Risk analysis for Islamic banks

• Main Author: Greuning, Hennie van.
• Other Authors: Iqbal, Zamir.
• Format: Electronic
• Language: English
• Published: Washington, D.C. : World Bank, c2008.
• Subjects: Banks and banking > Islamic countries.; Financial institutions > Islamic countries.; Risk management.; Bank management > Islamic countries.; Finance > Islamic countries.; Banks and banking.; Electronic books.; BUSINESS & ECONOMICS > Banks & Banking.
• Online Access: ebrary; View fulltext via EzAccess
• Physical Description: 1 online resource (xxiv, 309 p.) : ill.
• Bibliography: Includes bibliographical references (p. 276-280) and index.
• ISBN: 9780821371428 (electronic); 0821371428 (electronic)

Islamic finance is emerging as a rapidly growing part of the financial sector in the Islamic world and is not restricted to Islamic countries, but is spreading wherever there is a sizable Muslim community. According to some estimates, more than 250 financial institutions in over 45 countries practice some form of Islamic finance, and the industry has been growing at a rate of more than 15 percent annually for the past several years. The market's current annual turnover is estimated to be 70 billion, compared with a mere 5 billion in 1985, and is projected to hit the 100 billion mark by the tur.