Islamic finance and economic development : risk, regulation, by Amr Mohamed El Tiby Ahmed, Wafik Grais

By Amr Mohamed El Tiby Ahmed, Wafik Grais

Islamic finance, like traditional finance is a company of monetary intermediation. Its detailed good points relate to the requirement that it abides by means of Shari'a principles that advertise equity of contracts and prevention of exploitation, sharing of hazards and rewards, prohibition of pursuits, and tangible financial function. Islamic finance are usually not fund actions thought of "haram" or sinful. The ebook expounds on Read more...

summary:

A entire advisor to mitigating threat and fostering progress within the Islamic monetary area Islamic finance, like traditional finance is a company of monetary intermediation. Read more...

Show description

Read Online or Download Islamic finance and economic development : risk, regulation, and corporate governance PDF

Best banks & banking books

Reforming the World Bank: Twenty Years of Trial - and Error

Within the many reports of the realm financial institution a severe factor has been neglected. whereas writers have checked out the Bank's political financial system, lending, stipulations, recommendation, possession and accounting for concerns resembling the surroundings, this research appears to be like on the financial institution as a firm - if it is arrange to do the activity it really is presupposed to do and, if now not, what can be performed approximately it.

The Art of Better Retail Banking: Supportable Predictions on the Future of Retail Banking

"This new publication on retail banking is either readable and cutting edge. Its research is strangely available in its variety, and the book's conclusions and predictions could be rightly proposal upsetting. the client is gaining actual strength and this new book's insights at the significance of management, the necessity to unharness creativity and to make a bank's IT and folks source interact extra successfully for client pride are very important tips that could the form of destiny aggressive differentiation.

Financial Crisis and Bank Management in Japan (1997 to 2016): Building a Stable Banking System

This publication explores the demanding situations confronted via the japanese economic system and the japanese banking following the monetary problem that emerged round the flip of the final millennium. the writer explores how the japanese monetary main issue of the past due Nineteen Nineties engendered large restructuring efforts within the banking undefined, which finally ended in much more sweeping adjustments of the industrial procedure and long term deflation within the 2000s.

Extra resources for Islamic finance and economic development : risk, regulation, and corporate governance

Sample text

This mode usually applies to transactions such as consultations and professional services, fund placements, and trust services. Fiqh (Islamic jurisprudence) Fiqh al-Muamalat Halal Haram Hibah Ju’ala (service charge) History and Core Principles of Islamic Finance 17 Term Definition Kifala It is a pledge given to a creditor that the debtor will pay the debt, fine, or liability. A third party becomes surety for the payment of the debt if unpaid by the person originally liable. Qard hassan (beneficence loan) A zero-return loan that the Quran encourages Muslims to make to the needy.

Errico and M. Farahbaksh, “Islamic Banking: Issues in Prudential Regulation and Supervision,” IMF Working Paper WP/98/30 (Washington, DC: International Monetary Fund, 1998). , kifala) Reserves Nonbanking assets (property) Equity capital Source: Iqbal and Van Greuning (2008). APPENDIX 1B: GLOSSARY OF SELECTED ISLAMIC FINANCE TERMS Term Quick Definition Full Definition Amana Trustworthiness, faithfulness, and honesty Amana is also used to define a situation in which one party is keeping another person’s property in trust.

Indeed, an Islamic bank’s balance sheet incorporates an intrinsic hedge in principle, as a loss of asset value would translate into a change of value of the pool of resources that funded it, generally mostly investment accounts. Islamic banks pool depositors’ funds in providing them with professional investment management with associated returns and risks. Neither the face value of investment deposits nor their return is guaranteed. Investment depositors share in the bank’s net profit (or loss) according to the profit and loss sharing (PLS) ratio stipulated in their contracts.

Download PDF sample

Rated 4.33 of 5 – based on 33 votes