Risk and Regulation of Islamic Banking - 9781783476121

Risk and Regulation of Islamic BankingAuthor(s): Mervyn K. Lewis, Mohamed Ariff, Shamsher Mohamad\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781783476121, 978-1783476121\nSynopsis\nFrom a single product offering in 1963, the Islamic financial services industry has grown to an estimated $[url] trillion in assets. Products must comply with profit and risk-sharing criteria and regulations preventing banks from venturing into activities with high risk and excessive uncertainty. This timely volume analyses these matters and considers the range of new products, discussing both conceptual and practical [url] expert contributors examine why an ethical foundation is important and why the system requires well-thought-out regulations to ensure outcomes that protect the community's well-being. The volume explores in detail the nature of Islamic banking products and their risk elements, how the system differs from conn