Islamic Retail Banking and Finance

Global Challenges and Opportunities
Erscheinungsjahr 2005
ISBN: 978-1-84374-198-5
Verlag: Euromoney

Buch, Englisch, 222 Seiten

With conventional banks in the west opening Islamic windows to service their Islamic customers, the establishment of the first discrete Islamic retail bank in Europe, and the conversion of entire banking functions to Islamic alternatives, Islamic retail products are increasingly moving to the mainstream. Offerings of Islamic mortgages, savings, insurance and retail investment products are part of a global expansion of the financial industry which are increasingly competitive with conventional financial products.

Islamic Retail Banking and Finance is the first book of its kind bringing together the leading banks, lawyers, accountants and retail product providers who have been involved in the rapid expansion of the Islamic retail industry throughout the globe.

Our contributors provide the reader with discussions of:

Market for Islamic retail products
Products available, how they differ from conventional alternatives, and their basis in Islamic law
The development of mortgage and home finance schemes, takaful, savings plans, auto finance products and equity investment products
How banks, insurance providers and asset managers can manage consumer education, what are the cultural and ethical constraints
The experience of training Islamic bankers
How to manage liquidity and credit issues
What are the regulatory constraints and challenges faced by Islamic retail product providers, and the experience of those who have successfully launched their products
The experience of those involved in conversion of Islamic retail banking functions
Legal and taxation issues
The views from regulatory authorities themselves

With contributions from institutions and individuals including: Clifford Chance, Deutsche Bank, Ernst and Young, Failaka, Financial Services Authority, FWU Group, London Special Risks, Meezan Bank, Shape, Sharjah Islamic Bank, State Bank of Pakistan, Vinson and Elkins, Volaw Trust, Shaykh Yusuf deLorenzo and Prof. Rodney Wilson.

Autoren/Hrsg.

Jaffer, Sohail

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Geisteswissenschaften Islam & Islamische Studien Islam & Islamische Studien

Über Autor(innen)

Sohail E Jaffer is a Managing Director of Premium Select Lux SA, an asset management subsidiary of the FWU Group. The company is based in Luxembourg and specialises in Multimanager and Quant based investments. He is also a Partner and the Head of International Sales and Distribution for ‘white label’ bancassurance, bancatakaful and asset management services within the FWU Group, an independent financial services group headquartered in Munich. The Group’s main activities include asset management, bancassurance and individual pension plans. He successfully concluded several major bank distribution deals. The Group’s branch network includes Luxembourg, Italy, UAE and Malaysia.

Mr Jaffer is currently a Council member of the Alternative Investment Management Association (AIMA). He also served as Chairman of the Association for two consecutive terms for the period 1997 to 2000. He has written extensively on alternative investments, including editing Alternative Investment Strategies, Funds of Hedge Funds: For Professional Investors and Managers, Hedge Funds: Crossing the Institutional Frontier and contributing a chapter each to Evaluating and Implementing Hedge Fund Strategies (third edition), and The New Generation of Risk Management for Hedge Funds and Private Equity Investments all published by Euromoney books. He recently also edited the new Euromoney publication on Multi-manager Funds: Long-only strategies for Managers and Investors and three publications on Islamic Asset Management, Islamic Retail Banking and Finance and Islamic Insurance (Takaful).

Sohail is also a member of ALFI’s Asset Management Advisory Committee and of ALFI’s Hedge Fund Committee. ALFI is the Association of the Luxembourg Funds Industry.