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Financial Stability and Risk Management in Islamic Financial Institutions Volume Five

Financial Stability and Risk Management in Islamic Financial Institutions Volume Five
Financial Stability and Risk Management in Islamic Financial Institutions Volume Five

by:
ISBN:978-9927-118-24-1
Format:
Published: April 2015

About the series: 

The International Conference on Islamic Economics and Finance (ICIEF) is the leading academic conference in the discipline organized by the International Association for Islamic Economics (IAIE) in collaboration with other key stakeholders, including the Islamic Research and Training Institute, Islamic Development Bank. It is the pioneering international conference on Islamic economics organized first in Makkah Al Mukaramah, Kingdom of Saudi Arabia, in 1976 under the auspices of King Abdulaziz University and has since been held in numerous locations around the world. The conference as such has contributed immensely to the promotion of Islamic economics and finance. Since 2011, the Qatar Faculty of Islamic Studies (QFIS), of Hamad bin Khalifa University, Qatar Foundation, has also become a key partner in organizing the conference.

Disseminating research presented at ICIEF to the greatest number of researchers interested in the topic is important. It not only advances the discourse, but also grants those who did not have the privilege of attending the conference to partake in the discussion. To this end, this series of five volumes (two in Arabic to follow) presents the proceedings of 8th and 9th conferences, which were held in Doha and Istanbul respectively in 2011 and 2013. Each volume focuses on a particular sub-theme within the broader theme of Developing Inclusive and Sustainable Economic and Financial Systems. 

Introduction:

In the context of the above discussion, the present volume brings together nine papers that have tried to address various aspects of stability of the overall Islamic financial sector (Part I of the book) and risk management methods for individual Islamic financial institutions (Part II of the book). These papers cover ideas on: Islamic Financial Sector Assessment Program (iFSAP), review of literature on stability of Islamic finance, transmission of liquidity shocks through Islamic banks, stress testing methodology for Islamic banks, assessment of Islamic banks’ distress to currency shocks, risk taking and capital decisions of Islamic banks mobilizing profit sharing investment deposits, stability comparison of Islamic and conventional banks in Indonesia, devising new “credit default sharing” instrument to hedge against default, and introducing the concept of performance-at-risk as opposed to value-at-risk as an appropriate tool for risk management in Islamic banks.

Table of contents:
 
Foreword
Acknowledgments
Preface
Introduction

PART 1: FINANCIAL STABILITY

1. Financial Sector Assessment Program for Islamic Financial System (iFSAP)

Dadang Muljawan, Islamic Research and Training Institute (IRTI) - Islamic Development Bank

2. Islamic Finance and Financial Stability: A Review of the Literature

Ahmed Belouafi, Chaouki Bourakba and Karima Saci, King Abdul Aziz University, Imam Muhammad Bin Saud University and Effat University

3. The Role of Islamic Banks Subsidiaries in the Transmission of Liquidity Shocks Across Countries

Mehdi Mili, Jean-Michel Sahut and Eryj Trimechec, University of Sfax, University of Poitiers, and University of Sousse

4. Assessing the Stability and Resilience of Islamic Banks Through Stress Testing Under Standardized Approach of the IFSB Capital Adequacy Framework

Jamshaid Anwar Chattha, Islamic Financial Services Board

5. Currency-Banking Crises and Economic Downturns: A Comparison Between Islamic and Conventional Banks

Meriem Djennas, Mohamed Benbouziane, and Mustapha Djennas, University of Amiens, France and University of Tlemcen, Algeria

6. The Stability Comparison Between Islamic Banks and Conventional Banks: Evidence in Indonesia

Gamaginta and Rofikoh Rokhim, Universitas Indonesia

PART 2: RISK MANAGEMENT

7. Investment Deposits, Risk-Taking and Capital Decisions in Islamic Banks

Hichem Hamza and Zied Saadaoui, University of Manouba, Tunisia

8. "Credit Default-Sharing": New Islamic Financial Instruments for Hedging Default Risk

Nader NaifarAl Imam Mohammad Ibn Saud Islamic University

9. Performance at Risk: Another Approach to Value at Risk for Islamic Finance

Alioune Diagne, Theorem Consulting, Paris

 

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