Karim / Archer Islamic Finance

The New Regulatory Challenge
2. Auflage 2013
ISBN: 978-1-118-24706-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 544 Seiten, E-Book

Reihe: Wiley Finance Editions

From the world's foremost authorities on the subject, the number-one guide to Islamic finance revised and updated for a post-crisis world
Because it is entirely equity-based, rather than credit-based, Islamic finance is immune to the speculative bubbles and runaway volatility typical of Western finance. Especially now, in the wake of the global financial crisis, this has made them increasingly attractive to institutional investors, asset managers and hedge funds in search of more stable alternatives to conventional financial products. With interest in Islamic finance swiftly spreading beyond the Muslim world, the need among finance and investment professionals has never been greater for timely and authoritative information about the rules governing Islamic finance. This thoroughly updated and revised second edition of the premier guide to regulatory issues in Islamic finance satisfies that need.
* Addresses the need for banks to develop common Islamic-based international accounting and auditing standards
* Clearly explains the key differences between Shari'ah rulings, standardization of acceptable banking practices, and the development of standardized financial products
* Explores the role of the Shari'ah Boards in establishing common rules regarding the permissibility of financial instruments and markets
* Offers guidance for regulators seeking to adapt their regulatory frameworks to the needs of the fast-growing Islamic finance sector

Autoren/Hrsg.

Karim, Rifaat Ahmed Abdel

Archer, Simon

Inhaltsverzeichnis

About the Editors.
About the Contributors.
Foreword.
Preface.
Acknowledgments.
1. Supervision of Islamic Banks and Basel: The RegulatoryChallenge (Simon Archer and Rifaat Ahmed Abdel Karim).
Part 1. The Nature of Risks in Islamic Banking.
2. Banking and the Risk Environment (Hennie van Greuning and ZamirIqbal).
3. Risk Characteristics of Islamic Products: Implications for RiskMeasurement
and Supervision (Dr. V. Sundararajan).
4. Capital Structure and Risk in Islamic Financial Services (WafikGrais and
Anoma Kulathunga).
5. Inherent Risk: Credit and Market Risks (Abdullah Haron and JohnLee Hin Hock).
6. Operational Risk Exposures of Islamic Banks (Simon Archer andAbdullah
Haron).
7. Law and Islamic Finance: An Interactive Analysis (Yusuf TalalDeLorenzo
and Michael J.T. McMillen).
8. Supervisory Implications of Islamic Finance in the CurrentRegulatory
Environment (Hari Bhambra).
Part 2. Capital Adequacy.
9. Risk and the Need for Capital (Charles Freeland and StevenFriedman).
10. Measuring Risk for Capital Adequacy: The Issue ofProfit-sharing Investment Accounts (Simon Archer and Rifaat AhmedAbdel Karim).
11. Measuring Operational Risk (Elisabeth Jackson-Moore).
12. Supervisory Implications of Islamic Banking: ASupervisor's Perspective (Toby Fiennes).
Part 3. Securitization and Capital Markets.
13. Securitization in Islamic Finance (Abdulkader Thomas).
14. The Role of Capital Markets in Ensuring Islamic FinancialLiquidity (Stella Cox).
15. Regulating Islamic Capital Markets (Robert Gray and ArshadIsmail).
Part 4. Corporate Governance.
16. Corporate Governance for Banks (Hamid Yunis).
17. Specific Corporate Governance Issues in Islamic Banks (SimonArcher and Rifaat Ahmed Abdel Karim).
18. Corporate Governance and Supervision: Basel Pillar 2(Chizu Nakajima and Barry A.K. Rider).
19. Transparency and Market Discipline: Basel Pillar 3 (DaudAbdullah, David Vicary).
Part 5. Conclusion.
20. Human Resource Management of Islamic Banks: Responses toConceptual and Technical Challenges (Volker Nienhaus).
21. Concluding Remarks (Simon Archer and Rifaat Ahmed AbdelKarim).
Index.

Über Autor(innen)

Simon Archer was Professor of Financial Management at the University of Surrey, UK, where he continues to supervise PhD students. Previously, he was Midland Bank Professor of Financial Sector Accounting at the University of Wales, Bangor. After his studies in Philosophy, Politics and Economics at Oxford University, he qualified as a Chartered Accountant with Arthur Andersen in London and then moved to PriceWaterhouse in Paris, where he became Partner in charge of Management Consultancy Services in France and Scandinavia. His academic career began after working as a practitioner, mainly in management consulting. Professor Archer's main research interests are in international accounting, accounting theory and accounting for banks, including the financial reporting, capital adequacy, risk management and corporate governance of financial institutions. His recent work focuses on Islamic financial institutions. He is also co-author of the International Accounting and Financial Reporting Standards Guide as well as co-editor of the Miller European Accounting and Islamic Finance: Innovation and Growth.Rifaat Ahmed Abdel Karim is the Secretary-General of the Islamic Financial Services Board (IFSB), a post he has held since the IFSB stated to operate in 2003. Prior to his current post, he was the Secretary-General of the Accounting and Auditing Organization for Islamic Financial Institutions. He is a member of both the Standards Advisory Council of the international Accounting Standards Board, now serving his second three-year term, and the Consultative Advisory Group of the International Auditing and Assurance Standards Board. Professor Rifaat has been Visiting Professor at the University of Surrey (UK) since 1996, and is an Honorary Professor at Monash University in Australia. He is the co-author of Islamic Finance: Growth and Innovation and Business and Accounting Ethics is Islam. He is the first recipient of the Euromoney Outstanding Contribution to the Development of Islamic Finance Award, and other distinguished awards.