Browsing by Topic Islamic finance

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Showing results 158 to 167 of 220
  • regulatory_framework_Islamic_finance_abbas.pdf.jpg
  • Industry Article


  • Authors: Mirakhor, Abbas (2014)

  • Generally, the objective of a regulatory framework within which a financial system operates is established for the purpose of protecting the system from abuses that may threaten the stability of financial relations. In doing so, attention is paid to the risk of financial transactions. The risk of any transaction can be managed in three ways. Risk can be transferred, shifted or shared. Depositors transfer their risk to a bank that then transfers it to borrowers. In this case the bank is an intermediary. Risk can be shifted in two different ways. A person shifts the risk of life or health to an insurance company with full knowledge and acquiescence of the latter that accepts the shifted...

  • regulatory_framework_for_islamic_finance_muawanah_obiyathulla_abbas.JPG.jpg
  • Chapter in Book


  • Authors: Lajis, Siti Muawanah; Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2016)

  • The role of regulation extends beyond ensuring stability and confidence in the financial system, as it is also behavioral shaper of market players. The laws, standards, and guidelines issued are instrumental in creating an incentive structure for market players to behave in certain ways. Using incentive audit approach, this paper attempts to examine the efficacy of the evolving Malaysian regulatory and supervisory framework for Islamic banking, in preserving financial stability as well as supporting the growth of the financial system and real economy. The findings suggest that the present framework unintentionally misaligns incentives and discourages Islamic banks from fully embracing...

  • replacing_the_interest_rate_mechanism_in_monetary_policy_norhanim_abbas_khairul.pdf.jpg
  • Academic Proceeding


  • Authors: Mat Sari, Norhanim; Mirakhor, Abbas; Mohd Subky, Khairul Hafidzi (2017)

  • The current macroeconomic policies in Malaysia follow conventional model based on the risk-transfer and/or risk-shifting paradigm, as opposed to risk-sharing principles proposed in Islamic finance. Malaysia’s monetary policy relies and operates through short-term interest rates which is currently called the overnight policy rate (OPR) to achieve price stability. In order to become a global leader and an indisputable global hub for Islamic finance, there is a need to develop an alternative monetary policy framework for Malaysia that is Shariahbased. One of the key elements in doing so is to come up with an alternative Islamic Pricing Benchmark (IPB) that is free from interest rates. He...

  • IFHubEd6_resource_rich_muslim_countries_islamic_institutional_reforms_liza.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mydin, Liza (2017)

  • The Organization of the Islamic Cooperation (OIC) countries have high economic potential in various fields, including productive land, mining, energy, agriculture, human resources and financial means. Collectively, the member countries of the OIC contribute over 9% of the world's total GDP1 with 22.8% of the world's population. Saudi Arabia and the United Arab Emirates alone, contribute about 17% of world oil production2. It could be expected that the wealth of natural resources would position the oil-producing OIC countries at the forefront of economic performance and growth. Yet, their economic performance often falls behind other countries. Income disparity in the OIC countries has...

  • The_resurgence_of_Islamic_social_finance_Ziyaad.pdf.jpg
  • Industry Article


  • Authors: Mahomed, Ziyaad (2017)

  • The consistent growth of the global Islamic banking and finance has provided a niche market with solutions and financial inclusion through a well-defined Islamic ethos. Unfortunately, Islamic finance has been criticised for having diverted from its core principles of socio-economic empowerment and upliftment. As in mainstream interest-based finance, Islamic financing and advances rely on the customers' credit-worthiness and the ability to repay, inevitably supporting those with good credit standing to improve their financial status. But, how has Islamic finance improved the lot of the downtrodden? What about the ethical, socio-economic tenets that Islamic finance has so vociferously e...

  • reviving_ethics_islamic_finance_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2010)

  • When it comes to definitions of ethics, and business ethics in particular, we have relied in this paper on a quick survey of the literature. We also referred to other writings to explain how interest-based lending escaped religions morality in the west. After providing an Islamic perspective of ethics and business ethics, the article directs itself to the moral responsibilities of system participants. Naturally there is a great deal of soul searching to do and there are tough questions that must be answered by everyone. In this regard, more questions than answers are provided. As a result, the Islamic finance system is found to have deviated from its own ethics and must put some effor...

  • PhD_Riba_free_model_of_stabilization_and_growth_application_to_Senegal_Adama.pdf.jpg
  • PhD


  • Authors: Dieye, Adama (2017)

  • The thesis addresses the failure of a model of economic development in Senegal and many other developing countries. Despite decades of economic adjustment programs designed by international financial institutions and supported by donors, Senegal could not achieve sustained prosperity or show strong internal and external balances. The thesis proposes to break the vicious circle of weak economic growth, financial imbalances, high level of debt and poverty. Accordingly, it adopts an Islamic paradigm that offers far better prospects for macroeconomic growth and social justice ... Available in physical copy and downloadable format (Call Number: t HG 3368 A6 D567)

  • risk_management_and_derivatives.pdf.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath (2014)

  • This chapter examines risk management issues in Islamic banking and finance (IBF). It describes the current state of affairs, the available risk management tools and prescribes possible solutions where there are no risk management tools currently. It focuses on four key areas within IBF. These are: (1) net worth/profit rate risk of Islamic banks; (2) risks associated with sukuk portfolios; (3) equity risks of Islamic mutual funds; and (4) exchange rate risks of Shari'ah-compliant business entities.

  • item.jpg
  • Master


  • Authors: Hassaan, Mohamed (2015)

  • Financial intermediaries such as banks face different risks during the course of their business. Handling these risks become more challenging especially while operating in a competitive market environment. As Islamic banking industry is relatively new, an adequate regulatory and legal framework to support the industry is still lacking in many countries. Further the nature of risk faced by Islamic banks in certain circumstances is different at the organizational and product level as compared to their conventional counterparts ... Available in physical copy only (Call Number: t HD 61 M697)

Browsing by Topic Islamic finance

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 158 to 167 of 220
  • regulatory_framework_Islamic_finance_abbas.pdf.jpg
  • Industry Article


  • Authors: Mirakhor, Abbas (2014)

  • Generally, the objective of a regulatory framework within which a financial system operates is established for the purpose of protecting the system from abuses that may threaten the stability of financial relations. In doing so, attention is paid to the risk of financial transactions. The risk of any transaction can be managed in three ways. Risk can be transferred, shifted or shared. Depositors transfer their risk to a bank that then transfers it to borrowers. In this case the bank is an intermediary. Risk can be shifted in two different ways. A person shifts the risk of life or health to an insurance company with full knowledge and acquiescence of the latter that accepts the shifted...

  • regulatory_framework_for_islamic_finance_muawanah_obiyathulla_abbas.JPG.jpg
  • Chapter in Book


  • Authors: Lajis, Siti Muawanah; Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2016)

  • The role of regulation extends beyond ensuring stability and confidence in the financial system, as it is also behavioral shaper of market players. The laws, standards, and guidelines issued are instrumental in creating an incentive structure for market players to behave in certain ways. Using incentive audit approach, this paper attempts to examine the efficacy of the evolving Malaysian regulatory and supervisory framework for Islamic banking, in preserving financial stability as well as supporting the growth of the financial system and real economy. The findings suggest that the present framework unintentionally misaligns incentives and discourages Islamic banks from fully embracing...

  • replacing_the_interest_rate_mechanism_in_monetary_policy_norhanim_abbas_khairul.pdf.jpg
  • Academic Proceeding


  • Authors: Mat Sari, Norhanim; Mirakhor, Abbas; Mohd Subky, Khairul Hafidzi (2017)

  • The current macroeconomic policies in Malaysia follow conventional model based on the risk-transfer and/or risk-shifting paradigm, as opposed to risk-sharing principles proposed in Islamic finance. Malaysia’s monetary policy relies and operates through short-term interest rates which is currently called the overnight policy rate (OPR) to achieve price stability. In order to become a global leader and an indisputable global hub for Islamic finance, there is a need to develop an alternative monetary policy framework for Malaysia that is Shariahbased. One of the key elements in doing so is to come up with an alternative Islamic Pricing Benchmark (IPB) that is free from interest rates. He...

  • IFHubEd6_resource_rich_muslim_countries_islamic_institutional_reforms_liza.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mydin, Liza (2017)

  • The Organization of the Islamic Cooperation (OIC) countries have high economic potential in various fields, including productive land, mining, energy, agriculture, human resources and financial means. Collectively, the member countries of the OIC contribute over 9% of the world's total GDP1 with 22.8% of the world's population. Saudi Arabia and the United Arab Emirates alone, contribute about 17% of world oil production2. It could be expected that the wealth of natural resources would position the oil-producing OIC countries at the forefront of economic performance and growth. Yet, their economic performance often falls behind other countries. Income disparity in the OIC countries has...

  • The_resurgence_of_Islamic_social_finance_Ziyaad.pdf.jpg
  • Industry Article


  • Authors: Mahomed, Ziyaad (2017)

  • The consistent growth of the global Islamic banking and finance has provided a niche market with solutions and financial inclusion through a well-defined Islamic ethos. Unfortunately, Islamic finance has been criticised for having diverted from its core principles of socio-economic empowerment and upliftment. As in mainstream interest-based finance, Islamic financing and advances rely on the customers' credit-worthiness and the ability to repay, inevitably supporting those with good credit standing to improve their financial status. But, how has Islamic finance improved the lot of the downtrodden? What about the ethical, socio-economic tenets that Islamic finance has so vociferously e...

  • reviving_ethics_islamic_finance_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2010)

  • When it comes to definitions of ethics, and business ethics in particular, we have relied in this paper on a quick survey of the literature. We also referred to other writings to explain how interest-based lending escaped religions morality in the west. After providing an Islamic perspective of ethics and business ethics, the article directs itself to the moral responsibilities of system participants. Naturally there is a great deal of soul searching to do and there are tough questions that must be answered by everyone. In this regard, more questions than answers are provided. As a result, the Islamic finance system is found to have deviated from its own ethics and must put some effor...

  • PhD_Riba_free_model_of_stabilization_and_growth_application_to_Senegal_Adama.pdf.jpg
  • PhD


  • Authors: Dieye, Adama (2017)

  • The thesis addresses the failure of a model of economic development in Senegal and many other developing countries. Despite decades of economic adjustment programs designed by international financial institutions and supported by donors, Senegal could not achieve sustained prosperity or show strong internal and external balances. The thesis proposes to break the vicious circle of weak economic growth, financial imbalances, high level of debt and poverty. Accordingly, it adopts an Islamic paradigm that offers far better prospects for macroeconomic growth and social justice ... Available in physical copy and downloadable format (Call Number: t HG 3368 A6 D567)

  • risk_management_and_derivatives.pdf.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath (2014)

  • This chapter examines risk management issues in Islamic banking and finance (IBF). It describes the current state of affairs, the available risk management tools and prescribes possible solutions where there are no risk management tools currently. It focuses on four key areas within IBF. These are: (1) net worth/profit rate risk of Islamic banks; (2) risks associated with sukuk portfolios; (3) equity risks of Islamic mutual funds; and (4) exchange rate risks of Shari'ah-compliant business entities.

  • item.jpg
  • Master


  • Authors: Hassaan, Mohamed (2015)

  • Financial intermediaries such as banks face different risks during the course of their business. Handling these risks become more challenging especially while operating in a competitive market environment. As Islamic banking industry is relatively new, an adequate regulatory and legal framework to support the industry is still lacking in many countries. Further the nature of risk faced by Islamic banks in certain circumstances is different at the organizational and product level as compared to their conventional counterparts ... Available in physical copy only (Call Number: t HD 61 M697)