Publication: Risk Analysis for Islamic Banks
Date
2008
ISSN
Published
2008
Author(s)
Abstract
This publication provides a
comprehensive overview of topics related to the assessment,
analysis, and management of various types of risks in the
field of Islamic banking. It is an attempt to provide a
high-level framework (aimed at non-specialist executives)
attuned to the current realities of changing economies and
Islamic financial markets. The Islamic financial system is
not limited to banking; it also covers capital formation,
capital markets, and all types of financial intermediation
and risk transfer. Islamic finance was practiced
predominantly in the Muslim world throughout the middle
ages, fostering trade and business activities with the
development of credit. The growth of Islamic finance
coincided with the current account surpluses of
oil-exporting Islamic countries. The Middle East saw a
mushrooming of small commercial banks competing for surplus
funds. The Islamic Republics of Iran, Pakistan, and Sudan
announced their intention to make their financial systems
compliant with Shariah.
Citation
“Van Greuning, Hennie; Iqbal, Zamir. 2008. Risk Analysis for Islamic Banks. © Washington, DC: World Bank. http://openknowledge.worldbank.org/handle/10986/6923 License: CC BY 3.0 IGO.”