Islamic Finance in the Global Economy

Islamic Finance in the Global Economy PDF

Author: Ibrahim Warde

Publisher: Edinburgh University Press

Published: 2014-03-11

Total Pages: 288

ISBN-13: 0748696474

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A second edition of Islamic Finance in the Global Economy, substantially revised and updated to take into account the recent developments in the field.

Towards a Post-Covid Global Financial System

Towards a Post-Covid Global Financial System PDF

Author: M. Kabir Hassan

Publisher: Emerald Group Publishing

Published: 2022-01-20

Total Pages: 328

ISBN-13: 1800716257

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In Towards a Post-Covid Global Financial System a team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.

Islamic Finance in the Global Economy

Islamic Finance in the Global Economy PDF

Author: Faisal Ansari

Publisher: Koros Press

Published: 2013-04

Total Pages: 300

ISBN-13: 9781781633755

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Islamic finance has grown at an annual rate that exceeds twenty percent a year and is now a two hundred billion dollar industry operating in more than seventy countries. A best-selling text that introduces the role of Islamic finance in the global economy, this book unravels the paradox of a thriving system rooted in medieval practice.

The Global Financial Crisis and the Islamic Finance

The Global Financial Crisis and the Islamic Finance PDF

Author: Hussein Elasrag

Publisher: Hussein Elasrag

Published: 2018-02-08

Total Pages: 122

ISBN-13: 8827566910

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The world economy is still suffering the crisis, considered the most severe since the Great Depression, where economic downturn at historic magnitude and many countries across the globe, irrespective of their development level, are still under strain dealing with this crisis.This book tries to note the main causes and the impacts of the current financial and economic crisis. In addition to discuss the belief that the Islamic Finance and its prospective is a viable alternative to the ailing global financial system

Gulf Capital and Islamic Finance: The Rise of the New Global Players

Gulf Capital and Islamic Finance: The Rise of the New Global Players PDF

Author: Aamir A. Rehman

Publisher: McGraw Hill Professional

Published: 2010-01-08

Total Pages: 352

ISBN-13: 0071713247

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A detailed overview of Sharia-compliant finance—one of today’s most dynamic and influential sectors Islamic banks, which are becoming increasingly wealthier, are ever in search of sharia-compliant investments. In order to capitalize on this new development, investing professionals must familiarize themselves with this burgeoning investing method. Gulf Capital & Islamic Finance introduces bankers, money managers, and investors to the strategic and technical aspects of Islamic finance, covering a broad range of vehicles, including Islamic bonds, Sukuks, ETFs, and takaful (Islamic insurance). In an era of evaporating liquidity and endless adjustments to economic crises, Islamic finance is one of the few areas that continues to grow.

The Islamic Finance Handbook

The Islamic Finance Handbook PDF

Author: REDmoney

Publisher: John Wiley & Sons

Published: 2014-04-07

Total Pages: 578

ISBN-13: 1118814436

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Get up to speed quickly on the world's fastest growing financial sector The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is the definitive report for the Islamic finance industry. Written by the industry's leading practitioners, the book provides a country-by-country breakdown of the current state of the Islamic market, including league tables by region and by country. Relevant case studies are used throughout to illustrate the practical aspect of the information presented. Organized for easy navigation, each chapter features sub-sections that allow instant comparison between countries in a specific area of interest. The Islamic finance industry is the world's fastest growing sector, valued at over U.S. $1.3 trillion by the UK Islamic Finance secretariat, with an annual growth of 24% for the past five years. To compete globally, practitioners need a true understanding of key markets within the industry. The Islamic Finance Handbook paints a clear picture of where each country stands in its development and role within the market, and provides a straightforward comparison between markets. Features include: Current macroeconomic and microeconomic conditions Regulatory and political situations Recent transactions, key participants, and the investor climate Real-world cases, as opposed to speculative scenarios The book places a clear focus on current conditions versus past performance, and on practical applications versus theoretical speculation. Each chapter is authored by a leading practitioner from within each country, allowing a true glimpse inside the day-to-day workings of the Islamic markets. For finance professionals who need to get up to speed on this rapidly growing sector, The Islamic Finance Handbook: A Practitioner's Guide to the Global Markets is a clear, comprehensive guide.

Globalization and Islamic Finance

Globalization and Islamic Finance PDF

Author: Hossein Askari

Publisher: John Wiley & Sons

Published: 2011-11-11

Total Pages: 225

ISBN-13: 1118178904

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This is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems. Dr. Umer Chapra Prominent Scholar of Islamic Economics and currently Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) Globalization and Islamic Finance, by three well-respected authors in Islamic finance, provides a thought-provoking analysis of an important and topical issue, particularly, given the global impact of the current financial and economic crises. The book is the first attempt to make a compelling case of convergence between globalization and Islamic finance. Askari, Iqbal and Mirakhor should be praised for this serious effort, which is a must-read for academics and practitioners interested in Islamic finance. Professor Rifaat Ahmed Abdel Karim Secretary General Islamic Financial Services Board (IFSB) This book has a robust discussion of the growth and spread of Islamic finance within the umbrella of globalization. The book provides a unique view of Islamic finance, not only from the perspective of how Islamic finance fits within globalization in general, but globalization of finance in particular. This is a must read for anyone interested in the complex and complicated world of Islamic finance. Scheherazade S. Rehman, Ph.D. Director, European Union Research Center Professor of International Finance, School of Business The George Washington University I have not come across any literature that has delved so intensely in financial globalization, in particular Islamic finance. Due to this reason, I would encourage all interested in this area to read this book. Hajah Salma Latiff Managing Director, Crescent Sdn. Bhd. Former Director, Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam The recent crisis has evoked wide interest in Islamic finance publications. Globalization and Islamic Finance is both timely and needed. Sani Hamid Director, Wealth Management Financial Alliance (Singapore)

Islamic Finance and Global Capitalism

Islamic Finance and Global Capitalism PDF

Author: James Simon Watkins

Publisher: Springer Nature

Published: 2020-11-23

Total Pages: 533

ISBN-13: 3030598403

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This book examines whether Islamic finance and Islamic economics is challenging the orthodoxy of the money markets. Can ethical finance combined with the prohibition on interest and speculation really work in the global economy? With a political economy approach, the book explores how the industry has grown in modern times – from a short-lived bank in an Egyptian city in the 1960s through to a global industry that is today valued at US$2.05 trillion. From the revelation as articulated by the Prophet Muhammed in the seventh century through to the gleaming 21st century skyscrapers of Dubai and Kuala Lumpur, the book covers the end of European colonialism, the controversial utterances of self-styled religious leaders, the impact of Islamophobia, and the efforts to end poverty through Islamic microfinance. The book uncovers an industry that is both profitable and changing the face of contemporary capitalism.

Public Finance and Islamic Capital Markets

Public Finance and Islamic Capital Markets PDF

Author: Syed Aun R. Rizvi

Publisher: Springer

Published: 2016-11-01

Total Pages: 185

ISBN-13: 1137553421

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This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth. Rizvi, Bacha, and Mirakhor guide readers chronologically through the unfolding effects of macroeconomic policy implemented to reduce crippling sovereign debt, increase government financing, and guide governments to the path of economic progress.

Islamic Finance in the Light of Modern Economic Theory

Islamic Finance in the Light of Modern Economic Theory PDF

Author: Suren Basov

Publisher: Springer

Published: 2016-12-01

Total Pages: 173

ISBN-13: 1137286628

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This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators. Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions.