Islamic Finance and Economic Development (eBook)

Risk, Regulation, and Corporate Governance

Amr Mohamed El Tiby Ahmed, Wafik Grais (Autoren)

eBook Download: EPUB | PDF

2014 | 1. Auflage
256 Seiten
John Wiley & Sons (Verlag)
978-1-118-84718-3 (ISBN)

Infos

A comprehensive guide to mitigating risk and fostering growth
in the Islamic financial sector

Islamic finance, like conventional finance is a business of
financial intermediation. Its distinctive features relate to
the requirement that it abides by Shari'a rules that promote
fairness of contracts and prevention of exploitation, sharing of
risks and rewards, prohibition of interests, and tangible economic
purpose. Islamic finance should not fund activities considered
"haram" or sinful. In Islamic Finance and Economic
Development: Risk, Regulation, and Corporate Governance,
authors Amr Mohamed El Tiby and Wafik M. Grais expound how these
distinctive features bear on the opportunities and challenges
facing the Islamic finance industry's
development, risk management, regulation and corporate
governance.

An experienced banker with various Middle East banking
institutions, notably as former Vice President at UAE Union
National Bank and Mashreq bank, Dr. El Tiby offers an
informed perspective on corporate finance from within the
Islamic finance industry. With a long experience in international
development and finance, notably as former Director at the World
Bank and Founder and Chairman of a Cairo-based Financial
Advisors company, Dr. Grais brings global financial experience on
the topics of financial systems assessments, corporate governance,
Islamic finance, and public policy.

* Covers the history and basics of Islamic finance, and provides
insight into current conditions and future landscape

* Explores regulatory framework, including opportunities and
challenges for the industry's development and
mainstreaming

* Presents an approach to developing a systemic Shari'a
governance framework to govern operations in the Islamic finance
industry

Autor

AMR EL TIBY earned his B.A in Commerce from Cairo University in 1980, majoring in Business. He earned his Diploma in Finance from Cairo University in 1985 and his MA in Economics from The American University in Cairo in 2003. In 2009, he earned his PhD from The American University in London. Dr. El Tiby has over 30 years of banking experience in the Middle East and the Gulf Region in both conventional as well as Islamic finance. His area of research focuses on banking risk and regulations. He is also the author of Islamic Banking, published by Wiley in 2011. WAFIK M. GRAIS is senior international adviser on finance, investments and public policy. He was founder and chairman of Viveris Mashrek Financial Advisors. He held senior positions at the World Bank in Washington, DC, where he notably managed country programs on countries of the Middle East and North Africa as well as Europe and Central Asia. He has been published on the subjects of finance, corporate governance, Islamic finance, macroeconomic policy, and energy policies. He holds a PhD in Economics and degrees in Mathematical Economics and Political Science from the University of Geneva.

Inhalt

Preface ix

Acknowledgments xv

Acronyms xvii

About the Authors xxi

PART ONE Emergence of Modern Islamic Finance 1

CHAPTER 1 History and Core Principles of Islamic Finance 3

CHAPTER 2 Islamic Finance: Opportunity for Egypt's
Development 19

PART TWO Managing Systemic Risks 51

CHAPTER 3 Risks, Spillovers, and Distress 55

CHAPTER 4 Coping with Crises: Policies, Institutions, and
Markets 67

PART THREE Regulatory Challenges 93

CHAPTER 5 The Dilemma of Tailor-Made versus Mainstream
Regulation 95

CHAPTER 6 Toward an Enabling Framework 107

PART FOUR Corporate Governance 121

CHAPTER 7 Financial Fiduciary Governance 123

CHAPTER 8 Corporate Governance and Shari'a Compliance
145

CHAPTER 9 Toward a Systemic Shari'a Governance Framework
181

APPENDIX Islamic Finance: The International Landscape 205

References 217

Index 231

Produkt-Details

• Erscheint lt. Verlag: 10.4.2014
• Reihe/Serie: Wiley Finance Editions
• Reihe/Serie: Wiley Finance Editions
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Finance & Investments • Finance & Investments Special Topics • Finanz- u. Anlagewesen • Finanzwesen • Spezialthemen Finanz- u. Anlagewesen
• ISBN-10: 1-118-84718-0 / 1118847180
• ISBN-13: 978-1-118-84718-3 / 9781118847183