Islamic Finance: The New Regulatory Challenge (Wiley Finance)
| Author | : | |
| Rating | : | 4.47 (575 Votes) |
| Asin | : | B00CG2LW0M |
| Format Type | : | |
| Number of Pages | : | 560 Pages |
| Publish Date | : | 2015-08-19 |
| Language | : | English |
DESCRIPTION:
It is also a valuable resource for finance professionals and investors interested in capitalising on the many exciting opportunities available now and in the years ahead in the burgeoning Islamic finance sector.. In a series of interconnected essays, such luminaries as Volker Nienhaus, Peter Casey, John Board, and Baljeet Kaur Grewal (KFH Research) provide in-depth coverage of the full range of critical regulatory and related issues surrounding twenty-first century Islamic banking, finance and financial markets, including:Problems for new Islamic financial products posed by traditional regulatory frameworksPotential conflicts between Shari'ah rulings and standardised Islamic banking practicesShortcomings of conventional regulatory frameworks when applied to Islamic financial servicesThe ongoing development of standa
From the world's foremost authorities on the subject, the number-one guide to Islamic finance revised and updated for a post-crisis worldBecause it is entirely equity-based, rather than credit-based, Islamic finance is immune to the speculative bubbles and runaway volatility typical of Western finance. This thoroughly updated and revised second edition of the premier guide to regulatory issues in Islamic finance satisfies that need.Addresses the need for banks to develop common Islamic-based international accounting and auditing standardsClearly explains the key differences between Shari'ah rulings, standardization of acceptable banking practices, and the development of standardized financial productsExplores the role of the Shari'ah Boards in establishing common rules regarding the permissibility of financial instruments and marketsOffers guidance for regulators seeking to adapt their regulatory frameworks to the needs of the fast-growing Islamic finance sector. Especially now, in the wake of the global financial crisis, this has made them increasingly attractive to institutional investors, asset managers and hedge funds in search of more stable alternatives to conventional financial products. With interest in Islamic finance swiftly spreadi
He has been Visiting Professor, ICMA Centre, Henley Business School, University of Reading, UK, since 2008. He was secretary-general of the Islamic Financial Services Board (ISFB) and secretary-general of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). Professor Archer studied Philosophy, Politics and Economics at Oxford University, and worked as a Chartered Accountant with Arthur Andersen in London before moving to Price Waterhouse, Paris, wh