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Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East
Praise for Risk Management for Islamic Banks "I must congratulate the authors on this important piece of work which fills a critical gap in the literature. There are not that many books on the topic of risk management of Islamic banks and this volume is certainly one of the best ones on the topic. Risk management is not an easy topic to handle but this volume presents complex concepts and issues in a clear manner to enhance the understanding of the reader. This volume should be looked at seriously by every student and researcher of the topic. The authors should be commended for this service." Zamir Iqbal, Lead Financial Sector Specialist, World Bank Global Islamic Finance Development Center, Istanbul "With the increase in size of Islamic financial institutions and complexity of Islamic financial products and transactions, a greater need for comprehensive regulation and effective risk management is felt in the countries where Islamic banking and finance exist. This book is an excellent contribution to Islamic financial risk management, and will help teachers and trainers in the field to expose learners to a wide range of topics on the subject. While treatment of generic risk is consistent with the mainstream literature on risk management, it is the exposition of the unique risks facing Islamic banking and finance which makes the book a valuable resource for those who are looking to understand the regulatory and risk considerations of Islamic financial institutions. I expect this book to become an integral component in the curricula of undergraduate studies in Islamic banking and finance. The teaching staff at the universities offering postgraduate modules on Islamic banking and finance may also find the book of great relevance to the needs of their students." Humayon Dar, (Cantab), Globally Renowned Expert of Islamic Banking and Finance; Founder, Islamic Bankers Association "Although modern Islamic banking started 40 years ago, publications on risk management for Islamic banks are relatively limited. The efforts by four budding scholars to write on this topic are indeed laudable. This book discusses risk management for Islamic banks in a comprehensive manner and yet makes it easy for readers to understand. Practitioners, researchers, academics, and students will find it useful as it provides conceptual understanding as well as examines contemporary risk management practice in Islamic banks." Azmi Omar, Director General, Islamic Research and Training Institute - Islamic Development Bank Group
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