The Future of Islamic Banking and Finance in Indonesia

Performance, Risk and Regulation

Romi Adetio Setiawan (Autor)

Buch | Hardcover

199 Seiten

2023
Routledge (Verlag)
978-1-032-49471-5 (ISBN)

Artikel merken

Sharia-compliance is the raison d’etre of Islamic banks. All of their instruments and activities should be based on sharia principles, which unfortunately exposes them to greater risks than their conventional counterparts, regulated under the dual banking system in Indonesia. These include inconsistencies between fatwas, unique reputational risks, and inefficiencies in the regulatory framework governing Islamic banks.

This book critically examines the less-studied issue of developing an Islamic banking regulatory and supervisory framework that considers the risk pressures faced by Islamic banks’ operations in an Indonesian financial sector dominated by conventional banks. The book assesses the extent to which the global financial standards of the Basel Accords have been followed by Islamic Banks in Indonesia, with respect to their regulation, supervision, and risk management, to highlight the unresolved tensions in the multiple regulatory and supervisory institutions. The book proposes a middle-ground approach that accommodates modification of the existing financial regulatory and supervisory system in line with international best practice. The reforms proposed in this book offer a way for financial regulatory and supervisory agencies to further develop modern Islamic law and finance.

The book will be a valuable resource for scholars and policymakers interested in the dual banking system in Indonesia.

Romi Adetio Setiawan is a Lecturer of Islamic Banking and Finance Law at the State Islamic University of Bengkulu, Indonesia.

1. Introduction 2. Sources of Islamic Law in Indonesia 3. The Regulation of the Banking System in Indonesia 4. Islamic Banking Regulation and Supervision 5. Islamic Financial Instruments in Indonesia 6. Islamic Derivatives in Indonesia: Debate and Legal Challenges 7. Implementation of Basel Accords and Implications for Islamic Banking 8. Risk and Risk Management in Islamic Banking 9. Reform Proposals, Further Research, and Conclusion

Erscheinungsdatum	21.07.2023
Reihe/Serie	Islamic Business and Finance Series
Zusatzinfo	5 Tables, black and white; 8 Line drawings, black and white; 8 Illustrations, black and white
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	557 g
Themenwelt	Recht / Steuern ► Allgemeines / Lexika
	Recht / Steuern ► EU / Internationales Recht
	Sozialwissenschaften ► Soziologie ► Spezielle Soziologien
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-032-49471-9 / 1032494719
ISBN-13	978-1-032-49471-5 / 9781032494715
Zustand	Neuware