Integrating Islamic Finance into the Mainstream: Regulation, Standardization and Transparency

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Year
2007
Country
United States
Language
English
Abstract

This book is the second publication of the Islamic Finance Project. It includes a selection of 12 papers presented at the Seventh Harvard University Forum on Islamic Finance on the topic, "Integrating Islamic Finance into the Mainstream: Regulation, Standardization, and Transparency." Followed by a preface by the Editor and an Introduction by Ibrahim Warde, the book is divided into four parts. The first part concerns regulator dilemmas. The second part discusses religious, legal, economic, and political perspectives, covering retail finance in Europe as well. The third section is about the sukuk phenomenon. Lastly, the fourth part addresses the way forward for Islamic finance including controversies. The book includes a guide to the contributors, as well as a glossary of terms at the end.

Part I – Regulatory Dilemmas

The Impact of Regulation on the Future of Islamic Finance / Nasr-Eddine Benaissa; Xavier Jopart; Melanie Maddux; Ozgur Tanrikulu; and Fenton Whelan

Basel and Corporate Governance in Islamic Banks / M. Kabir Hassan and Mehmet F. Dicle

Convergence of Corporate Governance and the Islamic Financial Services Industry: Toward an Islamic Financial Services Securities Market / Ali Adnan Ibrahim

Regulation, Supervision, and Their Role in the Development of Efficient Islamic Insurance Markets / Philipp Wackerbeck

Part II – Religious, Legal, Economic, and Political Perspectives

Shari’a, Economics, and the Progress of Islamic Finance: The Role of Shari’a Experts / M. Nejatullah Siddiqi

The Tension between Legal Values and Formalism in Contemporary Islamic Finance / Abdurrahman Habil

Islamic Retail Finance in Europe: Market Potential and Legal Challenges / Kilian Bälz

Islamic Finance and the International System: Integration without Colonialism / Robert R. Bianchi

Part III – The Sukuk Phenomenon

Sukuk (Islamic Bonds and Securitizations): Toward a Viable Capital (Including Secondary) Market / Michael J. T. McMillen

Regulating Sukuk in Indonesia: Challenges for Implementation / Reza Djojosugito

Part IV – The Way Forward: Perspectives and Controversies

The Road Ahead for Islamic Finance / Jay Collins

A Simple Fiqh-and-Economics Rationale for Mutualization in Islamic Financial Intermediation / Mahmoud A. El-Gamal

English
ISSN/ISBN
9780970283566
No. of Pages
261p.
City
Cambridge, Massachusetts
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CIS Program Old
CIS publications
No
CIS Thesis
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