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This book demonstrates how the global market for Islamic financial services has shown stronggrowth in recent years and shown remarkable resilience during the globalfinancial crisis. Drawingon a range of international perspectives from the Gulf Cooperation Councilcountries, Malaysia, Pakistan, Australia and Europe, this book explores the characteristics and performance of Islamicfinance and banking and discusses future prospects. It offers a comprehensive theoreticalframework for Shariah governance in Islamic financial institutions, explores Shariah-compliantequities, as well as issues in productivity, technology and efficiency. Itincludes a number of comparative studies on Islamic and conventionalbanks, Islamic and conventional unit trusts, and Islamic and conventionalbanks' product mixes. The challenges and opportunities for the expansion ofIslamic finance and banking into Europe are explored through the contexts ofthe UK, Germany and Italy.
List of contents
Introduction; TinaHarrison and Essam Ibrahim.- Chapter 1: Toward a comprehensive theoreticalframework for Shariah governance in Islamic financial institutions; SitiNormala Sheikh Obid and Babak Naysary.- Chapter 2: Developing the IslamicFinancial Services sector in Italy: An institutional theory perspective; BarbaraPetracci and Hussain G Rammal.- Chapter 3: A comparative performance ofconventional and Islamic unit trusts: Market timing and persistence evidence; NafisAlam, Kin Boon Tang and Mohammad Shadique Rajjaque.- Chapter 4: Do customerspatronize Islamic banks for Shari'a compliance?; Shakir Ullah and Kun-ho Lee.- Chapter5: Islamic finance: Challenges and opportunities FREE; Hussain G Rammal.- Chapter6: Challenges and opportunities for Islamic retail banking in the Europeancontext: Lessons to be learnt from a British-German comparison; Stefan Volk andMarkus Pudelko.- Chapter 7:Bankers' perception towards Bai Salam method for agriculture financing inPakistan; Ahmad Kaleem and Saima Ahmad.- Chapter 8: Shariah-compliant equities:Empirical evaluation of performance in the European market during credit crunch;Nafis Alam and Mohammad Shadique Rajjaque.- Chapter 9: Productivity,technology and efficiency of De Novo Islamic banks: Empirical evidence fromMalaysia; Fadzlan Sufian.- Chapter 10: Bank-level stability factors andconsumer confidence - A comparative study of Islamic and conventional banks'product mix; Kassim Hussein.
About the author
Dr Tina Harrison is Professor of Financial Services Marketing and
Consumption at the University of Edinburgh Business School, UK. She is also the
Editor of Palgrave's Journal of Financial Services Marketing.
Dr Essam Ibrahimis Coordinator of the Marketing PhD Programme at
the University of Edinburgh Business School, UK. He is also on the Editorial Board
of Palgrave's Journal of Financial Services Marketing.
Summary
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.
