Economic Capital and Risk Management in Islamic Finance

ISBN-13: 9781032567723 / Twarda / 2024 / 320 str.

Muhamed Zulkhibri

Opis

This book provides a comprehensive review of the theoretical and practical aspects of Islamic economic capital in relation to contemporary Islamic finance. It seamlessly integrates new theory with empirical insights and discusses emerging themes, including stress testing and Shari’ah compliance issues. 

Spis treści

Part I:Capital under Mudarabah and Musharakah Contracts 1. Introduction Part II: Economic and Regulatory Capital 2. Concept of capital 3. Economic capital and Islamic banks Part III: Capital under Mudarabah, Musharakah and other related contracts 4. Capital under Mudarabah Musharakah contracts Part IV: Economic capital and risk management 5. Market risk 6. Credit risk 7. Operational risk Part V: Strategic Planning and Economic Capital 8. Displaced commercial risk and α-factor 9. Stress testing in the presence of Shari’ah non-compliance risk

O autorze

Abdul Ghafar Ismail is the Chairperson of the Malaysian Organization of Islamic Economic Studies and Thoughts and a Professor of Islamic Economics at Universiti Kebangsaan Malaysia.

Muhamad Zulkhibri is a Senior Research Economist at the Islamic Development Bank Institute, Saudi Arabia.