An Alternative Approach to Liquidity Risk Management of Islamic Banks (De Gruyter Studies in Islamic Economics, Finance and Business, 7) - Hardcover

Dolgun, Muhammed Habib; Mirakhor, Abbas

Hardcover

ISBN 10: 3110579995 ISBN 13: 9783110579994

Publisher: De Gruyter Oldenbourg, 2021

Synopsis

Despite noticeable growth in Islamic banking and finance literature in recent years, very few published books in this area deal with supervisory and regulatory issues in Islamic banking – theoretically or empirically – and none with the critical issue of risks involved in liquidity management of Islamic banks. This unique book is the first of its kind in dealing with challenges these financial institutions face in the absence of interest rate mechanism and debt-based financial instruments. The book examines critically issues involve in managing the risk of liquidity management for these types of institutions, including those stemming from Basel requirements. It then offers an alternative regulatory framework more appropriately suited for such banks without compromising safety and security. The book's unique features and innovative dimensions diagnostically differentiate between Islamic banks and conventional banks as related to liquidity management risks. It proposes a risk-sharing regulatory framework that, once implemented, would mitigate risks posed by balance-sheet mismatches. The book aims to assist regulators, supervisors, Islamic finance practitioners, academicians and other relevant stakeholders.

About this title

About the Author

Muhammed Habib Dolgun works at the Central Bank Turkey in Ankara.

Abbas Mirakhor joined INCEIF in 2010 as Distinguished Scholar and the First Holder of INCEIF's Chair in Islamic Finance. His research interests include conventional and Islamic economics and finance. He is a graduate of the Kansas State University, USA, where he received his Bachelor, Master and PhD Degrees in Economics. In 1968, he started his academic career with University of Alabama, USA. Mirakhor has worked as a professor of economics at the University of Alabama, Alabama A&M University, and the Florida Institute of Technology. In 1984, he joined the IMF in Washington DC as an economist. He spent 24 years with the IMF, serving as the organisation's Executive Director and Dean of the Executive Board, retiring in 2008.

Edition details

• Publisher: De Gruyter Oldenbourg
• Publication date: 2021
• Language: English
• ISBN 10: 3110579995
• ISBN 13: 9783110579994
• Binding: Hardcover
• Edition number: 1
• Number of pages: 228