IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/15817_7.html
   My bibliography  Save this book chapter

Challenges facing the Islamic financial industry

In: Morality and Justice in Islamic Economics and Finance

Author

Listed:
  • .

Abstract

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
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781783475711.00014.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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. Katsuhito Iwai, 2001. "What is Corporation? ---The Corporate Personality Controversy and Comparative Corporate Governance," CIRJE F-Series CIRJE-F-100, CIRJE, Faculty of Economics, University of Tokyo.
    3. Luc Laeven, 2002. "Bank Risk and Deposit Insurance," The World Bank Economic Review, World Bank, vol. 16(1), pages 109-137, June.
    4. Munawar Iqbal & David T. Llewellyn (ed.), 2002. "Islamic Banking and Finance," Books, Edward Elgar Publishing, number 2499.
    5. 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.
    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. 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.
    8. Khan, Tariqullah & Ahmed, Habib, 2001. "Risk Management: An Analysis of Issues in Islamic Financial Industry (Occasional Paper)," Occasional Papers 2001, The Islamic Research and Teaching Institute (IRTI).
    9. Ahmed, Habib & Chapra, Mohammad Umar, 2002. "Corporate Governance in Islamic Financial Institution (Occasional Paper)," Occasional Papers 93, The Islamic Research and Teaching Institute (IRTI).
    10. Khan, Tariqullah & Chapra, Mohammad Umar, 2000. "Regulations and Supervision of Islamic Banks (Occasional Papers)," Occasional Papers 85, The Islamic Research and Teaching Institute (IRTI).
    11. 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).
    12. Dimsdale, Nicholas & Prevezer, Martha (ed.), 1994. "Capital Markets and Corporate Governance," OUP Catalogue, Oxford University Press, number 9780198287889.
    13. 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.
    14. Ali, Salman Syed, 2005. "Islamic Capital Market Products - Developments & Challenges (Occasional Papers)," Occasional Papers 213, The Islamic Research and Teaching Institute (IRTI).
    15. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    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. Anne Mills, 2015. "Universal Health Coverage: The Holy Grail?," Monograph 001571, Office of Health Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.
    2. Al-Jarhi, Mabid, 2004. "Islamic Finance: An Equitable and Efficient Option," MPRA Paper 55765, University Library of Munich, Germany.
    3. Sergio Destefanis & Vania Sena, 2007. "Patterns of corporate governance and technical efficiency in Italian manufacturing," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 27-40.
    4. Paul Gompers & Joy Ishii & Andrew Metrick, 2003. "Corporate Governance and Equity Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 107-156.
    5. Randall Morck & Masao Nakamura & Murray Frank, 2001. "Japanese Corporate Governance and Macroeconomic Problems," Palgrave Macmillan Books, in: Masao Nakamura (ed.), The Japanese Business and Economic System, chapter 12, pages 325-363, Palgrave Macmillan.
    6. Malcolm Baker & Richard S. Ruback & Jeffrey Wurgler, 2004. "Behavioral Corporate Finance: A Survey," NBER Working Papers 10863, National Bureau of Economic Research, Inc.
    7. An, Suwei, 2023. "Essays on incentive contracts, M&As, and firm risk," Other publications TiSEM dd97d2f5-1c9d-47c5-ba62-f, Tilburg University, School of Economics and Management.
    8. El-Khatib, Rwan & Fogel, Kathy & Jandik, Tomas, 2015. "CEO network centrality and merger performance," Journal of Financial Economics, Elsevier, vol. 116(2), pages 349-382.
    9. Sabur Mollah & M. Kabir Hassan & Omar Farooque & Asma Mobarek, 2017. "The governance, risk-taking, and performance of Islamic banks," Journal of Financial Services Research, Springer;Western Finance Association, vol. 51(2), pages 195-219, April.
    10. Tarek Roshdy Gebba, 2015. "Corporate Governance Mechanisms Adopted by UAE National Commercial Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 5(5), pages 1-2.
    11. He, Yan & Chiu, Yung-ho & Zhang, Bin, 2015. "The impact of corporate governance on state-owned and non-state-owned firms efficiency in China," The North American Journal of Economics and Finance, Elsevier, vol. 33(C), pages 252-277.
    12. Siddiqi, Mohammad Nejatullah, 2006. "Islamic Banking And Finance In Theory And Practice: A Survey Of State Of The Art," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 13, pages 2-48.
    13. Ahmed, Habib, 2011. "Risk Management Assessment Systems: An Application To Islamic Banks," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 19, pages 63-86.
    14. Mirzaei, Ali, 2011. "The Effect of Market Power on Stability and Performance of Islamic and Conventional Banks," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 18, pages 51-89.
    15. Robert Campbell & Chinmoy Ghosh & Milena Petrova & C. Sirmans, 2011. "Corporate Governance and Performance in the Market for Corporate Control: The Case of REITs," The Journal of Real Estate Finance and Economics, Springer, vol. 42(4), pages 451-480, May.
    16. Randall Morck, 2009. "Generalized Agency Problems," NBER Working Papers 15051, National Bureau of Economic Research, Inc.
    17. Luís Pacheco & Carla Lobo & Isabel Maldonado, 2022. "The Presence of Foreign Capital and the Internationalization of Portuguese Industrial SMEs," JRFM, MDPI, vol. 15(2), pages 1-18, February.
    18. Agarwal, Anushka & Chaudhry, Neeru, 2022. "Foreign controlling shareholders and corporate investment," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    19. Muhammad Nouman & Karim Ullah, 2014. "Constraints in the Application of Partnerships in Islamic Banks: The Present Contributions and Future Directions," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 6(2), pages 47-62, October.
    20. repec:dau:papers:123456789/5922 is not listed on IDEAS
    21. Agyenim Boateng & XiaoGang Bi & Sanjukta Brahma, 2017. "The impact of firm ownership, board monitoring on operating performance of Chinese mergers and acquisitions," Review of Quantitative Finance and Accounting, Springer, vol. 49(4), pages 925-948, November.

    More about this item

    Keywords

    Asian Studies; Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:15817_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.