Islamic Banking and Finance Definitive Texts and Cases

by Masood, Omar

• ISBN13: 9780230338395
• ISBN10: 0230338399
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-11-15
• Publisher: Palgrave Macmillan

Summary

Islamic banking has seen rapid growth during the last two decades. The growth of Islamic banking is a result of economic growth in the Islamic world, fuelled primarily by oil wealth. The main issues of concern surrounding this growth are the conceptual framework and viability of interest-free banking and the assessment of its performance in the future. In a world where conventional interest-based finance is the dominant framework, Islamic banking faces many challenges. This book is the first to address different Islamic banking issues from both the researchers and practitioners' perspective across the world, reviewing their past experiences of Islamic banks, to provide an objective assessment of their success and failure, and to discuss the contemporary issues and challenges confronting them. Islamic banking system is not only popular within Islamic banks itself, but is also popular with in international and other conventional banks. A majority of international banks are adopting Islamic banking in order to serve their new clients with their specific needs. Examples of such banks are Citibank and HSBC which starts their Islamic operations worldwide to expand their business.

Author Biography

Omar Masood is the director of the Centre of Islamic Banking and Finance at the Royal Docks Business School, University of East London. He is a lead advisor and trainer in the area of Islamic banking and finance worldwide for financial as well as academic institutions. He has also authored a number of books including the bestselling Truth about the Global Financial Crisis.

Table of Contents

An Introduction to Islamic Banking & Finance	p. 1
Islamic Banking, Finance & Financial Intermediation: Developments & Risk Management	p. 7
Productivity Growth in the GCC Banking Industry, 1999-2007: Conventional vs. Islamic Banks	p. 69
Analysis of the Growth & Rise of Smaller Islamic Banks in the Last Decade	p. 97
The Development & Scope of Islamic Bank Bonds (Sukuk)	p. 111
Risk-Based Supervision for Islamic Banking & Areas of Concern	p. 143
Iran's Islamic Banking Experience & the Future	p. 185
Islamic Banking Structure & Growth in the Sudanese Islamic Banking Sector	p. 193
Islamic Mortgages	p. 209
The Role of Islamic Mortgages in the United Kingdom	p. 225
The Islamic Bank of Britain: A Case Study	p. 243
Example of Financial Risk-Management Policies of an Islamic Bank	p. 257
Questionnaire for Banking Professionals	p. 261
Notes	p. 263
References	p. 269
Index	p. 291
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