Islamic Finance: The New Regulatory Challenge (Wiley Finance)
| Author | : | |
| Rating | : | 4.85 (658 Votes) |
| Asin | : | B00CG2LW0M |
| Format Type | : | |
| Number of Pages | : | 461 Pages |
| Publish Date | : | 2016-01-30 |
| 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 the wake of the global financial crisis, this has made Islamic finance highly 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 spreading beyond the Muslim world, and with the emergence of a new generation of innovative Islamic financial instruments and markets, the need among finance professionals and individual investors has never been greater for timely and authoritative information about the core principles, ethical foundations, and the regulat
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. 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.
He served as Professor of Financial Management at the University of Surrey and worked as Midland Bank Professor of Financial Sector Accounting at University of Wales, Bangor. He has been Visiting Professor, ICMA Centre, Henley Business School, University of Reading, UK, since 2008. He has consulted to the Accounting and