Islamic Finance and Economic Development / Wiley Finance Editions (ePub)

A comprehensive guide to mitigating risk and fostering growth
in the Islamic financial sector

Islamic finance, like conventional finance is a business of
financial intermediation. Its distinctive features relate to
the requirement that it abides by Shari'a rules that promote
fairness of contracts and prevention of exploitation, sharing of
risks and rewards, prohibition of interests, and tangible economic
purpose. Islamic finance should not fund activities considered
"haram" or sinful. In Islamic Finance and Economic
Development: Risk, Regulation, and Corporate Governance,
authors Amr Mohamed El Tiby and Wafik M. Grais expound how these
distinctive features bear on the opportunities and challenges
facing the Islamic finance industry's
development, risk management, regulation and corporate
governance.

An experienced banker with various Middle East banking
institutions, notably as former Vice President at UAE Union
National Bank and Mashreq bank, Dr. El Tiby offers an
informed perspective on corporate finance from within the
Islamic finance industry. With a long experience in international
development and finance, notably as former Director at the World
Bank and Founder and Chairman of a Cairo-based Financial
Advisors company, Dr. Grais brings global financial experience on
the topics of financial systems assessments, corporate governance,
Islamic finance, and public policy.

* Covers the history and basics of Islamic finance, and provides
insight into current conditions and future landscape

* Explores regulatory framework, including opportunities and
challenges for the industry's development and
mainstreaming

* Presents an approach to developing a systemic Shari'a
governance framework to govern operations in the Islamic finance
industry