Islamic Banking and Finance: Future of the Financial World Order

The Way Forward to a Debt-Free Progressive World Shared Equitably by One and All
LAP LAMBERT Academic Publishing (2012-03-05) Available at https://www.morebooks.de/store/gb/book/islamic-banking-and-finance:-future-of-thefinancial-world-order/isbn/978-3-8484-0829-0 ISBN-13: 978-3-8484-0829-0 ISBN-10: 3848408295 EAN: 9783848408290 Book language: English

Blurb/Shorttext: Future belongs to Islamic Banking and Finance (IBF), if one is ready to take a cue from the subprime crisis, Lehman brothers and many other giants vanishing from the financial landscape, global economic melt-down, impending double-dip recession, trillions of dollars belonging to 99% common men pumped (in the name of bailouts) by governments into the coffers of behemoth corporations (1%), and subsequent Occupy Wall Street movement. The question is, does IBF provide a better solution? IBF has already proven to be a formidable claimant to be the future of banking and finance, with 400% growth booked during last 7 years, amid severest of recessionary pressures. IBF promises to internalize ethics into business, remove the gamble of greed leading to ever-rising debt burden, and gift the inhabitants of this earth a financial world order founded on real assets and rock-solid humanitarian values of fairness & distributive justice. By replacing interest with shared risk & profit, delivering real output, not worthless paper, IBF nurtures a system that delivers public good, not ravenous self-indulgence. Are they keeping the promises? Is IBF ephemeral? How can it become sustainable? Read on ...
Publishing house: LAP LAMBERT Academic Publishing Website: http://www.lap-publishing.com/ By (author): Shakeel Ahamad, Dr. H. K. Pradhan Number of pages: 140 Published at: 2012-03-05 Stock: In stock Category: Money, Bank, Stock exchange Price: 59.00 Keywords: Islam, finance, challenges, Strategies, Competitiveness, Shariah, Opportunities, Islamic Bank, Stratgies, Market leadership

Contents
Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Introduction Islamic Banks Core Concepts of Islamic Banking and Finance and How they differ from the Conventional Systems Key Islamic Banking and Finance Techniques and Products Competitive Advantages and Perceived Disadvantages of Islamic Banking and Finance Challenges in the way to faster growth of IBF industry Competitiveness of the IBF Systems: An empirical evaluation from the practitioners perspective Future Strategies for taming the challenges and transforming them into opportunities, to gain market leadership Latest Developments in the Islamic Banking and Finance industry Important Institutions boosting the development of IBF Epilogue References Estimation of TAI for UAE Competitiveness of Banking Sector In Case of Opening Local Markets to GCC Banks 3 13 19 27 37 42 61

Chapter 8

67

Chapter 9 Chapter 10 Chapter 11 Chapter 12 Appendix-A APPENDIX-B

77 95 102 105 115 116 118 125 129 130 131

APPENDIX-C Islamic Financial Institutions in the World APPENDIX-D Islamic Equity Funds in the World APPENDIX-E APENDIX-F1 APENDIX-F2 The Dow Jones Islamic Market Indexes Assets, Deposits and Loans of Conventional local Banks in GCC Assets, Deposits and Loans of 8 Islamic local Banks in GCC

List of Tables and Figures

List of Tables:
1 2 3 4 5 6 7 8 9 Comparison between Conventional and Islamic Banks of UAE Evolution of Islamic Banking and Finance in Modern times Comparison between Riba and Profit Major differences between Islamic & Conventional Banking systems Euromoney Country Risk Scores ICRG Political Risk ratings for 45 OIC member countries Current Status of internal success factors and related Strength or Weakness Current Status of external factors affecting Islamic Banking & Finance Industry (IBF) in comparison with Conventional Banking & Finance Industry FTSE Indexes include global, regional, and country level indexes 10 17 23 25 51 52 63 64 92

List of Figures:
1 2a 2b 2c 2d 3 4 5 6 7 8 9 10 11 12 13 14 15a 15b 16a 16b 17 18 19 20 21 22 23 24 Revenue, Assets/ Investments/ Financing/ Deposits for BIMB Debt-to-GDP Ratios, Developing countries & HIPC Debt to GDP Ratios of crisis-ridden countries during the Debt Crisis of 1980s Amortization payments of HIPC and Developing countries Interest payments of HIPC and Developing countries Interest rates and export prices in Latin America Top ten countries, in terms of IBF Asset base in USD Proportion of Islamic Bonds in Malysia v/s Non-Islamic Bonds Comparison between Conventional and Islamic Banks in UAE Comparison between Conventional and Islamic Banks in UAE Comparison of CAGR for 53 conventional and 8 Islamic banks in GCC Islamic Equity Funds - Number of funds for each country (origin country) Human Development Index Scores and rank Secondary and Tertiary Enrollment and Public Expenditure on education Gross National Income of representative Islamic countries compared with other countries that have higher GNI than the highest OIC country. The Networked Readiness Index (NRI) and Availability of Technology Score Technological Achievement Index (TAI) and Arco Index Customer Deposits of BIMB Customer Finance of BIMB Maturity structure of investment deposits and Negotiable Islamic Debt Certificates, for BIMB Maturity structure of Customer Financing for BIMB SWOT grid of practitioners perspectives The SWOT and the TOWS Matrix of strategies for future growth of IBF A pictorial representation of the web of relationship that exists between various factors that affect the growth of any system, including IBF System The Structure of a Commodity Murabaha Contract A representative sketch for the Al Salam Sukook of Bahrain Govt. Aluminium prices (monthly average) during January 1998 and October 2003 Daily Aluminium prices between 01st August and 31st October, 2003 Survey Results Demand for Islamic Investments in America 4 6 6 6 6 7 8 9 10 10 11 35 44 46 47 53 54 56 56 57 57 68 69 71 78 81 83 83 103