Risk and Regulation of Islamic Banking

Edited by Mervyn K. Lewis, Mohamed Ariff () and Shamsher Mohamad

in Books from Edward Elgar Publishing

Abstract: From a single product offering in 1963, the Islamic financial services industry has grown to an estimated $1.6 trillion in assets. Products must comply with profit and risk-sharing criteria and regulations preventing banks from venturing into activities with high risk and excessive uncertainty. This timely volume analyses these matters and considers the range of new products, discussing both conceptual and practical dimensions. It connects Islamic finance to the mainstream theoretical literature on financial intermediation while also exploring its differences. The expert contributors also examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community’s well-being.

Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2014
ISBN: 9781783476121
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Chapters in this book:

Ch 1 Issues in the risk and regulation of Islamic banking , pp 1-8

Mohamed Ariff, Mervyn K. Lewis and Shamsher Mohamad

Ch 2 A theoretical perspective on Islamic banking and financial intermediation , pp 11-42

Mervyn K. Lewis

Ch 3 Objectives of Islamic banking: a theoretical discussion , pp 43-54

Mohamad Akram Laldin

Ch 4 Similarities and differences in Islamic and conventional banking , pp 55-70

Mohamed Ariff and Mervyn K. Lewis

Ch 5 Towards making ‘Islamic’ banking Islamic , pp 71-104

Munawar Iqbal

Ch 6 Foundations of risk-sharing finance: an Islamic view , pp 107-128

Abbas Mirakhor

Ch 7 The role of the central bank in dual banking Malaysia , pp 129-138

Shamsher Mohamad and Veelaiporn Promwichit

Ch 8 A case study of the Liquidity Management Centre in Bahrain , pp 139-152

Sat Paul Parashar

Ch 9 Non-interest financing arrangements in three Abrahamic religions , pp 155-167

Ahmad Kaleem and Mervyn K. Lewis

Ch 10 Need for pricing information to value sukuk securities , pp 168-178

Meor Amri Ayob

Ch 11 Major Islamic banking products and markets: a preliminary analysis , pp 179-205

Mohamed Ariff and Meysam Safari

Ch 12 Financial market operations in the United States: ethical issues and lessons for Islamic banking , pp 206-224

Raquib Zaman

Ch 13 Challenges in rating Islamic financial institutions , pp 227-253

Kim Leng Yeah and Mohamed Z. Othman

Ch 14 Islamic norms, Excel time value formula and housing finance models , pp 254-271

Zubair Hasan

Ch 15 Islamic finance in Australia , pp 272-282

Michael Skully

Ch 16 Risk management and derivatives in Islamic finance , pp 283-300

Obiyathulla Bacha

Ch 17 Development needs of the Islamic banking industry , pp 301-314

Mohamed Ariff, Mervyn K. Lewis and Shamsher Mohamad

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