Islamic finance and economic development risk management, regulation, and corporate governance
Islamic finance, like conventional finance is a business of financial intermediation. Its distinctive features relate to the requirement that it abides by Shari'a rules that promote fairness of contracts and prevention of exploitation, sharing of risks and rewards, prohibition of interests, and...
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| Format: | eBook |
| Language: | English |
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Hoboken, NJ
J. Wiley & Sons
2015
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| Series: | Wiley finance
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| Collection: | O'Reilly - Collection details see MPG.ReNa |
| Summary: | Islamic finance, like conventional finance is a business of financial intermediation. Its distinctive features relate to the requirement that it abides by Shari'a rules that promote fairness of contracts and prevention of exploitation, sharing of risks and rewards, prohibition of interests, and tangible economic purpose. Islamic finance should not fund activities considered "haram" or sinful. The book expounds on how these distinctive features bear on the opportunities and challenges facing the Islamic finance industry's development, risk management, regulation and corporate governance. Covers the history and basics of Islamic finance, and provides insight into current conditions and future landscape; Explores regulatory framework, including opportunities and challenges for the industry's development and mainstreaming; Presents an approach to developing a systemic Shari'a governance framework to govern operations in the Islamic finance industry.-- |
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| Physical Description: | 1 volume illustrations |
| ISBN: | 9781306639187 1118847261 9781118847268 1306639182 |