Islamic Finance in Europe

Islamic Finance in Europe

By combining legal analysis with statistical description of existing practices and social demand, this book provides an exhaustive account of the current potential of Islamic finance in Europe.

Author: Mohyedine Hajjar

Publisher: Springer

ISBN: 9783030040949

Category: Business & Economics

Page: 338

View: 726

Information about Islamic finance in European countries is usually provided by professional-style reports, offering practical data on implementation of standardized products. However, precise developments about material legal provisions applicable to contracts and their actual legal regime are not often detailed. In order to fill this gap, 15 researchers from across Europe contributed to this project. They describe the state of actual Islamic finance in 10 European countries, as well as applicable EU law. By combining legal analysis with statistical description of existing practices and social demand, this book provides an exhaustive account of the current potential of Islamic finance in Europe.
Categories: Business & Economics

Islamic Finance in Europe

Islamic Finance in Europe

Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different ...

Author: Valentino Cattelan

Publisher: Edward Elgar Publishing

ISBN: 9781781002513

Category: Business & Economics

Page: 247

View: 101

Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other. The contributing authors analyse key economic development and social integration issues from an Islamic perspective and outline the European approach to accommodating Islamic finance, with particular regard to the peculiarities of individual nation-states. Set in this context, the book presents financial pluralism as a device to enhance a level playing field in the global marketplace, as well as to foster a plural open society. Providing a comprehensive and methodological guide to Islamic finance in Europe, this book will prove an illuminating and informative read for academics, students and policymakers with an interest in the impact on financial regulation of an increasingly globalized world.
Categories: Business & Economics

Islamic Banking and Finance in Europe the Case of Germany and United Kingdom

Islamic Banking and Finance in Europe  the Case of Germany and United Kingdom

Fundamentals of Islamic Economics - Islamic Banking - Islamic Finance Instruments - Risk Management in Islamic Finance - Islamic Finance in Western Europe - Islamic Banking in Germany

Author: Muhammad Ashfaq

Publisher: PL Academic Research

ISBN: 3631733216

Category: Business & Economics

Page: 220

View: 758

The author analyses what the prospects of success for an Islamic mode of banking and finance in Germany are at the retail level. The study reveals that two-thirds of respondents were willing to switch to Islamic banking, Giro and savings bank accounts. Mortgage financing products and services were most desired by the German respondents.
Categories: Business & Economics

Islamic Finance Practices

Islamic Finance Practices

This book discusses carefully selected topics in Islamic banking and finance (IBF) in South Eastern Europe (SEE) as one of the fastest growing areas in global finance.

Author: Velid Efendic

Publisher: Palgrave Macmillan

ISBN: 3030344193

Category: Business & Economics

Page: 171

View: 676

This book discusses carefully selected topics in Islamic banking and finance (IBF) in South Eastern Europe (SEE) as one of the fastest growing areas in global finance. IBF originated within various Islamic banks, Islamic windows, investment funds, Takaful companies, and other financial institutions and has resulted in various global products. Although it is still in an early phase in SEE, IBF has developed rapidly in the last decade and has created a need for research on related topics, from the fundamental principles of IBF to the SCR, endowments and investment instruments to Islamic banking practices. This is our second book published as a result of the Sarajevo Islamic and Finance conferences (SIFEC). This conference traditionally gathers Islamic banking, economics, and finance academicians, experts, and students all over the world who discuss a wide range of topics in this field, focusing on the SEE. Consisting of seven chapters presenting original research, this book is a valuable resource for researchers as well as for practitioners and potential investors in IBF, especially in SEE.
Categories: Business & Economics

Islamic Banking and Finance in the European Union

Islamic Banking and Finance in the European Union

Now the institutions dealing with Islamic finance exist in more than 50 countries.
The total number of such institutions is more than 275 of which 54 are reported in
Europe.1 These institutions are estimated to be handling funds somewhere ...

Author: M. Fahim Khan

Publisher: Edward Elgar Publishing

ISBN: 9781849803410

Category: Business & Economics

Page: 241

View: 885

As an introduction to the complex issue of harmonization of legal and regulatory structure of the European financial system and Islamic finance, this is a useful and welcome volume. The ideas, insights and practical issues addressed in the informed papers that compose the book should be valuable for academics and students of finance, and to those who provide legal and financial services. The book will be helpful also to European regulators who have yet to appreciate the importance of Islamic finance and its potential contribution to financial globalization as well as to European economic growth. Abbas Mirakhor, Former Executive Director, International Monetary Fund, US This timely book examines the authorization of Shari ah-compliant intermediaries as either credit institutions or as investment companies in the European Union. The contributing authors explore the key topics of this area through differing yet parallel perspectives for example, comparing economic and legal standpoints, looking at both European and national levels and considering both academic and technical approaches. The book discusses the common origin of Islamic and Western traditions in commercial and banking transactions, reviewing a period in which the Italian merchants and their organizations drove the rebirth of post-medieval society in trade and law. The editors investigate whether the Islamic banking and financial model complies with the European framework, spelling out the different experiences in single Member States (Germany, France, Italy, and the United Kingdom). Notwithstanding the obstacles to being authorized as domestic credit institutions, they conclude that the access of Islamic intermediaries is suitable and may have positive effects on European integration, as well as increasing the competition among the stand-still operators and evoking the ethical dimension of banking and finance. The book also highlights how Islamic banking would make the industry more inclusive. This multidisciplinary book will appeal greatly to economics and legal scholars with an interest in European and international banking and financial law, as well as postgraduate students in international law and banking law. Practitioners and regulators will also find this book an invaluable resource.
Categories: Business & Economics

Islamic Finance

Islamic Finance

189–206. Ercanbrack, J. (2013) Regulating Islamic financial institutions in the UK
. In: V. Cattelan (ed.) Islamic Finance in Europe. Cheltenham, UK: Edward Elgar
Publishing Limited, pp. 157–178. European Central Bank (2013) Islamic Finance
 ...

Author: Tina Harrison

Publisher: Springer

ISBN: 9783319309187

Category: Business & Economics

Page: 192

View: 221

This book demonstrates how the global market for Islamic financial services has shown strong growth in recent years and shown remarkable resilience during the global financial crisis. Drawing on a range of international perspectives from the Gulf Cooperation Council countries, Malaysia, Pakistan, Australia and Europe, this book explores the characteristics and performance of Islamic finance and banking and discusses future prospects. It offers a comprehensive theoretical framework for Shariah governance in Islamic financial institutions, explores Shariah-compliant equities, as well as issues in productivity, technology and efficiency. It includes a number of comparative studies on Islamic and conventional banks, Islamic and conventional unit trusts, and Islamic and conventional banks’ product mixes. The challenges and opportunities for the expansion of Islamic finance and banking into Europe are explored through the contexts of the UK, Germany and Italy.
Categories: Business & Economics

Islam and Muslims in Germany

Islam and Muslims in Germany

ISLAMIC FINANCING TRANSACTIONS IN EUROPEAN COURTS Kilian Bälz1
Abstract Islamic financing transactions are often implemented in a non-Islamic
legal environment. This raises the question whether a court in such a jurisdiction
will ...

Author: Ala Al-Hamarneh

Publisher: BRILL

ISBN: 9789004158665

Category: Social Science

Page: 591

View: 778

In the European discourse of post 9/11 reality, concepts such as a oeMulticulturalisma, a oeIntegrationa and a oeEuropean Islama are becoming more and more topical. The empirically- based contributions in this volume aim to reflect the variety of current Muslim social practices and life-worlds in Germany. The volume goes beyond the fragmented methods of minority case studies and the monolithic view of Muslims as portrayed by mass media to present fresh theoretical approaches and in-depth analyses of a rich mosaic of communities, cultures and social practices. Issues of politics, religion, society, economics, media, art, literature, law and gender are addressed. The result is a vibrant state-of-the-art publication of studies of real-life communities and individuals.
Categories: Social Science

Islamic Finance in a Nutshell

Islamic Finance in a Nutshell

Since the inception of Islamic banking, about three decades ago, the number and
reach of Islamic nancial institutions ... Islamic banks are concentrated in the
Middle East and Southeast Asia, there are also niche players in Europe and the ...

Author: Brian Kettell

Publisher: John Wiley & Sons

ISBN: 9780470710036

Category: Business & Economics

Page: 192

View: 751

The recent turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation: Islamic banking and finance, which has so far remained on the sidelines of the unrest. Islamic Finance in a Nutshell is a quick and easy guide to understanding the fundamentals of Islamic Finance and how the Islamic Financial markets work. Designed as a quick read for practitioners needing to pick up the basics of the industry, it will enable readers to understand the differences Islamic and Western finance. Starting with the rise of Islamic finance, the book highlights the key areas which practitioners need to grasp to understand the marketplace including financial statement analysis, Sharia’a law, making money in the absence of interest and regulation. The book also provides readers with a basic guide to Arab terminology and a guide to the top financial institutions within the Islamic markets. This is an ideal guide for anyone with an interest in how these financial markets work, but who do not want to be bogged down in complex and unnecessary terminology.
Categories: Business & Economics

Theory and Practice of Modern Islamic Finance

Theory and Practice of Modern Islamic Finance

The United Kingdom is regarded as the hub of Islamic Financing in Europe. The
UK has seen significant landmark activity with the creation of two stand-alone
Islamic banks, the Islamic Bank of Britain Plc, and the European Islamic
Investment ...

Author: Abu Umar Faruq Ahmad

Publisher: Universal-Publishers

ISBN: 9781599425177

Category: Business & Economics

Page: 324

View: 856

Theory and Practice of Modern Islamic Finance seeks to contribute to the existing body of work in the area of Islamic finance through examining the extent of divergence in practice of Islamic financing from the traditional Shari'ah in the Australian context. The author makes a discursive analysis of the regulation of Islamic finance in Australia in terms of (a) the financing instruments used, (b) certainty of transactions between participants in the system, and (c) institutional risk management of Islamic financial institutions. The work's objectives are two-fold: (a) to analytically study the extent to which Islamic Financial Services Providers (IFSPs) of Australia differ from the traditional Shari'ah in their current practices of Islamic legal financial system by their use of different financial products and techniques, and (b) to create awareness and transparency about the various products and instruments used by IFSPs of Australia. REVIEWS "It is indeed a most comprehensive, methodologically sound, well organised, lucid, comprehensively documented and analysed, and convincingly argued and concluded research. It systemically addressed all the research questions raised and very convincingly and successfully resolved them to logical conclusions. The study can convincingly claim to have made a breakthrough in the frontier of knowledge in the field of Islamic finance" Professor R. I. Molla, Multimedia University, Malaysia "Discussions of the topics throughout the book are logically coherent and presented in plain language. It is an insightful, well researched, logically organised and lucidly presented research work having overwhelming strengths and very limited weaknesses. I have no hesitation to say that this book may provide useful guidelines for dealing with the emerging issue of Islamic finance around the world.." Dr. S. M. Solaiman, The University of Wollongong, Australia "I have gone through for the most part of author s present work and found that it was excellent. I must congratulate him for preparing a research work of such standard. It was due to his extreme commitment, sense of professionalism, and perseverance." Professor A. B. Rafique Ahmad, Pro-VC, International Islamic University Chittagong, Bangladesh "I read this book on Islamic finance with lots of interest. It is one of the finest pieces of writing, in terms of content, eyes to detail, referencing and scholarly analysis. It is often a challenge to simplify such a complex subject without loosing the necessary details. There are very few Islamic books that introduce all jurisdictions. This book filled in this gap through making an unbiased objective reading. The book have covered very valid governance issues such as the conflict of interest of the regulators (Shari'ah Board), the products resembling conventional loans and the reluctance of sharing the full risk. While Islamic Institutions may shy away from the author, his talent will be highly sought in academia and research circles." Dr. Shahadat Chowdhury, School of Civil and Environmental Engineering, University of New South Wales, Sydney, Australia This book appears to be the only major research monograph on Islamic finance in Australia. The historical, rational and critical methodology of this book follows the scientific research methodology of the great twentieth century philosopher of science Karl Popper. The clarity and logical rigour resulting from this approach is one of the major strengths of this work. Chapters 1-3 and 5 are of excellent quality and reflect Dr Ahmad's authoritative knowledge in the field of Islamic law. Chapters 6-11 reflect not only Dr Ahmad's expertise in Islamic financial law, evident in previous chapters but also his extensive practical experience in his advisory and consultancy work. The book raises many questions for future research, including, how to resolve the perceived divergence of financial practice from Islamic law and the development of a fully satisfa
Categories: Business & Economics

Islamic banking and finance

Islamic banking and finance

Author: Butterworths (Firm)

Publisher: Butterworth United States

ISBN: UCSC:32106007674580

Category: Business & Economics

Page: 149

View: 457

Categories: Business & Economics

Islamic Banking and Finance

Islamic Banking and Finance

The book covers most of the regions, reflecting the diversity of Islamic finance and its numerous instruments. This book has six parts.

Author: Abdelghani Echchabi

Publisher: Independently Published

ISBN: 1694416860

Category:

Page: 232

View: 428

Islamic finance in its wide scope has been currently introduced in more than 70 countries. Nevertheless, until today, little is known and documented abut Islamic finance in many settings. This book is a first attempt to uncover the status of Islamic finance in various countries. The Chapters in this book have been carefully selected and merged to provide the reader with a comprehensive view on the practices of Islamic finance across jurisdictions. The book covers most of the regions, reflecting the diversity of Islamic finance and its numerous instruments. This book has six parts. Five chapters are in the first part related to Islamic Banking and Finance in Middle East, two chapters in second part related to Islamic Banking and Finance in South East Asia, two chapters in third part related to Islamic Banking and Finance in South Asia, two chapters in fourth part related to Islamic Banking and Finance in Central Asia, three chapters in fifth part related to Islamic Banking and Finance in Europe and five chapters in the last part of this book related to Islamic Banking and Finance in Africa.
Categories:

Legal Regulatory and Governance Issues in Islamic Finance

Legal  Regulatory and Governance Issues in Islamic Finance

This has become the most popular form of Islamic housing finance in the United
Kingdom as the terms are flexible with ... the United Kingdom', in M. Fahim Khan
and Mario Porzio (eds), Islamic Banking in Europe (Cheltenham: Edward Elgar, ...

Author: Rodney Wilson

Publisher: Edinburgh University Press

ISBN: 9780748655274

Category: Religion

Page: 256

View: 834

A detailed examination of Islamic banking laws and regulatory systems governing Islamic finance worldwide
Categories: Religion

Islamic Financial Services in the United Kingdom

Islamic Financial Services in the United Kingdom

Instead of paying rent to fellow countrymen they began paying back loans from
high street banks, or rent and fees to ... It is the opinion of some historians that
Islamic financial mechanisms were introduced into Europe via the trading
contacts of ...

Author: Elaine Housby

Publisher: Edinburgh University Press

ISBN: 9780748687473

Category: Social Science

Page: 216

View: 259

This book emphasises the ways in which UK examples of Islamic financial provision illustrate both the main characteristics of Islamic financial teaching and some key issues in the situation of British Muslims.
Categories: Social Science

Islamic Economics and Finance

Islamic Economics and Finance

In June 2010 IE Business School, with King Abdulaziz University, gathered in Madrid some of the world's foremost scholars, academics and practitioners of Islamic Economics and Finance.

Author: Jonathan Langton

Publisher: Palgrave Macmillan

ISBN: 0230300278

Category: Business & Economics

Page: 216

View: 900

In June of 2010, IE Business School, with King Abdulaziz University, gathered in Madrid some of the world's foremost scholars, academics and practitioners of Islamic Economics and Finance. These highlights of the symposium and original articles specifically address the post-crisis application of this growing and relevant economic philosophy in Europe.
Categories: Business & Economics

Yearbook of Muslims in Europe

Yearbook of Muslims in Europe

The Yearbook of Muslims in Europe provides up-to-date factual information, statistics and analysis of the situation of Muslims in 46 European countries.

Author: Jørgen Nielsen

Publisher: BRILL

ISBN: 9789004184763

Category: Social Science

Page: 728

View: 461

The Yearbook of Muslims in Europe provides up-to-date factual information, statistics and analysis of the situation of Muslims in 46 European countries.
Categories: Social Science

Islamic Finance Instruments and Markets

Islamic Finance  Instruments and Markets

A former partner in Gleiss Lutz, he was involved in some of the first Islamic
transactions in continental Europe. Samy Ben Naceur is associate professor of
finance at ESSEC Tunis. He is a consultant in finance and economics and has ...

Author: Bloomsbury Publishing

Publisher: Bloomsbury Publishing

ISBN: 9781849300391

Category: Business & Economics

Page: 240

View: 341

Islamic Finance: Instruments and Markets looks at the application of Sharia law to the world of banking and finance. It provides you with an understanding of the rationale behind the instruments and the rapidly developing Islamic financial markets. Coverage includes in-depth analysis of the financial instruments within the Sharia framework and how they are applied in various sectors including insurance, investment and capital markets. Regulatory issues are also discussed both from the role of the Sharia board to reporting financial risk to legal bodies. It addresses issues such as bringing a New Ethical Dimension to Banking through to The International Role of Islamic Finance and provides you with a range of checklists from Business Ethics in Islamic Finance to The Role of the Shariah Advisory Board in Islamic Finance and Regulatory and Capital Issues under Shariah Law.
Categories: Business & Economics

Islamic Finance in Western Higher Education

Islamic Finance in Western Higher Education

After completinghisPh.D. he worked for Halala Mutual Investment Company,the
first Shari'ahcompliant mutual fund in Europe.He researchesquantitative financial
methods, computerbased simulation models,Islamic financial instruments and ...

Author: A. Belouafi

Publisher: Springer

ISBN: 9781137263698

Category: Business & Economics

Page: 272

View: 601

This is the first of its kind in its topical coverage of the developments and prospects of Islamic finance education at Western higher education. Intended to establish itself as a unique reference for academics and researchers this book gives an insight into ethics and values in curricula development at business schools and in finance departments.
Categories: Business & Economics

Global Leaders in Islamic Finance

Global Leaders in Islamic Finance

This book looks at Islamic finance from the perspective of the experts shaping the industry, including some of the founders of the first Islamic banks—Haj Saeed Lootah, His Royal Highness Prince Mohamed Al Faisal Al Saud, and Sheikh Saleh ...

Author: Emmy Abdul Alim

Publisher: John Wiley & Sons

ISBN: 9781118465240

Category: Business & Economics

Page: 320

View: 519

Interviews with the professionals driving the rapid global growth of Islamic finance Though the modern Islamic finance system has existed for more than forty years, its size and influence in the banking industry has expanded massively in just the last decade. This book looks at Islamic finance from the perspective of the experts shaping the industry, including some of the founders of the first Islamic banks—Haj Saeed Lootah, His Royal Highness Prince Mohamed Al Faisal Al Saud, and Sheikh Saleh Abdullah Kamel—as well as other professionals who have greatly influenced the industry. Editor Emmy Alim offers rare insight on Islamic finance with these insightful interviews focused on the development, rise, and future trajectory of Islamic finance. Features rare insider perspective on the rise of Islamic finance with interviews from the top names in the industry in Asia, the Middle East, Europe, and the United States An ideal resource for bankers and finance professionals working in traditional finance as well as Islamic finance Written by Emmy Alim, Editor for Thomson Reuters Islamic Finance Gateway, a multi-platform forum for experts and professionals in the Islamic finance industry
Categories: Business & Economics