Critical Issues and Challenges in Islamic Economics and Finance Development

This book explores contemporary issues and trends facing Islamic banks, businesses and economies as presented at the International Conference of Islamic Economics, Banking and Finance. The authors leverage current empirical research and statistics to provide unique and fresh perspectives on the changing world of Islamic finance. They focus specifically on to the implementation of Islamic financial instruments and services in global capital markets and how their success can be evaluated. Chapters feature case studies from all over the world including examples from Afghanistan, Bosnia and Herzegovina and the United Kingdom, to name a few. The breadth and immediacy of the research presented by the authors will appeal to practitioners and scholars alike. The global outlook and rich data-based approach adopted in this book guarantee that it is a timely and valuable addition to the field of Islamic finance. 

This book explores contemporary issues and trends facing Islamic banks, businesses and economies as presented at the International Conference of Islamic Economics, Banking and Finance. The authors leverage current empirical research and statistics to provide unique and fresh perspectives on the changing world of Islamic finance. They focus specifically on to the implementation of Islamic financial instruments and services in global capital markets and how their success can be evaluated. Chapters feature case studies from all over the world including examples from Afghanistan, Bosnia and Herzegovina and the United Kingdom, to name a few. The breadth and immediacy of the research presented by the authors will appeal to practitioners and scholars alike. The global outlook and rich data-based approach adopted in this book guarantee that it is a timely and valuable addition to the field of Islamic finance. 

Chapter 1) How Does Sovereign Sukuk Impact on the Economic Development of Developing Countries?: An Analysis of the Infrastructure Sector; Ahlidin Malikov.- Chapter 2) No Way Out for Sukuk Illiquidity?: Proposing Primary Dealer System for Sukuk Market; Ilham Reza Ferdian and Miranti Kartika Dewi.- Chapter 3) Possibility of Early Warning Signs (EWS) Application into the Quality management System of Credit Portfolio of Islamic Banks; Fikret Hadžić and Amir Softić.- Chapter 4) A look to the Cash Waqfs as Islamic Financial Institutions and Instruments;  Mehmet Bulut and Cem Korkut.- Chapter 5)The Implementation of Islamic Financial Services in Afghanistan – A Case; Natalie Schoon.- Chapter 6) All Weather Financial Portfolio Optimization With Islamic Constraints And Risk Minimization; Migdat I. Hodžić, Zlatko Dž. Sijerčić and Tarek Names.- Chapter 7) The Usefulness of Financial Ratios in Discriminating Between Healthy and Distressed Companies: a Case of anIslamic Bank; Nerma Saračević and Nataša Šarlija.- Chapter 8) Empowerment of Women in Islamic Economies – the Bosnia and Herzegovina Experience with a Focus on Business Problems in a Women’s Small Entrepreneurship; Munira Šestić and Sabina Ibrahimagić.- Chapter 9) Business Model and Operational Efficiency of Microfinance in Bosnia and Herzegovina – Lessons for Islamic Microfinance; Velid Efendić and Fikret Hadžić.- Chapter 10) A Brief Analysis of the Expected and Non-Expected Outcomes from the Application of Rome I Regulation in the European Zone in Light of Islamic Cross Border Transactions; Sultan Abdulsalam.