By Amr Mohamed El Tiby Ahmed
A close examine the fast-growing box of Islamic finance and banking
The guideline of Islamic finance has existed all through Islamic background, but smooth Islamic banking has been round for a comparatively brief time period. writer Amr Mohamed El Tiby is knowledgeable during this box, and with this new e-book, he finds how one can enjoy the use of Islamic banking techniques on your monetary endeavors.
Engaging and available, Islamic Banking exhibits the effect this technique has made on traditional banking because the Nineteen Fifties, and why it truly is this sort of monstrous participant within the present marketplace. It deals a special examine points of this box, together with the salient positive factors of Islamic banking that distinguishes it from non-Islamic banking, the improvement of the regulatory our bodies and supervisory corporations that aid the Islamic banking approach, and lots more and plenty extra. It additionally explores the character of probability in Islamic banking and the problems of capital adequacy, company governance, transparency, and chance linked to Islamic banking.
- Discusses the heritage and improvement of Islamic finance
- Offers elementary techniques for enforcing Islamic finance into your enterprise activities
- Sheds gentle at the impression of the worldwide fiscal problem on Islamic banks as opposed to traditional banks
Filled with in-depth insights and specialist suggestion, this particular research of Islamic finance may also help you achieve an organization knowing of ways powerful this confirmed technique could be.
Read or Download Islamic Banking: How to Manage Risk and Improve Profitability PDF
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Extra resources for Islamic Banking: How to Manage Risk and Improve Profitability
Example text
The adoption of Western economic theory and practice will not help us in achieving our goals of creating a happy and contended people. We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equity of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind. In 1977, Pakistan initiated the first attempt to Islamitize the banking system.
In Islamic banking, it became common practice to request additional collateral from the customers for risk mitigation purposes, which in turn has its own difficulty, particularly in the case of liquidating or trying to sell. 3. The principles aim to ensure that all banks have in place a clear and sound lending strategy that complies with and takes into consideration the credit exposure at all stages of the financing agreement. Also banks should have in place a well-articulated credit policy that includes the proper risk assessment and due diligence review prior to deciding on granting any credit facility.
The fourth period, also in my opinion, seems to have begun sometime in the middle of 2009, when bankers, supervisors, and regulators across the globe were evaluating the causes and consequences of the global economic crises and the credit crunch facing banks. Despite the fact that it is still early to come to concrete conclusions, many bankers as well as regulators are evaluating the fact that Islamic banks were the least affected by the credit crunch due to its asset-based nature. 6 percent to reach assets of $822 billion in 2009, compared to $639 billion in 2008.