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Islamic Banking : How to Manage Risk and Improve Profitability

ISBN: 9780470880234 | 0470880236

Format: Hardcover
Publisher: Wiley
Pub. Date: 1/1/2011

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Summary Table of Contents Author Biography

Praise for ISLAMIC BANKING"As many would say that the worst of the financial crisis is now behind us, it is indeed an opportune time for the expert materials (such as this book) on the issues of risk and profitability, particularly with reference to the Islamic financial services industry." -Adnan Ahmed Yousif, President and Chief Executive, Al Baraka Banking Group and Chairman, Union of Arab Banks"There is a need for a clear exposition of risk in Islamic banking-where it differs from risk in interest-based banks; and where it is the same. El T... MOREiby has filled that gap. He understands the regulatory environment very well and the way Islamic finance has developed in recent years in the Gulf and elsewhere." -Sir Howard Davies, Director, London School of Economics"This book is a valuable and highly needed addition to the Islamic finance literature. Starting with its thorough research into the background and origins of Islamic finance to the detailed yet simple explanation of Islamic finance instruments and the regulatory framework, this book is a must-read for everyone interested in the Islamic finance business." -Mohammad Nasr Abdeen, Chief Executive Officer, Union National Bank"The book is a worthwhile addition to the literature on Islamic finance." -From the Introduction by Dr. Wafik Grais, Senior Advisor, World Bank"This book represents an important academic contribution to existing research on the system and business of Islamic banking. It provides a wealth of information and data, and comprises a thorough investigation covering the history of the development of Islamic banks, their strategies for facing financial risk, and the various highly successful aspects of the Islamic financial system." -Dr. Jamal S. Al-Suwaidi, Director General, Emirates Center for Strategic Studies and Research"Islamic banking has become a major component of world finance, and increasingly so. El Tiby, a banker himself with long experience in Islamic banking, offers us a clear presentation of the risks and regulatory mechanisms for this new area of finance. This book is long overdue." -Hazem Beblawi, Advisor, Arab Monetary Fund

Islamic Banking will be about the nature of risk in Islamic banking and the regulatory framework which includes capital adequacy, corporate governance, transparency and risk associated with Islamic banking. The book will cover materials about Islamic banking and also will show how each of these issues defers from the non-Islamic Banking, shading light on the effect of the global economic crisis on Islamic banks vs. conventional banks. It will discuss history and development, the nature of risk, the importance and role of capital, corporate governance and transparency, the salient features of Islamic banking that distinguishes it from non-Islamic banking, and the development of the regulatory bodies and supervisory agencies that support the Islamic banking system. The book will try to give answers to questions such as: Is the existing regulatory framework sufficient enough to - Ensure safe and sound banking system? Face the inherent risk associated with Islamic banking? Prevent systemic risk in the banking system? The book concludes with discussions on (1) the relationship between the Islamic banking regulators and the western regulators, and (2) the obstacle and challenges from regulatory prospective that faces the Islamic banking.

+ Islamic Finance discusses the risk in Islamic banking and the regulatory framework which includes capital adequacy, corporate governance, transparency and risk associated with Islamic banking.

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.

List of Tables
Foreword
Preface
Acknowledgments
Understanding the Origins
Introduction to Islamic Banking
History and Development of Islamic Banking
Risk in Islamic Banking
The Nature of Risk in Islamic Banking
The Inherent Risk in Islamic Banking Instruments
Operational Ris... MOREk in Islamic Banking
The Islamic Capital Market
Capital Adequacy
The Importance and Role of Capital Literature Review
The Regulatory Framework of the Conventional Banking System: Basel I and II
The Regulatory Framework of Islamic Banks
Corporate Governance
The Supervisory Review Process and Issues
Corporate Governance in Islamic Banking
Market Discipline and Transparency in Islamic Banking
Challenges Facing Islamic Banking and Recommendations
Abbreviations
Glossary
Bibliography
About the Author
Index
Table of Contents provided by Publisher. All Rights Reserved.

AMR MOHAMED EL TIBY is presently a vice president in a bank based in the United Arab Emirates. He graduated from Cairo University and then earned a degree in finance from the same university. He has a master's degree in economics from the American University in Cairo and a PhD from the American University in London. His master's thesis was about the Basel Capital Adequacy Accord, and his PhD dissertation was about the risk and regulatory framework for Islamic banking.

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