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The phenomenal worldwide development over the past decade of Islamic banking and finance is drawing much attention to Southeast Asia, which, on the platform of its own economic growth success, is also proving to be the gateway for Middle Eastern petrodollar investments into the two great emerging markets of India and China.
This book provides a timely examination of the issues confronting this US$300–US$500 billion market growing at 15%–20% per annum, with reviews of the different financial markets, be they capital (Sukuk), retail or wealth management. It further includes reviews from the various jurisdictions including Malaysia (the front-runner), Singapore (the regional financial hub), Brunei (an offshore Islamic market player) and the sleeping giant, Indonesia, as well as newly emerging participants such as Japan and the United States. Contributors, all well-known leading practitioners in their fields, range from lawyers, accountants, bankers and educators to policy advisors, and come from institutions such as CIMB, Kuwait Finance House, OCBC Bank and PricewaterhouseCoopers, among others.
This book, the first of its kind, will be of great benefit to those seeking to better understand current developments and issues affecting Islamic banking in South East Asia, from both global and regional perspectives.
Sample Chapter(s)
Foreword (29 KB)
Chapter 1: Resilience and Stability:Socioeconomic Responsein Southeast Asia (94 KB)
Contents:
- Resilience and Stability: Socioeconomic Response in Southeast Asia (A M Venardos)
- Legal and Regulatory Changes to Promote the Development of Islamic Banking and Finance in Singapore (A Selvam)
- Brunei: A Niche Money Market for Offshore Islamic Finance (K A Khairuddin)
- The Risk Profile of Mudaraba and Its Accounting Treatment (H S Latiff)
- Legal and Regulatory Issues Concerning Islamic Finance's Development in Malaysia (N N Thani & M Hussain)
- Recent Legal and Regulatory Developments for Islamic Banking and Finance in Indonesia (H Hamzah)
- Making Sense of the Fast-Growing Islamic Finance Market (T Maeda)
- The Growth of Islamic Finance in Southeast Asia: Regulatory Challenges and Opportunities for the United States (M A Kuo)
- An Introduction to the Laws and Practices of Islamic Trusts and the Distribution of a Trust Upon Maturity (A M Venardos & A Z A Rashid)
- Lessons from the Pakistan's Model (B Rasul)
- Islamic Structured Products: Issues and Challenges (A Hasan)
- Islamic Banks: Resilience and Stability — Not Immune from Crisis (S Akhtar)
- Islamic Capital Markets: A Growing Area for Investment (M Mahlknecht)
- Short-Selling Replication in Islamic Finance: Innovation and Debate in Malaysia and Beyond (R Calder)
Readership: Lawyers, accountants, bankers, regulators, policy advisors, academics, and upper-level undergraduate and graduate students in Islamic studies, banking and finance.
