El Tiby Ahmed / Grais Islamic Finance and Economic Development

Risk, Regulation, and Corporate Governance
1. Auflage 2014
ISBN: 978-1-118-84719-0
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

Reihe: Wiley Finance Editions

A comprehensive guide to mitigating risk and fostering growthin the Islamic financial sector
Islamic finance, like conventional finance is a business offinancial intermediation. Its distinctive features relate tothe requirement that it abides by Shari'a rules that promotefairness of contracts and prevention of exploitation, sharing ofrisks and rewards, prohibition of interests, and tangible economicpurpose. Islamic finance should not fund activities considered"haram" or sinful. In Islamic Finance and EconomicDevelopment: Risk, Regulation, and Corporate Governance,authors Amr Mohamed El Tiby and Wafik M. Grais expound how thesedistinctive features bear on the opportunities and challengesfacing the Islamic finance industry'sdevelopment, risk management, regulation and corporategovernance.
An experienced banker with various Middle East bankinginstitutions, notably as former Vice President at UAE UnionNational Bank and Mashreq bank, Dr. El Tiby offers aninformed perspective on corporate finance from within theIslamic finance industry. With a long experience in internationaldevelopment and finance, notably as former Director at the WorldBank and Founder and Chairman of a Cairo-based FinancialAdvisors company, Dr. Grais brings global financial experience onthe topics of financial systems assessments, corporate governance,Islamic finance, and public policy.
* Covers the history and basics of Islamic finance, and providesinsight into current conditions and future landscape
* Explores regulatory framework, including opportunities andchallenges for the industry's development andmainstreaming
* Presents an approach to developing a systemic Shari'agovernance framework to govern operations in the Islamic finance industry

Autoren/Hrsg.

El Tiby Ahmed, Amr Mohamed

Grais, Wafik

Inhaltsverzeichnis

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'sDevelopment 19
PART TWO Managing Systemic Risks 51
CHAPTER 3 Risks, Spillovers, and Distress 55
CHAPTER 4 Coping with Crises: Policies, Institutions, andMarkets 67
PART THREE Regulatory Challenges 93
CHAPTER 5 The Dilemma of Tailor-Made versus MainstreamRegulation 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 Compliance145
CHAPTER 9 Toward a Systemic Shari'a Governance Framework181
APPENDIX Islamic Finance: The International Landscape 205
References 217
Index 231

Über Autor(innen)

AMR EL TIBY earned his B.A in Commerce from CairoUniversity in 1980, majoring in Business. He earned his Diploma inFinance from Cairo University in 1985 and his MA in Economics fromThe American University in Cairo in 2003. In 2009, he earned hisPhD from The American University in London. Dr. El Tiby has over 30years of banking experience in the Middle East and the Gulf Regionin both conventional as well as Islamic finance. His area ofresearch focuses on banking risk and regulations. He is also theauthor of Islamic Banking, published by Wiley in 2011.
WAFIK M. GRAIS is senior international adviser onfinance, investments and public policy. He was founder and chairmanof Viveris Mashrek Financial Advisors. He held senior positions atthe World Bank in Washington, DC, where he notably managed countryprograms on countries of the Middle East and North Africa as wellas Europe and Central Asia. He has been published on the subjectsof finance, corporate governance, Islamic finance, macroeconomicpolicy, and energy policies. He holds a PhD in Economics anddegrees in Mathematical Economics and Political Science from theUniversity of Geneva.