eBook - ePub

Economic Capital and Risk Management in Islamic Finance

Name: Economic Capital and Risk Management in Islamic Finance
ISBN: 9781003858225

Abdul Ghafar Ismail,

Muhamed Zulkhibri,

278 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Economic Capital and Risk Management in Islamic Finance

Abdul Ghafar Ismail,

Muhamed Zulkhibri,

About this book

Economic capital is the subject of great debate among academics and professionals in the field of risk management. Conceptually, Islamic finance's encouragement of risk-sharing eliminates the debt burden encountered by the conventional banking sector. The majority of the Islamic banking system is based on equity-based financing. To be effective in practice, a variety of well-functioning institutions are required to translate Islamic banking concepts into a 'real-world' financial system. In spite of this, the regulatory, legal, product and operational requirements specific to Islamic banks may necessitate a distinct strategy for managing capital-related risks. This book provides a comprehensive review of the theoretical and practical aspects of Islamic economic capital in relation to contemporary Islamic finance.

Drawing on the risk-sharing concept, this book delves into the core concept of economic capital from an Islamic perspective, including comparisons to conventional finance theory. Furthermore, it introduces alternative models and offers practical examples to strengthen the regulation and supervision of the Islamic banking system. It also addresses critical policy challenges concerning economic capital in Islamic finance, especially in dual banking countries. This book seamlessly integrates new theory with empirical insights and discusses emerging themes, including stress testing and Shari'ah compliance issues. Most of the chapters are illustrated with real-world cases and practical examples.

This book is intended for advanced degree students in finance, and investment professionals, as well as financial practitioners and advisors, particularly those who are pursuing Islamic economics and finance courses.

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Yes, you can access Economic Capital and Risk Management in Islamic Finance by Abdul Ghafar Ismail,Muhamed Zulkhibri in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.