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Money, Islamic Banks and the Real Economy 2nd Edition
Abdul Ghafar Ismail
ISBN-13: 9789670357584 | ISBN-10: 9670357586
© 2018  |  NA  Pages

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Paperback
US $69.95
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This book is intended to develop some important discourses on three important subjects, that is, money, Islamic banks and the real economy. The discussion on money will highlight the role of money as capital and medium of exchange. It starts with an understanding of why money is so important to the smooth functioning of the economy and how it improves human wellbeing, we need to understand exactly what money is. To quantify the impact of money on the economy, we need to be able to measure it. The goals of these discussions is to understand what the concept of money is, how we use it, how we measure it and how we channel it to Islamic banking. The discourse on Islamic banks will focus on the management of Islamic banks’ funds. After completing this, we should be able to: explain the composition of a typical Islamic bank’s balance sheet and the interrelationships between its accounts, including assets, liabilities and owners’ equity; note the use and important of call reports, and state why balance sheets must be accurate and timely. In this discourse, we also examine how regulators regulate and supervise Islamic banking operations. Finally, the link between money, Islamic banks and the real economy will become the third discourse of this book. The contribution of the Islamic banking industry to the current economic order is based upon a renewed application of Islamic law (or the Shariah), in modern economic and financial transactions. These measures must be seen as integral to developing the Islamic ideals of society and economy, based on the Islamic principles of social justice and humanity.



  • Part I: Money and the Islamic Banking System.
    Chapter 1 : An Introduction to Money and the Islamic Banking System
    Chapter 2 : Money and the Payment System
    Chapter 3 : Financial Instruments, Financial Markets and Islamic Banking
    Institutions
    Part II: Islamic Banking Operations.
    Chapter 4 : Introduction to Basic Contracts in Islamic Banking
    Chapter 5 : Sources of Funds
    Chapter 6 : Uses of Funds
    Chapter 7 : Income Statement
    Part III: Islamic Banks Performance.
    Chapter 8 : Evaluating Islamic Bank Performance
    Chapter 9 : Analyzing Islamic Bank Performance with Financial Ratios
    Part IV: Risk Management.
    Chapter 10 : Understanding Risk
    Chapter 11 : Managing Risk
    Part V: The Regulatory And Supervisory Environments
    Chapter 12 : Regulation
    Chapter 13 : Supervision
    Part VI: Capital, Liabilities, Assets And Off-Balance Sheet Management
    Chapter 14 : Capital Management
    Chapter 15 : Liabilities Management
    Chapter 16 : Assets Management
    Chapter 17 : Off-Balance Sheet Management
    Part VII: The Real Economy
    Chapter 18 : The Economics of Islamic Banking System
    Chapter 19 : The Central Bank
    Chapter 20 : Monetary Policy Transmission
    Chapter 21 : Islamic Banking System and The Real Economy
    Index

      • Explains the composition of a typical Islamic bank’s balance sheet and the interrelationships between its accounts, including assets, liabilities and owners’ equity; note the use and importance of Call Reports, and state why balance sheets must be accurate and timely.
      • Examines how regulators regulate and supervise Islamic banking operations.
      • Highlights the link between money, Islamic banks and the real economy.
      • Updated examples and questions in the book.
    For more information about these supplements, or to obtain them, contact your Learning Consultant

    • Abdul Ghafar Ismail is professor of Islamic financial economics, Faculty of Islamic Economics and Finance, Universiti Islam Sultan Sharif Ali. He was attached to Islamic Research and Training Institute, Islamic Development Bank and School of Economics, Universiti Kebangsaan Malaysia from 2013 until 2017 and 1987 until 2016, respectively. He has teaching experience in several economics and finance courses such as Islamic economic systems, Islamic financial system, money and banking, financial economics, advanced macroeconomics, Islamic economics system, Islamic money and capital market; international finance; Islamic banking; money, zakat and the real economy; risk management in Islamic banking; Islamic financial management. His papers have been published in several journals among others; Journal of Business Ethics, Review of Islamic Economics, Humanomics, International Journal of Social Economics, Saving and Development, Review of Financial Economics Journal of Financial Services Marketing; International Journal of Islamic and Middle Eastern Finance and Management, Qualitative Research in Financial Markets, and Investment Management and Financial Innovations. His recent books include Policy Discussion on Maqasid Shariah for Social Economic Development, Macroprudential Regulation and Policy for the Islamic Financial Industry, Ar Rahnu: Islamic Pawnbroking, Islamic Financial Literacy and BMT: Praktik dan Kasus.