1st Edition

The Growth of Islamic Finance and Banking Innovation, Governance and Risk Mitigation

Edited By Hussain Qadri, M. Ishaq Bhatti Copyright 2020
    368 Pages
    by Routledge

    368 Pages 52 B/W Illustrations
    by Routledge

    This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field.

    The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models.

    This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.


    Chapter 1

    Standardization in the Islamic Banking & Financial System: The Methodology of Inclusion (Taqlid al-Madhahib)

    Chapter 2

    Recent Development in Islamic Finance and financial products

    Chapter 3

    On the role of ownership and governance structure in raising capital: A sukuk example

    Chapter 4

    Takāful (Islamic Insurance) on the Blockchain

    Chapter 5

    IT Based Finance Hub: A New Horizon towards Transparent Zakat Distribution Model *

    Chapter 6

    The Way Towards Standardizing Islamic Economic, Financial and Banking Fatawa

    Chapter 7

    The Fallacy of Conventional Benchmarks in Islamic Banking and Finance: Defining, Defending and Discussing with Evidence from Archival Data

    Chapter 8

    Influence of Leverage on Ownership Structure-Performance Relationship: A Panel Data Approach of Islamic & Conventional Banks of Pakistan

    Chapter 9

    Dynamic correlation and volatility linkage between stocks and sukuk

    Chapter 10

    Provision of Riba by Religious Faith: A Comparative Analysis

    Chapter 11

    Layers of Misconceptions about Islamic Banking: Are Islamic Banks Threats, Challenges and Opportunities for Investors

    Chapter 12

    Overview of Progress in Islamic Commercial and Social Finance in Pakistan

    Chapter 13

    Translation of Economic Verses by Shaykh-ul-Islam Dr Muhammad Tahir-ul-Qadri in the Light of Translation Studies: A Linguistic Translational Comparative Analysis

    Chapter 14

    Drawing inferences from Ali ibn Abi Talib’s Teachings on social, and collective responsibility for a fair and just economy

    Chapter 15

    Pricing anomaly: Tale of two similar credit-rated bonds with different yields

    Chapter 16

    Resolving Islamic Finance Disputes through Arbitration in the Middle East

    Chapter 17

    Formation of Tangible-Intangible Capital and Venture Philanthropy: An Innovation in Islamic Finance

    Chapter 18

    Theoretical, Practical vis-a-vis Legal Development in Islamic Banking: A case of Pakistan

    Chapter 19

    Islamic Safety Nets for the Poor: Pakistan’s Experience

    Concluding Remarks on the Growth of the IBF Industry


    Hussain Mohi-ud-Din Qadri is an Associate Professor at the School of Economics and Finance, Minhaj University, Lahore, Pakistan.

    M. Ishaq Bhatti is an Associate Professor and the Founding Director of the Islamic Banking and Finance Programme at Latrobe University, Australia.