Islamic finance and economic development : risk management, regulation, and corporate governance /

The recent financial crisis that gripped the world points to the crucial need for well-planned, effective risk management, along with the requisite international regulatory standards to govern policies and procedures. This is equally true within the realm of Islamic finance. Amr Mohamed El Tiby and...

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Bibliographic Details
Main Authors: El Tiby, Amr Mohamed, 1956- (Author), Grais, Wafik, 1949- (Author)
Format: eBook
Language:English
Published: Hoboken, New Jersey : John Wiley & Sons, [2015]
Series:Wiley finance series.
Subjects:
Online Access:Connect to the full text of this electronic book
Description
Summary:The recent financial crisis that gripped the world points to the crucial need for well-planned, effective risk management, along with the requisite international regulatory standards to govern policies and procedures. This is equally true within the realm of Islamic finance. Amr Mohamed El Tiby and Wafik M. Grais team up to bring together the concepts of risk, regulation, and corporate governance in their seminal work on Islamic finance and economic development. Broken down into four distinct parts, Islamic Finance and Economic Development: Risk Management, Regulation, and Corporate Governance opens with a primer to Islamic finance and its history. This includes an analysis of recent developments, along with an overview of the present state of Islamic finance within the larger context of the global financial system. Part Two moves beyond the background information to provide details on risk, contagion, and distress. This section provides an overview of how global financial crises can affect Islamic finance, providing a real-world look at recent events. In Part Three, the authors bring you an overview of the regulatory framework for Islamic banking, including a discussion of challenges and opportunities for bankers, regulators, and policy makers. Part Four of the book is dedicated entirely to governance issues in Islamic finance, including discussions of financial Fiduciary Governance and Shari'a Fiduciary Governance, along with the presentation of an approach to the development of a systemic Shari'a governance framework for Islamic finance activities.
Physical Description:1 online resource (xxii, 234 pages : : illustrations.)
Bibliography:Includes bibliographical references (pages 217-229) and index.
ISBN:9781119204343 (electronic bk.)
1119204348 (electronic bk.)