Search Results for "saudi-capital-market-development-and-challenges-international-banking-and-finance-law"

Saudi Capital Market

Saudi Capital Market

Development and Challenges

  • Author: Bader Alkhaldi
  • Publisher: Kluwer Law International B.V.
  • ISBN: 9041183523
  • Category: Law
  • Page: 322
  • View: 6402
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A thriving capital market, one that not only brings investment funds into a country but also distributes profits in a transparent manner, is essential for any economy, especially a rapidly developing one such as Saudi Arabia. Already a key player on the world stage, the Kingdom is going through a major planned economic transformation and diversification. In particular, a robust and transparent capital market, with a high level of integrity and sound enforcement, is well on the way to fruition. This book is the first in English to analyse and evaluate the roles of economic planning and a capital market in Saudi Arabia’s economic modernization. In the process of examining the level of transparency and fairness in Saudi Arabia’s capital market, the author provides detailed information and analysis of such issues and topics as the following: – market disclosure rules; – insider trading laws; – gaps in enforcement; – dispute resolution; – role of securities agencies; – Saudi Arabia’s position in international organizations; and – repercussions of the 2006 Saudi stock market collapse. The author draws on a wide range of sources in both English and Arabic, and concludes with well-grounded proposals for appropriate judicial, administrative, and enforcement policies. Investors, their management and attorneys, and other advisors with an eye on trade development in the Middle East will derive great benefit from the current and detailed information in this book. Lawyers and policymakers will discover all they need to know about the Saudi capital market, its developing trends, and applicable laws.

The Legal and Regulatory Aspects of Islamic Banking

The Legal and Regulatory Aspects of Islamic Banking

A Comparative Look at the United Kingdom and Malaysia

  • Author: Abdul Karim Aldohni
  • Publisher: Routledge
  • ISBN: 1136703152
  • Category: Business & Economics
  • Page: 264
  • View: 6089
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During the last ten years the Islamic banking sector has grown rapidly, at an international level, as well as in individual jurisdictions including the UK. Islamic finance differs quite substantially from conventional banking, using very different mechanisms, and operating according to a different theory as it is based on Islamic law. Yet at the same time it is always subject to the law of the particular financial market in which it operates. This book takes a much-needed and comprehensive look at the legal and regulatory aspects which affect Islamic finance law, and examines the current UK and international banking regulatory frameworks which impact on this sector. The book examines the historical genesis of Islamic banking, looking at how it has developed in Muslim countries before going on to consider the development of Islamic banking in the UK and the legal position of Islamic banks within English law. The book explores company, contract, and some elements of tax law and traces the impact it has had on the development of Islamic banking in the UK, before going on to argue that the current legal and regulatory framework which affects the Islamic banking sector has on certain occasions had an unintended adverse impact on Islamic banking in the UK. The book also provides an overview of the Malaysian experience in relation to some of the main legal and regulatory challenges in the context of Islamic banking and finance.

Islamic Capital Markets and Products

Islamic Capital Markets and Products

Managing Capital and Liquidity Requirements Under Basel III

  • Author: Simon Archer,Rifaat Ahmed Abdel Karim
  • Publisher: John Wiley & Sons
  • ISBN: 1119218810
  • Category: Business & Economics
  • Page: 328
  • View: 4984
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Ensure Basel III compliance with expert analysis specific to Islamic Finance Islamic Capital Markets and Products provides a thorough examination of Islamic capital markets (ICM), with particular attention to the products that they offer and the legal and regulatory infrastructure within which they operate. Since Islamic banks act as asset managers, attention is paid to the regulatory challenges which they face in the light of Basel III, as regards both eligible capital and liquidity risk management. The authors of the chapters are professionals and practitioners, and write from experience. The editors also contributed to some of the chapters. The markets and products covered include Islamic equities, Islamic investment certificates (Sukūk) which are Shari'ah compliant alternatives to conventional bonds, and Islamic Collective Investment Schemes. The coverage of legal and regulatory issues includes an examination of the implications for ICM of securities laws and regulations and of Basel III, as well as collateralisation issues. Shari'ah compliance aspects, in terms both of the selection criteria for Islamic equities and of the 'purification' of impermissible components of income, are also examined in some detail, as are the implications of Basel III for eligible capital in general and for Shari'ah compliant capital instruments in particular. A similar analysis is also made of the implications of the Basel III requirements for liquidity risk management and high quality liquid assets (HQLA), including Shari'ah compliant HQLA. The book concludes with three case studies, two describing the ICM in Malaysia and Bahrain and a third which describes Sukūk issued as Shari'ah compliant capital instruments, followed by brief concluding remarks by the editors.

The Saudi Arabian Economy

The Saudi Arabian Economy

Policies, Achievements, and Challenges

  • Author: Mohamed A. Ramady
  • Publisher: Springer Science & Business Media
  • ISBN: 9781441959874
  • Category: Business & Economics
  • Page: 512
  • View: 6725
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The Saudi Arabian economy has changed almost beyond recognition since the oil boom days of the 1980s, and the Kingdom itself has changed too economically, socially, and demographically. In the second edition of The Saudi Arabian Economy, Mohamed Ramady uses several overlapping themes to establish and develop a framework for studying the fundamental challenges to the Saudi economy. Particular attention is paid to the benefits of short-term planning and long-term diversification intended to shield the economy from potentially de-stabilizing oil price fluctuations and the pace and diversity of domestic reforms. The author examines the core strengths and evolution of various financial institutions and the Saudi stock market in the face of globalization, before analyzing the private sector in detail. Topics discussed include: • The hydrocarbon and minerals sector, including the emergence of the competitive petrochemical sector • The impact of small and medium sized businesses and the evolving role of “family” businesses • The growing role of women in the Saudi economy • The role of privatization and FDI as engines of change and the position of public-private-partnerships • The establishment of a foundation for a knowledge-based economy Finally, the author offers an analysis of the key challenges facing the Saudi economy, paying particular attention to the potential costs and benefits of globalization, and membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council, as well as Saudi Arabia’s evolving strategic economic relations with China and other countries are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.

Legal, Regulatory and Governance Issues in Islamic Finance

Legal, Regulatory and Governance Issues in Islamic Finance

  • Author: Rodney Wilson
  • Publisher: Edinburgh University Press
  • ISBN: 0748655271
  • Category: Religion
  • Page: 256
  • View: 2542
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A detailed examination of Islamic banking laws and regulatory systems governing Islamic finance worldwide

Islamic Asset Management

Islamic Asset Management

Forming the Future for Shari'a-compliant Investment Strategies

  • Author: Bayt al-Tamwīl al-Kūwaytī,National Commercial Bank (Saudi Arabia)
  • Publisher: Euromoney Books
  • ISBN: 9781843741213
  • Category: Banks and banking
  • Page: 289
  • View: 7611
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Understand the aspects of structuring and investing by learning from more than 20 leading experts in the field of Islamic finance from across the globe and across the world of Islamic Asset Management.

The Report: Saudi Arabia 2013

The Report: Saudi Arabia 2013

  • Author: N.A
  • Publisher: Oxford Business Group
  • ISBN: 9781907065767
  • Category:
  • Page: N.A
  • View: 3094
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The American Bar

The American Bar

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Lawyers
  • Page: 4044
  • View: 6312
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Islamic Banking and Finance

Islamic Banking and Finance

  • Author: Mondher Bellalah
  • Publisher: Cambridge Scholars Publishing
  • ISBN: 1443849995
  • Category: Business & Economics
  • Page: 295
  • View: 434
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Islamic finance is founded on principles that constitute the guidelines governing any Islamic economic or financial dealings. Innovative financial engineering today constitutes one of the most critical needs of Islamic financial institutions. It represents the forces that will drive Islamic finance toward continuous growth and efficiency. The structuring of new financing and Shariah-complaint instruments plays an important role in the enhancement of Islamic financial markets, and Islamic risk management practices, combining basic Shariah-complaint financial instruments within Shariah structures to precise identified needs. The financial engineering process in Islamic finance is a process that is very sensitive and complex. It requires multidisciplinary considerations, involving deep knowledge of finance, economy, Shariah law and commercial law. Divergence of opinions among different Shariah scholars and boards, as well as the absence or lack of effectiveness of a central regulatory body, is perceived as an obstacle to the growth of investment confidence in Islamic finance. Hence, innovation, along with greater uniformity, is essential to make Islamic finance an international financial system and to attract a greater number of customers. This book addresses the main issues of concern within Islamic banking, namely the development of conceptual framework, the viability of interest-free banking, and the assessment of its performance and future. In a world where conventional interest-based finance is the dominant framework, Islamic banking faces many challenges that must be addressed. This book discusses these issues and challenges and will be of great interest to both researchers and practitioners. It analyses the past experiences of Islamic banks worldwide, and provides an objective assessment of their successes and failures.

MEED.

MEED.

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Middle East
  • Page: N.A
  • View: 1724
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