Оглавление
Imam Wahyudi. Risk Management for Islamic Banks
Advance Praise
Preface
Acknowledgments
About the Authors
List of Acronyms
Part One. Introduction
Chapter 1. Principles of the Islamic Financial System
Islamic Financial Contracts: The li-tabarru' Contract versus li-tijari Contract
Principles of Islamic Finance
Interest-Based Return versus Profit–Loss Sharing
Chapter 2. The Islamic Bank and Risk Management
Differences between an Islamic Bank and a Conventional Bank
History of the Islamic Bank
Global Islamic Banking Entities
Risk as an Integral Part of Islamic Bank
Stages in Risk Management
Risk and Return Trade-Off
Various Approaches on Risk Identification
The Importance of Risk Management for an Islamic Bank
Part II. Risk Management Framework in Islamic Banking
Chapter 3. History of Risk Management in Islamic Banking
Basel I and Its History
Basel II and its History
Basel III and Its History
The AAOIFI and Its Role
The IFSB and Its Role
Chapter 4. The Risk Management Process in Islamic Banking
Risk Management Model in Islamic Banks
Risk Identification Process in Islamic Banking
Risk Matrix
Risk Mitigation Process
Risk Review Process
Infrastructure and Facilities
Calculation of Minimum Capital Requirements
Chapter 5. Financial Reporting and Analysis in Islamic Banking
The Importance of Financial Statements in Risk Analysis
Scope of Financial Statement in Islamic Banks
Basic Contracts and Instruments in the Islamic Bank
Structure of the Balance Sheet
Analysis of Income Statement
Persistence Analysis
Tools of Financial Statement Analysis
Core Business Activity in Islamic Banks
Off-Balance Sheet Activity in Islamic Banks
Part III. Risk Management in Islamic Banking
Chapter 6. Financing Risk in Islamic Banking
Urgency of Financing Risk Management in Islamic Banking
Characteristics of Islamic Financing Contracts
Financing Risk: Definitions and Its Scope
Role of Rahn and Kafalah
Defining Determinant Factors of Financing Risk
Urgency of the Independent Rating Agency
Rating and Financing Risk Provisions
Risk-Based Financing Limit
Concentration Risk in Financing Portfolio
Financing Portfolio Management
Measuring Financing Risk in the Islamic Bank
Chapter 7. Operational Risk in Islamic Banking
Urgency of Risk Awareness
Operational Risk Coverage in Islamic Banks
Identification of Operational Risk Factors
Operational Risk in Islamic Financial Contracts
Measurement of Islamic Operational Risk
Developing an Operational Risk Management System
Chapter 8. Syari'ah Compliance Risk
Basic Principles of Islamic Economics and Financial System
Syari'ah as Principle and Spirit in Business
Various Prohibitions in Mu'amalah
Why Should Islamic Banking Comply with Islamic Principles?
Integrating Syari'ah Compliance in the Islamic Bank
Evolution of Syari'ah Governance in Islamic Financial System
Syari'ah Advisory Board and Syari'ah Compliance Audit as a Framework
Identification Process of Syari'ah Compliance Risk
Risk Management and Mitigation of Syari'ah Compliance Risk
Models of Syari'ah Governance in Several Countries
Chapter 9. Strategic Risk
Definition and Scope of Strategic Risk in Islamic Banking
Determinants of Strategic Risk and Its Mitigation
Issues Related to Strategic Risk
Chapter 10. Investment Risk in Islamic Banking
Syirkah as a Distinct Trait of Islamic Banks
Basic Concept of Investment Risk
Forms of Risk and Their Mitigation
Regulations on Profit Distribution Management
Chapter 11. Market Risk in Islamic Banking
Urgency of Market Risk
Scope of Market Risk in Islamic Banks
Identification of Market Risk Profile
Market Risk Measurement in Islamic Banks
Market Risk Mitigations in Islamic Banking
Implementation of Market Risk Mitigation
Chapter 12. Liquidity Risk in Islamic Banking
Urgency of Liquidity Risk
Credit Multiplier, Financial Stability and Liquidity Crises
Definition and Coverage of Liquidity Risk
Islamic Bank's Assets and Liabilities
Liquidity Risk Management in Islamic Banks
Part IV. Future Prospects and Challenges in Islamic Banking
Chapter 13. Development of the Islamic Financial Market
Islamic Capital Market
Derivative Islamic Market
Regulation and Supervisory in Islamic Financial Market
Institutional-Based Development Framework
Stability in Islamic Financial System: Lesson from Global Financial Risk
Chapter 14. Development of a Pricing Model in Islamic Banking
Fundamentals in Islamic Pricing Model
Time Value of Money in Pricing Model
Current Islamic Pricing Model
Urgency of Pricing Mechanism in Islamic Banks
Chapter 15. Pathways of Risk Management in Islamic Banks
Islamic Banks as Real Implementation of Risk Management
Challenges of Islamic Banking in the World
Blueprint for Islamic Banking Regulation
Prospects and Challenges of Islamic Banking Development
Strategic Issues in the Implementation of Islamic Risk Management
Chapter 16. Future Agenda
Landscape of Integrated Islamic Risk Management
Synergy and Integration among Islamic Financial Institutions
Competency and Competitiveness of Islamic Banking
Regulatory Agenda in the Future
Anticipating the Potential Systemic Risks
Part V. Conclusion
Chapter 17. Summary and Conclusion
Glossary
Bibliography
Index
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