Islamic Banking and Financial Crisis: Reputation, Stability and Risks
Habib Ahmed, Mehmet Asutay, and Rodney Wilson
Abstract
This book asks a number of questions: Do Islamic financial institutions perform better than their Western counterparts during periods of financial crisis? How do Islamic financial institutions manage risk, given their unique characteristics and the need for Sharī’ah compliance? The book looks at the challenges for Islamic financial institutions in an international post-Basel II system where banks are required to have more capital and liquidity. It also examines the influence of governance on client and investor perceptions and their implications for institutional stability and sustainability. ... More
This book asks a number of questions: Do Islamic financial institutions perform better than their Western counterparts during periods of financial crisis? How do Islamic financial institutions manage risk, given their unique characteristics and the need for Sharī’ah compliance? The book looks at the challenges for Islamic financial institutions in an international post-Basel II system where banks are required to have more capital and liquidity. It also examines the influence of governance on client and investor perceptions and their implications for institutional stability and sustainability. It concludes by suggesting how the Islamic financial industry can better fulfil both the legal and social requirements of Sharī’ah.
Keywords:
financial crisis,
risk,
financial industry,
Sharī’ah,
Islam,
banks,
liquidity,
Islamic financial institutions
Bibliographic Information
| Print publication date: 2013 |
Print ISBN-13: 9780748647613 |
| Published to Edinburgh Scholarship Online: May 2014 |
DOI:10.3366/edinburgh/9780748647613.001.0001 |
Authors
Affiliations are at time of print publication.
Habib Ahmed, editor
Durham University
Mehmet Asutay, editor
University of Durham
Rodney Wilson, editor
Durham University
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