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Kathrin Nina Wiedl The Islamic banking system - Not conductive to the start-up of young, innovative business firms


Seminar paper from the year 2006 in the subject Orientalism / Sinology - Islamic Studies, grade: 1,3, Ben Gurion University (Middle East Institute), course: Middle East Economics, 81 entries in the bibliography, language: English, abstract: The Islamic banking system is a relatively young institution that gains influence not only in the Islamic world but also in non-Muslim countries with big Muslim communities. The first Islamic bank, Dubai Islamic Bank, was erected in 1975; today about 265 Islamic finance institutions operate in more than 70 countries, and their assets have increased more than 40-fold since 1982 to exceed $230 billion. More and more western banks erect Islamic branches; the first was Citibank in 1996. This paper discusses the influence of an Islamic banking system on the start-up of young, innovative businesses. A negative influence would hinder these businesses to develop - if not counterbalanced by other measures like state involvement. In non-Muslim countries it would constrain religious Muslims from participating in the contemporary economical changes, determined by an opening-up of markets and privatization, which requires the start-up of new businesses.The Islamic banking system operates according to Islamic law; hence several Islamic restrictions, the most important is the prohibition of riba (=interest), limit its freedom to develop suitable financing instruments for the support of young, innovative businesses.These restrictions enlarge the risk of t...

1539 RUR

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Nasar Mustafa Hashmi Islamic Banking Vs Interest Based in Countries


This book is a Comparative study of Islamic Banking and Interest based Banking in Islamic Countries. Islamic banking as in Islamic countries is more popular than any other type of banking. Whereas on the other hand interest based banking relates to the more operated in the whole world. This books tells about the significance of Islamic Banking over Interest Based Banking and covers all the basic facts and figures of Islamic banking and interest based banking.

9314 RUR

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Syeda Habib Fahmida Fundamentals of Islamic Finance and Banking


A comprehensive and fully up-to-date introductory textbook to Islamic finance and banking Islamic finance and banking is being used increasingly globally – especially in the regions of Middle East and North Africa, South East and South Asia. To cater to the need of trained Islamic finance staff, a large number of Educational institutions are beginning to offer courses, majors and minors in Islamic finance and banking. The major challenge faced by these institutions are suitable textbooks for both undergrad and post-grad levels and especially with the relevant instructor resources (PPTs, test bank, practice activities and answer keys). Luckily, Fundamentals of Islamic Finance and Banking is here to cover the most important topics related to Islamic finance and banking (IF&B) that are relevant for students of business, finance and banking. Offers an historical background of Islamic finance Covers the principles of Sharia Law as pertinent to finance and banking Provides in-depth discussion of the six key Islamic banking products: Murabaha, Mudaraba, Musharaka, Ijara, Salam and Istisna Discusses the Islamic insurance (Takaful) Gives an overview of Islamic investment, especially Sukuks Concludes with the global standing of the Islamic Finance and Banking industry Would-be colleges and universities offering this subject as a course within their finance and/or banking program can’t be without this invaluable guide.

4307.1 RUR

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Amr Mohamed El Tiby Ahmed Islamic Banking. How to Manage Risk and Improve Profitability


A detailed look at the fast-growing field of Islamic finance and banking The guiding principle of Islamic finance has existed throughout Islamic history, yet modern Islamic banking has been around for a relatively short period of time. Author Amr Mohamed El Tiby is an expert in this field, and with this new book, he reveals how you can benefit from the use of Islamic banking strategies in your financial endeavors. Engaging and accessible, Islamic Banking shows the impact this approach has made on conventional banking since the 1950s, and why it's such a big player in the current market. It offers a unique look at various aspects of this field, including the salient features of Islamic banking that distinguishes it from non-Islamic banking, the development of the regulatory bodies and supervisory agencies that support the Islamic banking system, and much more. It also explores the nature of risk in Islamic banking and the issues of capital adequacy, corporate governance, transparency, and risk associated with Islamic banking. Discusses the history and development of Islamic finance Offers straightforward strategies for implementing Islamic finance into your business activities Sheds light on the effect of the global economic crisis on Islamic banks versus conventional banks Filled with in-depth insights and expert advice, this detailed analysis of Islamic finance will help you gain a firm understanding of how effective this proven approach can be.

4638.41 RUR

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Muhammad Saleem Islamic Banking - A .300 Billion Deception


Книга "Islamic Banking - A $300 Billion Deception".Islamic banks currently control about $300 billion in assets. This book assesses the underlying rationale of Islamic banking, that the Quran prohibits all forms of interest. The author maintains that, first, a correct interpretation of the Quran, keeping in mind the context, would indicate that what the Quran prohibits is usury -exorbitant interest. Second, Islamic banks do not practice what they preach; they all charge interest, but disguised in Islamic garb. Thus they engage in deceptive and dishonest banking practices.The author also offers some policy recommendations, including the need for Ijtihad, Enlightenment, and critical thinking. Islamic banks, if they wish to practice genuine and authentic Islamic banking, should become more like venture capital firms.

827 RUR

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Natalie Schoon Modern Islamic Banking. Products and Processes in Practice


A complete, detailed guide to modern Islamic banking fundamentals Modern Islamic Bankingprovides a comprehensive, up-to-the-minute guide to the products, processes and legal doctrines underlying Islamic banking. Written by a pioneering practitioner in the field, this book provides thorough guidance and expert-level perspective on the principles and applications of this alternative-banking model. You'll begin by learning the fundamentals, vocabulary and key concepts of Islamic banking, then explore key products including istisna'a, murabaha, musharaka, ijara, sukuk, and salam. Coverage then moves into practical applications of Islamic products to a variety of contexts including asset management, treasury, risk management, venture capital, SME finance, micro-finance and taxation. Regulatory frameworks are discussed in detail, including extensive coverage of post-financial crisis Islamic bank valuation. Islamic banking has experienced rapid growth over the past decade, a trend that is set to continue given the sector's successful weathering of the financial crisis. This book brings you up to speed on this alternative way of banking, and shows you how it applies within your own current practices. Understand the principles of Islamic banking and finance Learn the products, vocabulary and key concepts of the field Consider the applications in a variety of financial contexts Explore the regulatory frameworks and valuation of Islamic banks Islamic banking practices differ from Western banking in fundamental ways – it's these differences that shielded the sector during the global crisis, but they also require practitioners to understand a whole new set of rules, products and practices. Modern Islamic Banking gives you a solid understanding of the fundamentals and expert insight into modern practical applications.

6626.3 RUR

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Imam Wahyudi Risk Management for Islamic Banks


Gain insight into the unique risk management challenges within the Islamic banking system Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East analyzes risk management strategies in Islamic banking, presented from the perspectives of different banking institutions. Using comprehensive global case studies, the book details the risks involving various banking institutions in Indonesia, Malaysia, UAE, Bahrain, Pakistan, and Saudi Arabia, pointing out the different management strategies that arise as a result of Islamic banking practices. Readers gain insight into risk management as a comprehensive system, and a process of interlinked continuous cycles that integrate into every business activity within Islamic banks. The unique processes inherent in Islamic banking bring about complex risks not experienced by traditional banks. From Shariah compliance, to equity participation contracts, to complicated sale contracts, Islamic banks face unique market risks. Risk Management for Islamic Banks covers the creation of an appropriate risk management environment, as well as a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting. The book begins with a discussion of the philosophy of risk management, then delves deeper into the issue with topics like: Risk management as an integrated system The history, framework, and process of risk management in Islamic banking Financing, operational, investment, and market risk Shariah compliance and associated risk The book also discusses the future potential and challenges of Islamic banking, and outlines the risk management pathway. As an examination of the wisdom, knowledge, and ideal practice of Islamic banking, Risk Management for Islamic Banks contains valuable insights for those active in the Islamic market.

5566.09 RUR

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Imam Wahyudi Risk Management for Islamic Banks. Recent Developments from Asia and the Middle East


Gain insight into the unique risk management challenges within the Islamic banking system Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East analyzes risk management strategies in Islamic banking, presented from the perspectives of different banking institutions. Using comprehensive global case studies, the book details the risks involving various banking institutions in Indonesia, Malaysia, UAE, Bahrain, Pakistan, and Saudi Arabia, pointing out the different management strategies that arise as a result of Islamic banking practices. Readers gain insight into risk management as a comprehensive system, and a process of interlinked continuous cycles that integrate into every business activity within Islamic banks. The unique processes inherent in Islamic banking bring about complex risks not experienced by traditional banks. From Shariah compliance, to equity participation contracts, to complicated sale contracts, Islamic banks face unique market risks. Risk Management for Islamic Banks covers the creation of an appropriate risk management environment, as well as a stage-based implementation strategy that includes risk identification, measurement, mitigation, monitoring, controlling, and reporting. The book begins with a discussion of the philosophy of risk management, then delves deeper into the issue with topics like: Risk management as an integrated system The history, framework, and process of risk management in Islamic banking Financing, operational, investment, and market risk Shariah compliance and associated risk The book also discusses the future potential and challenges of Islamic banking, and outlines the risk management pathway. As an examination of the wisdom, knowledge, and ideal practice of Islamic banking, Risk Management for Islamic Banks contains valuable insights for those active in the Islamic market.

5566.09 RUR

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Brian Kettell The Islamic Banking and Finance Workbook. Step-by-Step Exercises to help you Master the Fundamentals of


The ongoing turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation: Islamic banking and finance. This is now one of the fastest growing sectors within the market place and has, so far, remained on the sidelines of this unrest. Since the inception of Islamic banking thirty years ago the number and reach of Islamic financial institutions worldwide has risen significantly. Institutions offering Islamic financial services constitute a significant and growing share of the financial system in several countries, and market participants everywhere are joining the race to study and be a part of this emerging financial system. The Islamic Banking and Finance Workbook is a one-of-a-kind workbook on the topic, enabling readers to test their understanding of Islamic banking and finance concepts. Although suitable as a standalone learning tool, the book is designed to test the information covered in the companion book, Introduction to Islamic Finance and Banking, and covers the fundamentals of Sharia'a law, the Islamic contracts interpretations and definitions, Murabaha, Mudaraba, Musharaka, Istisna'a, Salam and Ijara modes of finance, Takaful and much more. Emphasis is placed on mini case studies, multiple choice questions and tests of the basic concepts. It also includes a full answer key and brief chapter summaries, as well as learning objectives. The Islamic Banking and Finance Workbook is an essential learning tool for students and practitioners who want to test their knowledge of the rapidly growing world of Islamic banking and finance.

3313.15 RUR

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Joseph Katie Implication of Sharia Compliant Banking for Liquidity Risk Management - The Case Meezan Bank


Master's Thesis from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: B, Oxford University, language: English, abstract: From the start of commercial banking since1970s Islamic banking and finance has revealed progressive expansion over the globe. Pakistan, as one of the largest Muslim nation in the world, has taken some policies and established some strategies in order to develop Islamic banking industry in the country.Islamic banking, like commercial banking, faces a number of implications that may influence their operational performance. One of such implications is liquidity risk that provides extra features in the situation of Islamic banking. Both the Sharia rules and the international standards of banking propose that banks must have some strong management policies concerning to implication of liquidity risk, such as a liability committee and reactive asset, system of internal control and useful information, and techniques for managing deposits to decrease liquidity on-demand, in order to manage the liquidity risk and its implications. The purpose of this study, therefore, is to analyze the liquidity risk management and its implications in Islamic banking. This objective is fulfilled through the case study of Meezan Bank in Pakistan Islamic banking industry.The methods of data collection and analysis in this study include a combination of qualitative and quantitative research methods to reach the aims and obje...

4214 RUR

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Avais Pervez Principles of Islamic Interest Free Banking in Pakistan


Islamic Banking, the Shariah (Islamic law) compliant banking for Muslims, is unarguably at the nascent stage of its development as a financial competitor and alternative to the conventional interest - based banking system practiced around the world. This research work looks into the principles of Islamic banks of Pakistan and focusing three Islamic Banks in Pakistan. The research work analyzes the findings of three banks made by interviews and compare with the conventional banking system, to check that are the principles different or same. This thesis is qualitative in nature, based on theoretical and empirical findings.

8239 RUR

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Chantal Ammi Banking Governance, Performance and Risk-Taking. Conventional Banks vs Islamic


Development of emerging countries is often enabled through non-conventional finance. Indeed, the prohibition of interest and some other impediments require understanding conventional finance and Islamic finance, which both seek to be ethical and socially responsible. Thus, comparing and understanding the features of Islamic banking and conventional banking, in a globalized economy, is fundamental. This book explains the features of both conventional and Islamic banking within the current international context. It also provides a comparative view of banking governance, performance and risk-taking of both finance systems. It will be of particular use to practitioners and researchers, as well as to organizations and companies who are interested in conventional and Islamic banking.

10071.55 RUR

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Abdifatah Mohamed Musse Awareness of Islamic banking products and services among non-Muslim students in selected northern universities Malaysia


Master's Thesis from the year 2015 in the subject Economics - Finance, grade: 98%, , course: Islamic Finance and Banking, language: English, abstract: Islamic financial industry has shown a positive growth that attracts many investors and clients worldwide. Malaysia, one of the pioneer members of this emerging industry, is also experiencing notable development in operating more than seventeen Islamic banking institutions.However, non-Muslim clients experience difficulties when it comes to understanding the overall system, principles, features and sophisticated Arabic terms that Islamic banks use. The purpose of this research is to examine the level of awareness, understanding, and perceptions of non-Muslims in selected northern universities of Malaysia towards Islamic banking products and services. In addition, this study also aims to investigate if there are any demographic factors that influence the awareness, understanding, and perceptions of Islamic Banking products and services among non-Muslim students in selected universities. The result shows that the vast majority of respondents are generally aware of Islamic banking products and services. Nevertheless, the result also indicates that non-Muslim students do not have enough knowledge and understanding of Arabic terms that Islamic Banks use in their products and services. The study found that there is a significant relationship between understanding and awareness. Furthermore, the results showed that there is no sig...

5452 RUR

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Bhoojedhur Sadhiska The Perception Towards Islamic Banking


Islamic banking was an abstract concept until the first half of the twentieth century. Nevertheless, it has now become a full-fledged financial system and has been playing the role as an active player in the world scene over the last three decades. It is seen by many as an emerging sector and a potential competitor to traditional banking in both Muslim and non-Muslim countries. The purpose of this book is to examine the level of awareness and perceptions of non-Muslims people in Mauritius towards Islamic banking and to investigate the influence of demographic factors on the awareness and perception of non-Muslims in Mauritius. This book tries to shed more light to the question as to whether non-Muslim individuals and groups that pursue ethical financial solutions have been attracted to Islamic Banking or not. In order for the perception to be favourable, it is important for people to have the proper knowledge of Islamic banking. This book is the first nationwide study conducted in regards to perceptions and awareness of non-Muslims towards Islamic banking in Mauritius and it will be of interest to Islamic bankers and to those wishing to conduct further studies on this topic.

7527 RUR

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Nicholas Guantai Strategies for Western Banks to Survive in Islamic Finance Environment


Research Paper (postgraduate) from the year 2013 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, , language: English, abstract: The current rapid growth rate of Islamic banking in the world market has made the banking approach a significant contributor to economic growth. However, few studies have been done to determine the extent to which conventional banks can survive in an Islamic banking environment. The purpose of this study was to assess the financial performance of financial institutions and relate it to their involvement in Islamic banking. The study took an explorative and a quantitative approach, whereby literature was acquired from online sources for use in assessing the current state of knowledge, and financial performance data for Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Goldman Sachs were acquired from Bloomberg BusinessWeek. The literature was reviewed in the literature review section while financial performance records were assessed using Microsoft Excel 2011 software package. The study findings determined that conventional banks have varying degrees of success in their Islamic banking ventures, whereby high levels of fluctuations characterize the institutions' financial records. According to the exponential growth of Goldman Sachs in 2012 upon the issuance of sukuks, it is relatively easy for conventional banks to achieve growth through offering of Islamic banking products. However, according to the study fin...

2927 RUR

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Mehar Ahmad Munir Islamic Banking . Finance


Islamic banking and finance is a fast growing industry which is developing persistently and has been competitive to achieve and maintain its growth momentum even in the time of great recession. Islamic banking and finance industry came into being with profit and loss sharing investment by Egypt's Mit Ghamr Saving Bank in 1963. Development of Islamic banking started after 1970 with new investment techniques, strategies and product development. Principles of Islamic banking is based on Islamic laws known as Shari`ah consisting three principles in regard to investment, banking or financial dealings which are prohibition of Riba (Interest), Gharar (uncertainty) Maysir (Speculation) and Unethical business. Islamic banking and finance in Australia is seen as a fast growing market since Westpac adopted their services in banking. It has great potential for development given Australia has abundant resources its strategic location, strong trade links and fast growing region in the world. Australia has a potential to facilitate further innovation and competition in the wholesale and retail banking sectors and to support Australian government's commitment towards credit market diversification.

8614 RUR

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Arthur Ritter Islamic Investments. An Overview and Comparison of Indices


Research Paper (postgraduate) from the year 2015 in the subject Business economics - Investment and Finance, grade: 18, University of St Andrews (School of Management), course: Alternative Investments, language: English, abstract: The following industry and market analysis is primarily based on the most recent Islamic Financial Services Industry Stability Report (2014) provided by the Islamic Financial Services Board.The total amount of assets in the Islamic financial industry was approximately $1.8 trillion by the end of 2013. The Islamic financial industry includes 4 major subcategories, Islamic banking, Sukuk (Islamic capital markets), Takaful (Islamic insurance) and Islamic Microfinance.By far the largest subcategory is Islamic banking with an estimate of 80% of all assets. The remaining 20% split up to Sukuk $245.3 billion, Islamic funds $68.9 billion and Takaful $18.3 billion. The Islamic financial industry is still very small in comparison to the traditional industry, however it is one of the fastest growing sectors with an Compound Annual Growth Rate (CAGR) of 17,04% between the years of 2009 and 2013. The growth in the Islamic banking industry was, on average, 20% after the recovery of the global financial crisis in 2009. Most of the assets are concentrated in Islamic countries like Gulf Cooperation Council and Malaysia. Beside these major players, other countries in the Middle East or North Africa showed a rapid growth or entered the market. Further growth, mentione...

2102 RUR

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Elryah Yagoub On the Competitiveness of Malaysian Islamic Banking and Liberalization


Malaysian Islamic banks have been gaining more competitiveness than ever before in 1990s under the context of financial liberalization. This book aims to examine the competitiveness of Islamic banking industry in Malaysia while taking the financial liberalization and regulatory reforms into consideration.

9477 RUR

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Faleel Jamaldeen Islamic Finance For Dummies


A detailed look at the fast-growing field of Islamic banking and finance The global Islamic finance market is now worth about $700 billion worldwide. Islamic Finance For Dummies helps experienced investors and new entrants into Islamic finance quickly get up to speed on this growing financial sector. Here, you'll find clear and easy-to-understand information on how you can incorporate Islamic finance products into your investment portfolio. You'll quickly and easily: become acquainted with the theory, practice, and limitations of Islamic banking; understand how to develop products for the Islamic financial industry; grasp the objectives and sources of Islamic law and the basic guidelines for business contacts; learn about Islamic fund management and insurance; and much more. Coverage of the role Islamic finance can play in the development of the financial system and of economies Addresses the risks and rewards in Islamic banking The future prospects and opportunities of the Islamic finance industry With the help of Islamic Finance For Dummies, you'll discover the fast and easy way to tap into the booming Islamic finance arena.

1788.44 RUR

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Brian Kettell Case Studies in Islamic Banking and Finance


Case Studies in Islamic Banking and Finance is a pioneering resource that provides practical insights into the real world of Islamic financial transactions, and illustrates the complexities of this rapidly growing mode of modern finance. Based around 12 individual cases, the book stimulates discussion and develops the reader's understanding of Islamic finance by contrasting the theoretical concepts discussed in the author's companion text Introduction to Islamic Banking and Finance with practical real world situations. The cases cover core Islamic banking and finance topics including the Ijara, Mudaraba and Musharaka contracts; Islamic mortgages for home finance; leverage; and issues involved in opening an Islamic bank. Financial statement analysis for Islamic banks, the implications for fund management for equity investing and the impact of loan defaults on Islamic and conventional banks are also included. Each chapter concludes with a set of questions designed to test the reader's understanding of each case, with suggested solutions at the end of the book. This book is a must have resource for those wishing to apply their understanding of this complex subject and is an essential read for anyone seeking practical examples of how to apply the concepts in a real world environment.

4704.67 RUR

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Daniel Ecke Islamic Banking. Grundlagen und Potenzial in Deutschland


Dieses Buch stellt das Islamic Banking als eine Alternative zum konventionellen bzw. westlichen Finanzsystem vor und untersucht ein eventuelles Potenzial für Islamic Banking in Deutschland. Das islamkonforme Finanzwesen untergliedert sich in die Bereiche "Islamic Insurance", "Islamic Capital Markets" und "Islamic Banking". Die Begriffe Islamic Banking und Islamic Finance werden in der Presse und Literatur oft gleichbedeutend verwendet. Jedoch beschreibt Islamic Finance die Gesamtheit aller Elemente, welche sich im islamkonformen Finanzwesen mit Finanzen beschäftigen. Unter Islamic Banking werden hingegen islamkonforme Bankgeschäfte zusammengefasst. Im ersten Teil des Buches wird ein kurzer Abriss der historischen Entwicklung des Islam vermittelt und dessen Rechtsquellen erläutert. Darauf aufbauend werden die historische Entwicklung islamkonform arbeitender Banken und Prinzipien, nach denen sie arbeiten, sowie die daraus resultierenden Vertragskonstruktionen dargestellt. Um dem Leser einen Einblick in die Praxis des Islamic Banking zu geben, werden in einem eigenen Kapitel reale Beispiele für islamkonforme Bank- und Finanzprodukte erklärt. Bezüglich des Potenzials für Islamic Banking in Deutschland wird zunächst die mögliche Kundengruppe, die in Deutschland lebenden Muslime, nach verschiedenen Faktoren, wie zum Beispiel Religiosität und Einkommen, untersucht. Anschließend erfolgt die Darstellung der Meinungen von Finanzinstituten zum Potenzial von Islam...

5152 RUR

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Zaman Nadeem Uz Islamic Banking and the Determinants of its Sustainable Growth


In the last two decades, Islamic banking all around the world has shown remarkable success in entering the mainstream market. Will the Islamic banks be able to sustain their growth in the future? This book describes the most important current issues and challenges facing Islamic banking in the world by offering insights into factors like the political and legal infrastructure, the current issues relating to the efficiency of Islamic banks, their competitiveness, effectiveness of their management, their Shariah-compliance image, opportunities/ areas for investment, the need for improved knowledge and inclination of the potential customers and the general trend of growth. These factors in turn determine if the Islamic banks will be able to sustain their growth in the future. Though the study relates to Balochistan, the results may well be generalized to the Islamic banking all over the globe. Therefore, this book offers students of management/ finance, teachers, bankers, policy makers and many other stakeholders dependable knowledge about the courses of action Islamic banks need to follow not only to maintain with their present-day success but also sustain their growth in the future.

7139 RUR

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Abdulrahim Aminu The Accounting Framework of Islamic Finance in Nigeria


There had been a need to put in place a proper Islamic accounting framework, as it is vital for the Islamic institutions to adopt proper Islamic accounting standards. The article will highlight the concept and key principles of Islamic banking and finance; discuss the development of the conceptual Framework for accounting for Islamic Finance, some of the main issues in the accounting for Islamic modes of finance in accordance with Islamic Shari'a rules and principle and Basic assumptions and criteria for Islamic accounting

8914 RUR

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AHMAD KALEEM MONETARY STABILITY UNDER DUAL BANKING SYSTEM


The pivotal objective of any financial system is to maintain a stable and efficient framework for the distribution and allocation of scarce monetary resources. This book attempts to examine the monetary stability process under the dual banking system. It selects Malaysia as a case where the government aims to run Islamic and conventional banking systems on a parallel basis. The book starts from investigating factors that have affected Islamic and conventional banks deposits held under various schemes. It then defines and develops new Islamic and conventional (M1 and M2) intermediate aggregates and compares their performances. This section also embraces the areas such as developing equations to calculate demand for money, the Central Bank of Malaysia's controllability over Islamic and conventional intermediate aggregates and lastly the effectiveness of both types of intermediate aggregates in achieving economic targets controlling inflation in short-term).

9314 RUR

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Brian Kettell Introduction to Islamic Banking and Finance


Introduction to Islamic Banking and Finance is a succinct guide to the key characteristics of Islamic banking highlighting how these differ from conventional banking. This detailed book illustrates how Islamic banking is consistent with the Sharia'a, a key element of which is the prohibition on collecting and paying interest. This central religious precept appears to rule out most aspects of modern finance but it does allow money to be used for trading tangible assets and business, which can then generate a profit. Brian Kettell's book looks at all aspects of Islamic banking, including chapters on its creation and evolution through to detailed discussions of the issues involved in the Sharia'a contracts of Murabaha, Mudaraba, Musharaka, Ijara, Istisna'a, and Salam. Islamic insurance (Takaful) is also covered. Finally the book takes a look at Sharia'a law and Sharia'a boards, indicating the roles and responsibilities that come with membership. Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia and Dubai for some time. Conventional bankers have traditionally viewed the sector as a small, exotic niche but recent years have seen a dramatic surge in popularity. A number of Western investment banks have started working with Muslim clerics to create new ranges of financial products designed for devout Muslims, a large and growing market. Although estimates of the size of the Islamic finance industry vary greatly, everyone agrees that it is expanding rapidly and this is the perfect book for anyone looking to understand the industry.

4307.1 RUR

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Ronny Konzack Islamic Banking


Diplomarbeit aus dem Jahr 2012 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 1,3, DIPLOMA Fachhochschule Nordhessen; Abt. Kassel , Sprache: Deutsch, Abstract: Seit dem Auftauchen der islamischen Kreditinstitute in ihrer modernen Form zeigt sich weltweit eine dynamische Entwicklung im Islamic Banking. Die islamischen Finanzinstitutionen wurden zu einer großen ökonomischen Macht. Diese Entwicklung macht sich insbesondere durch die Integration des islamischen Finanzwesens in der globalen Finanzwirtschaft und der Zunahme an schariakonformen Kapitalmarktprodukten bemerkbar. Zwei der Top Banken nämlich die islamische Bank Islam Malaysia Berhad (BIMB) und die konventionelle Bank namens Maybank Islamic Berhad sind in Malaysia zu finden. In Malaysia beginnt die Erfolgsgeschichte des Islamic Banking im Jahr 1983 mit der Einführung der gesetzlichen Grundlage, dem Islamic Banking Act. Darauf folgte die erste islamische Bank. Es lassen sich in den letzten Jahren Schlagzeilen lesen wie „Malaysia becoming lead Sukuk destination" oder „Malaysia shows the way forward" sowie „Malaysia takes the lead". Daher stellt sich die Frage, was sich hinter dem Phänomen des Islamic Banking in Malaysia verbirgt und welche Erfolgsfaktoren für Malaysia gegenüber anderen asiatischen Ländern sprechen.

4602 RUR

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Abdurahman Jemal Yesuf Interest-Free Banking


Today, interest-free banking has become an undeniable reality. It has been introduced and accepted widely in many countries of the world including Muslims as well as non-Muslim dominated countries. The underlying principle of Islamic banks is the principle of justice which is an essential requirement for all kinds of Islamic financing. The prohibition of interest and speculation, as well as the sharing of profit and loss between the bank and the customer, are the basic principles. The Islamic financial system employs the concept of participating in lawful business opportunities, utilizing the funds at risk on a profit-and-loss-sharing basis. Through this system, Islamic banking opens windows of opportunities for countries who have implemented it. However, to achieve such benefits, suitable working environment is a mandatory. The financial environment should be free from obstacles and it should be well-situated for the banking system and it should permit all the activities of the bank to be implemented.

9052 RUR

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Md. Mustafizur Rahman General Banking of Islami Bank Bangladesh Limited


Bangladesh is one of the largest Muslim countries in the world. The people of this country are deeply committed to Islamic way of life. The establishment of Islami Bank Bangladesh limited is the true reflection of this inner urge of its people. This bank is the first of its kind in Southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest free profit-loss sharing system as prescribed in Islam. With the active cooperation and participation of Islamic Development Bank (IDB) and some other Islamic banks, financial institutions, government bodies and eminent personalities of the Middle East and the Gulf countries, Islami Bank Bangladesh Limited at present has earned the unique position of a leading private commercial bank in Bangladesh.This book talks on the differences between Conventional and Islamic Banking system and also represents the general banking activities followed by Islami Bank Bangladesh Limited especially emphasizing on it's Jamalpur Branch.

4749 RUR

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