Financial risk management for Islamic banking and finance
 Series Palgrave Macmillan finance and capital markets series
 Author: Akkizidis, Ioannis S.
 Format: Book
 Published: Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2008.
 Language: English
 Summary:
"Risk management for Islamic banking financial products and services is one of the greatest challenges that many westernised, as well as Islamic banks, are facing today. This book presents a common framework on how to efficiently manage the risks faced and minimise the overall degree of Islamic financial risks. It is a valuable guide for those working in both non-Islamic... (see more)

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Duke
Ford Library Stacks HD61 .A417 2008 c.1 Available
 
Authors
Series
Item Description
  • xxix, 220 p. : ill. ; 25 cm.
  • ISBN: 0230553818 (alk. paper)
  • ISBN: 9780230553811 (alk. paper)
  • OCLC Number: 182621557
Notes
  • Includes bibliographical references and index.
Related Items
DUKE003963256
Table of Contents
  • List of Tables (p. x)
  • List of Figures (p. xii)
  • Foreword (Agil Natt) (p. xiv)
  • Foreword (Amgad S. Younes) (p. xvi)
  • Preface (p. xviii)
  • About the Authors (p. xxiv)
  • Acknowledgements (p. xxvi)
  • Abbreviations (p. xxviii)
  • 1. Principles of Islamic Finance (p. 1)
  • Introduction (p. 1)
  • 2. Risk Management Issues in Islamic Financial Contracts (p. 28)
  • Introduction (p. 28)
  • An overview of financial risks (p. 30)
  • Identifying risks in Islamic finance (p. 36)
  • Risk of non-compliance with Shariah rules (p. 41)
  • Main elements used in financial risk analysis (p. 41)
  • Musharakah contracts of partnership and financial risks (p. 42)
  • Mudarabah contracts of partnership (p. 49)
  • Murabaha contract agreements and financial risk (p. 54)
  • Salam contract agreements and financial risk (p. 58)
  • Istisna contracts and financial risks (p. 63)
  • Ijarah contract agreement and financial risk (p. 68)
  • 3. Basel II and IFSB for Islamic Financial Risk (p. 80)
  • Introduction (p. 80)
  • The Basel accord (p. 82)
  • Risk management according to Basel II and the Islamic financial industry (p. 83)
  • The three pillars of Basel II (p. 84)
  • Pillar 2: Supervisory review (p. 96)
  • Pillar 3: Market discipline (p. 98)
  • IFSB principles of risk management (p. 99)
  • 4. Credit Risks in Islamic Finance (p. 109)
  • Introduction (p. 109)
  • Credit risk exposure identification (p. 110)
  • Credit risk assessment models (p. 113)
  • Credit risk valuation (p. 118)
  • Credit risk mitigation (p. 133)
  • Credit rating systems (p. 134)
  • Validating the credit rating systems (p. 139)
  • 5. Market Risks in Islamic Finance (p. 148)
  • Introduction (p. 148)
  • Identification of market risk factors (p. 149)
  • Rate of return risk (p. 149)
  • Commodity risk in Islamic finance (p. 154)
  • FX rate risks (p. 159)
  • Equity price risks (p. 160)
  • Valuation issues on equity prices and FX rates (p. 160)
  • Quantification of foreign exchange risk, equity risk, and commodity risk (p. 161)
  • Data referring to market risk factors (p. 161)
  • Sensitivity in market risk (p. 163)
  • Market risk valuation models (p. 164)
  • VaR models for Islamic financial contracts (p. 164)
  • Position and market data (p. 166)
  • Position risk and exposure risk (p. 168)
  • Evaluation methods of market risk (p. 168)
  • Variance-co-variance method (p. 169)
  • Monte Carlo simulation method (p. 173)
  • Historical simulation (p. 174)
  • Back-testing and stress-testing for market risk exposures (p. 176)
  • 6. Operational Risk in Islamic Finance (p. 182)
  • Introduction (p. 182)
  • Main elements in operational risk analysis (p. 183)
  • Identification of operational risk (p. 185)
  • Measuring operational risks (p. 197)
  • Loss events (p. 199)
  • Evaluating operational risk based on VaR analysis (p. 203)
  • Elements in the framework of the operational risk management (p. 206)
  • 7. Concluding Remarks (p. 211)
  • Index (p. 217)
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Title Summary
"Risk management for Islamic banking financial products and services is one of the greatest challenges that many westernised, as well as Islamic banks, are facing today. This book presents a common framework on how to efficiently manage the risks faced and minimise the overall degree of Islamic financial risks. It is a valuable guide for those working in both non-Islamic and Islamic finance."--BOOK JACKET.
Content provided by Syndetic Solutions, Inc. Terms of Use

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