Wael Kamal Eid, Mehmet Asutay

Mapping the Risks and Risk Management Practices in Islamic Banking

• Gebundenes Buch

Produktbeschreibung

Deep, insightful analysis of controversial risk management issues in Islamic banking
Mapping the Risks And Risk Management Practices In Islamic Banking is a comprehensive analysis of the current state of risk management practices within the Islamic banking industry, with recommendations for policy makers, bankers, and industry stakeholders. Going beyond the academic, this book presents the opinions and perceptions of industry financiers and bankers, alongside primary information and data collected by Islamic finance professionals to deconstruct and analyze the sector s current risk management practices. You ll get up to date on the latest attitudes and trends, and delve into the current issues surrounding risk management in Islamic banks. With a focus on practical applications, this authoritative guide discusses the unique risks facing Islamic banks, from the perspective of a wide range of practitioners.

Risk management is one of the biggest, most controversial issues in Islamic finance, yet it remains under-researched. Many uncertainties exist for which the answers are still unclear, yet will play a large role in shaping the industry s future. This book digs deep into current ideas and practices to discover what s being done, what needs to be done, and what needs to stop happening to keep the future of Islamic finance strong.

Explore both Islamic and traditional attitudes toward risk
Examine current Islamic risk management practices
Understand the latest industry issues and trends
Consider the diverse range of risks unique to the Islamic banking sector
Effective risk management in Islamic banking deserves priority attention. Unless the industry develops its own genuine risk management architecture, it cannot achieve its full potential and the viability needed for a more resilient financial system than the debunked Wall Street model. Mapping the Risks and Risk Management Practices in Islamic Banking provides a deep, authoritative analysis of where the industry is today and where it needs to develop.

Produktdetails

• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 500
• Erscheinungstermin: 18. Dezember 2017
• Englisch
• Abmessung: 231mm x 155mm x 30mm
• Gewicht: 776g
• ISBN-13: 9781119077817
• ISBN-10: 1119077818
• Artikelnr.: 42069682

Autorenporträt

DR. WAEL KAMAL EID is the Chief Risk Officer at SEDCO Holding, the Chairman of the Board Audit and Risk Committee of Al Nahdi Medical Company and a Member of Auto World Audit Committee. He is a risk specialist in Islamic banking who holds an MBA with Distinction from Warwick Business School, and a PhD in risk management from Durham University. He has extensive experience in Risk Management and Islamic banking in the Middle East and Europe. He is also a guest lecturer on Risk Management and Islamic Finance at distinguished universities and speaks regularly at international Risk Management events and conferences. Dr. Eid is the winner of the 2015 Golden Peacock Award for Risk Management by the prestigious Institute of Directors (IoD). DR. MEHMET ASUTAY is a Professor of Middle Eastern and Islamic Political Economy and Finance at the Durham University Business School; the Director of the Durham Centre in Islamic Economics and Finance; the Programme Director for MSc in Islamic Finance and MSc in Islamic Finance and Management programmes, and is also the Director of the Durham Islamic Finance Summer School. His teaching, research, publication, and supervision of research all falls within Islamic moral economy/Islamic economics, Islamic political economy, Islamic finance and banking, Islamic governance and management, and the Middle Eastern political economies. His articles on his research interest have been published in various international academic journals and professional magazines. Dr. Asutay has also published and edited books on aspects of Islamic moral economy and Islamic finance.

Inhaltsangabe

Foreword xi About the Authors xiii Chapter 1 Introduction: Research
Background and Motivation 1 Systemic Importance of Islamic Banking and
Finance 3 Research Aims, Objectives and Questions 5 Research Hypotheses 6
Significance of the Study 7 Overview of the Research Methodology 9 Overview
of the Research 10 Chapter 2 Principles of Islamic Banking and Finance 13
Historical Background of Islamic Banking and Finance 14 Size of the
Industry 17 Principles of Islamic Banking and Finance 20 Basic Islamic
Financing Contracts 20 Sukuk: A Step Toward Securitisation 25 Islamic
Banking Versus Conventional Banking 31 Institutional Developments in
Islamic Banking and Finance Industry 33 Conclusion 39 Chapter 3 Risk
Management in Islamic Banks: A Theoretical Perspective 41 Risk Management:
Basic Concepts and Techniques 44 Risk Management and the Credit Crunch 51
Classification of Risks 51 Risks Common to Both Islamic and Conventional
Banks 54 Further Risk Areas Specific to Islamic Banks 93 Risk Categories
are Entangled 106 Risk Management Issues in Sukuk 107 Risk Mitigation in
Islamic Banking 110 Surveying Risk Management Practices in Islamic Banks: A
Review of Empirical Research 120 Conclusion 123 Chapter 4 Capital Adequacy
for Islamic Banks: A Survey 127 Significance of Capital in Banking 128
Classification of Capital 129 Steps in the Basel Accord 130 Basel II and
Islamic Banks 138 Basel III 142 IFSB Principles on Capital Adequacy 143
Capital Adequacy as a Tool for Risk Mitigation 150 Conclusion 151 Chapter 5
Islamic Banking and the Financial Crisis 153 Understanding the Credit
Crisis 156 The Financial Crisis and the Need for an Alternative System 163
The Financial Crisis and Islamic Finance and Banking as an Alternative
Option 163 Deviations from the Foundational Shari'ah Principles: Evaluating
the Operations of Islamic Finance 173 How to Achieve the Full Potential of
Islamic Finance 177 Conclusion 181 Chapter 6 Research Framework and
Methodology 183 Research Questions and Objectives 183 Research Hypotheses
185 Research Methodology 191 Research Design 191 Research Strategy 193
Research Method 194 Difficulties and Limitations 210 Conclusion 211 Chapter
7 Profiling Perspectives of Risk Dimensions in Islamic Finance: Descriptive
Questionnaire Data Analysis 213 Data Analysis and Results 213 Conclusion
250 Chapter 8 Analysing Perceptions of Risk and Risk Management Dimensions
and Issues: Inferential Statistical Analysis 253 Risk Perception 254 Risk
Management and Reporting 295 Risk Measurement 301 Risk Mitigation 303
Islamic Banking in Practice 304 The Next Chapter in Islamic Banking 306
Conclusion 307 Chapter 9 Exploring Perceptions of Risk and Risk Management
Practices in Islamic Banking: Interview Data Analysis 309 Interview
Analysis 309 Forming the Main Interview Themes 310 Interview Questions 310
Results and Data Analysis 311 Conclusion 335 Chapter 10 Contextualising the
Findings: An Interpretative Discussion 337 Risk Perception in Islamic
Banking 337 Islamic Finance Contracts 345 Additional Risk Issues Facing
Islamic Financial Institutions 351 Capital Adequacy for Islamic Banks 353
Islamic Banking and the Global Credit Crisis 356 Risk Management and
Reporting 363 Risk Measurement 365 Risk Mitigation 367 Islamic Banking in
Practice 370 The Future of Islamic Banking 372 Conclusion and Summary 378
Chapter 11 Conclusion and Research Recommendations 381 Summary of the
Research 381 Reflecting on the Research Findings 382 Research Implications
and Recommendations 386 Limitations of the Study 389 Suggestions for Future
Research 390 Appendix 1: Questionnaire 393 List of Acronyms 401 Epilogue
403 Bibliography 405 Index 415