-ud-Din Qadri
Languange : en
Publisher by : Routledge
Format Available : PDF, ePub, Mobi
Total Read : 18
Total Download : 848
File Size : 44,5 Mb
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Description : The development of Islamic banking and finance (IBF) previously centred around three regions of the world: the Middle East, Southeast Asia, and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA, and Europe, especially in the UK. Several Western market players have established their own Islamic window or subsidiaries to cater to the need of growing Muslim populations in these regions. This book examines the recent developments in IBF, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, halal education, takaful, mutual funds, and waqf. It covers the religiosity, spirituality, and tawhid index, which promotes social well-being and empowerment. The book is interdisciplinary, and theories, practice, and key issues are presented simultaneously, introducing new ideas and techniques to the IBF community. Moreover, the book examines topics such as innovation in Islamic social finance instruments, advanced techniques of risk mitigation in Islamic capital markets, marketing and the halal industry, and shari’ah-compliant instruments, which are critical to Islamic finance. The book is an essential reference text for academics and research students at the master’s and doctorate levels in IBF.


The Developing Role Of Islamic Banking And Finance

Author by : Anonim
Languange : en
Publisher by : Emerald Group Publishing
Format Available : PDF, ePub, Mobi
Total Read : 70
Total Download : 637
File Size : 43,8 Mb
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Description : 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.


Islamic Development Management

Author by : Noor Zahirah Mohd Sidek
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 90
Total Download : 962
File Size : 51,6 Mb
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Description : This book examines a range of current issues in Islamic development management. The first part of the book explores practical issues in governance and the application of Islamic governance in new areas such as quality management systems and the tourism industry, while the second delves into questions of sustainability. The book proposes a new Islamic sustainability and offers new perspectives on CSR in connection with waqf (Islamic endowments) and microfinance. The third part of the book addresses Islamic values and how they are applied in entrepreneurship, inheritance, consumer behavior and marketing. The fourth part examines the issues of waqf and takaful (a form of insurance in line with the Islamic laws), while the fifth discusses the fiqh (the study of Islamic legal codes) and legal framework from the perspectives of entrepreneurship, higher education, reporting and inheritance (wills). The final chapter is dedicated to the application of Islamic principles in various other issues. Written in an accessible style, the book will appeal to newcomers to the field, as well as researchers and academics with an interest in Islamic development management.


Advanced Technologies Systems And Applications Ii

Author by : Mirsad Hadžikadić
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 37
Total Download : 440
File Size : 40,5 Mb
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Description : This book presents innovative and interdisciplinary applications of advanced technologies. It includes the scientific outcomes of the 9th DAYS OF BHAAAS (Bosnian-Herzegovinian American Academy of Arts and Sciences) held in Banja Vrućica, Teslić, Bosnia and Herzegovina on May 25–28, 2017. This unique book offers a comprehensive, multidisciplinary and interdisciplinary overview of the latest developments in a broad section of technologies and methodologies, viewed through the prism of applications in computing, networking, information technology, robotics, complex systems, communications, energy, mechanical engineering, economics and medicine, to name just a few.


Islamic Law And Finance

Author by : Ruth Garrett
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 54
Total Download : 351
File Size : 46,5 Mb
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Description : A collection of papers analyzing the various attempts to establish a system of Islamic law and finance. It investigates the modes of operation of institutions adopting the Islamic system, drawing on examples such as Malaysia, Iran, Pakistan and Egypt. Annotation copyrighted by Book News, Inc., Portland, OR


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 : 10
Total Download : 429
File Size : 55,9 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.


Handbook Of Analytical Studies In Islamic Finance And Economics

Author by : Zamir Iqbal
Languange : en
Publisher by : Walter de Gruyter GmbH & Co KG
Format Available : PDF, ePub, Mobi
Total Read : 60
Total Download : 371
File Size : 47,7 Mb
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Description : This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. The analytics of Islamic economics and finance may not differ from standard frameworks, methods, and techniques used in conventional economics, but may offer new perspectives on the making of financial crises, nature of credit cycles, roots of financial system instability, and determinants of income disparities. The focus is placed on the logical coherence of Islamic economics and finance, properties of Islamic capital markets, workings of Islamic banking, pricing of Islamic financial instruments, and limits of debt financing, fiscal stimulus and conventional monetary policies, inter alia. Readers with investment, regulatory, and academic interests will find the body of analytical evidence to span many areas of economic inquiry, refuting thereby the false argument that given its religious tenets, Islamic economics is intrinsically narrative, descriptive and not amenable to testable implications. Thus, the handbook may contribute toward a redefinition of a dismal science in search for an elusive balance between rationality, ethics and morality, and toward a remodeling of economies based on risk sharing and prosperity for all humanity


Islamic Economic Studies

Author by : Anonim
Languange : en
Publisher by : Unknown
Format Available : PDF, ePub, Mobi
Total Read : 50
Total Download : 976
File Size : 40,8 Mb
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Description :