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Challenges facing the Islamic financial industry

In: Morality and Justice in Islamic Economics and Finance


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Mankind is faced with a number of serious problems that demand an effective solution. The prevalence of injustice and the frequency of financial crises are two of the most serious of these problems. Consisting of an in-depth introduction along with a selection of eight of Muhammad Umer Chapra's essays – four on Islamic economics and four on Islamic finance – this timely book raises the question of what can be done to not only minimize the frequency and severity of the financial crises, but also make the financial system more equitable.

Suggested Citation

  • ., 2014. "Challenges facing the Islamic financial industry," Chapters, in: Morality and Justice in Islamic Economics and Finance, chapter 7, pages 193-238, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15817_7

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    References listed on IDEAS

    1. Ahmad, Ausaf & Khan, Tariqullah & Iqbal, Munawar, 1998. "Challenges Facing Islamic Banking (Occasional Paper)," Occasional Papers 1998, The Islamic Research and Teaching Institute (IRTI).
    2. Luc Laeven, 2002. "Bank Risk and Deposit Insurance," World Bank Economic Review, World Bank Group, vol. 16(1), pages 109-137, June.
    3. Morck, Randall & Shleifer, Andrei & Vishny, Robert W, 1990. "Do Managerial Objectives Drive Bad Acquisitions?," Journal of Finance, American Finance Association, vol. 45(1), pages 31-48, March.
    4. repec:hrv:faseco:30728046 is not listed on IDEAS
    5. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    6. Shleifer, Andrei & Vishny, Robert W, 1997. "A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
    7. Ahmed, Habib & Chapra, Mohammad Umar, 2002. "Corporate Governance in Islamic Financial Institution (Occasional Paper)," Occasional Papers 93, The Islamic Research and Teaching Institute (IRTI).
    8. Khan, Tariqullah & Chapra, Mohammad Umar, 2000. "Regulations and Supervision of Islamic Banks (Occasional Papers)," Occasional Papers 85, The Islamic Research and Teaching Institute (IRTI).
    9. Iqbal, Munawar & Al Jarhi, Mabid Ali, 2001. "Islamic Banking: Answers to Some Frequently Asked Questions (Occasional paper)," Occasional Papers 92, The Islamic Research and Teaching Institute (IRTI).
    10. Dimsdale, Nicholas & Prevezer, Martha (ed.), 1994. "Capital Markets and Corporate Governance," OUP Catalogue, Oxford University Press, number 9780198287889.
    11. International Monetary Fund, 2002. "Financial Soundness Indicators; Analytical Aspects and Country Practices," IMF Occasional Papers 212, International Monetary Fund.
    12. M. Umer Chapra, 2002. "Alternative visions of international monetary reform," Chapters, in: Munawar Iqbal & David T. Llewellyn (ed.),Islamic Banking and Finance, chapter 11, Edward Elgar Publishing.
    13. Ali, Salman Syed, 2005. "Islamic Capital Market Products - Developments & Challenges (Occasional Papers)," Occasional Papers 213, The Islamic Research and Teaching Institute (IRTI).
    14. James E. Rauch, 2001. "Business and Social Networks in International Trade," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1177-1203, December.
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    1. Karwowski, Mariusz, 2016. "The risk in using financial reports in the study of airline business models," Journal of Air Transport Management, Elsevier, vol. 55(C), pages 185-192.
    2. Thomas Philippon & Pierre Pessarossi & Boubacar Camara, 2017. "Backtesting European Stress Tests," NBER Working Papers 23083, National Bureau of Economic Research, Inc.
    3. Schroeter, Christiane & Higgins, Lindsey M., 2016. "Learn by Doing: A Case Study on Enhancing Students' Entrepreneurial Skills," Western Economics Forum, Western Agricultural Economics Association, vol. 15(1), pages 1-13.
    4. Edelenbosch, O.Y. & Kermeli, K. & Crijns-Graus, W. & Worrell, E. & Bibas, R. & Fais, B. & Fujimori, S. & Kyle, P. & Sano, F. & van Vuuren, D.P., 2017. "Comparing projections of industrial energy demand and greenhouse gas emissions in long-term energy models," Energy, Elsevier, vol. 122(C), pages 701-710.
    5. Jaafar, Hadi H. & Woertz, Eckart, 2016. "Agriculture as a funding source of ISIS: A GIS and remote sensing analysis," Food Policy, Elsevier, vol. 64(C), pages 14-25.
    6. Nicola Cetorelli & Linda S. Goldberg, 2016. "Organizational Complexity and Balance Sheet Management in Global Banks," NBER Working Papers 22169, National Bureau of Economic Research, Inc.
    7. Istvan Egresi & Rauf Belge, 2015. "Development Of Islamic Banking In Turkey," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 5-20, December.
    8. Mills, A., 2015. "Universal Health Coverage: The Holy Grail?," Monographs, Office of Health Economics, number 001571, January.

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