Islamic Finance
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3.1 Prudential, Regulatory and Supervisory Criteria Tim Plews and Antony Hainsworth, Clifford Chance Introduction Islamic financ ...
164 Regulatory Issues only Shari’a-compliant products and services (eg. the State Bank of Pakistan); Informal two-tier system o ...
Prudential, Regulatory and Supervisory Criteria 165 business or a formal two-tier system of regulation of Islamic financial busi ...
166 Regulatory Issues Where specific regulation of Islamic financial business exists, such regulation usually addresses legal, r ...
Prudential, Regulatory and Supervisory Criteria 167 “[a]ny interest and other non-permissible earnings should be channelled to c ...
168 Regulatory Issues those assets for regulatory capital purposes and therefore the amount of free liquid capital that must be ...
3.2 Basel II and Capital Adequacy Natalie Schoon, Bank of London and Middle East Introduction The ethical framework governing Is ...
170 Regulatory Issues investment account holders by varying the percentage of profit taken as themudaribshare, which can be comp ...
Basel II and Capital Adequacy 171 Basel I was the first, fairly basic, framework tomeasuring capital adequacy, and one of the ma ...
172 Regulatory Issues Available approaches for credit risk “Credit risk” is defined as the risk that a counterparty will default ...
Basel II and Capital Adequacy 173 (ICAAP), which is prepared by banks and reviewed by supervisors. In addition, specific review ...
174 Regulatory Issues Although this is also a problem for any other start-up bank, conventional European and North American bank ...
Basel II and Capital Adequacy 175 argued that due to the stronger link between bank and counterparty, the chances of default in ...
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3.3 Regulations and Challenges in the UK Michael Ainley, Ali Mashayekhi, Robert Hicks, Arshadur Rahman and Ali Ravalia, The Fina ...
178 Regulatory Issues interest in trying to ensure that the conditions for a flourishing Islamic market are in place in London.” ...
Regulations and Challenges in the UK 179 partnerships, individuals and unincorporated associations are permitted by the FSA to c ...
180 Regulatory Issues develop in the UK, but it would not be appropriate, nor would it be legally possible, to vary its standard ...
Regulations and Challenges in the UK 181 obstacles that could not be overcome. This owes much to the collaboration between the F ...
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