Rodney Wilson – författare

Examines the resilience of Islamic banking during the global financial crisis and lessons for risk management. Do Islamic financial institutions perform better than their conventional counterparts during periods of financial stress? To what extent do systems for managing risk have to be adapted for Islamic financial institutions, given the unique characteristics of their assets and liabilities and the need for shari’ah compliance? These issues have come to prominence since the global financial crisis of 2007-8 and the subsequent recession, and are addressed in this book. The challenges for Islamic financial institutions are explored in an international post Basel II system where banks are required to have more capital and liquidity. Governance issues are also examined, given their influence on client and investor perceptions and their ultimate implications for institutional stability and sustainability.Offers an in-depth assessment of how Islamic banks weathered the financial crisis and what lessons can be learnt. Asks whether Islamic banks are inherently more stable than conventional banks during periods of economic stress. Examines how Islamic banks manage risk, focusing on liquidity risk and the use of forward contracts to mitigate currency risk. Appraises the work of internal shari’ah audit units and the use of shari’ah reports to reduce non-compliance risks. Features case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries.

This new edition examines how development in the Middle East is being influenced by global economic change. This comparative textbook focuses on the region’s strengths, and highlights development success, especially in the Gulf, Turkey and Israel. The major structural changes in the economies of the Middle East are analysed and current employment challenges are discussed.

The impact of demographic changes is considered, notably the dramatic decline in birth rates which will have implications for future employment. The contribution of banks and capital markets to the region’s development is appraised, including that of Islamic financial institutions which play a prominent role in the Gulf Cooperation Council (GCC) countries but are on the margins of the financial systems elsewhere. Historically, development in the GCC was linked to oil and gas production and prices, a key issue being whether these are being decoupled as economies diversify and become more self-sustaining. The evidence on this from the GCC is encouraging, with transparent and accountable financial management and major improvements in economic governance despite the lack of democracy.

Examining the drivers of economic development in the Middle East in a regional and global context, this fully updated textbook is a key resource for students and academics interested in economic development and the political economy of the Middle East.

This new edition examines how development in the Middle East is being influenced by global economic change. This comparative textbook focuses on the region’s strengths, and highlights development success, especially in the Gulf, Turkey and Israel. The major structural changes in the economies of the Middle East are analysed and current employment challenges are discussed.

The impact of demographic changes is considered, notably the dramatic decline in birth rates which will have implications for future employment. The contribution of banks and capital markets to the region’s development is appraised, including that of Islamic financial institutions which play a prominent role in the Gulf Cooperation Council (GCC) countries but are on the margins of the financial systems elsewhere. Historically, development in the GCC was linked to oil and gas production and prices, a key issue being whether these are being decoupled as economies diversify and become more self-sustaining. The evidence on this from the GCC is encouraging, with transparent and accountable financial management and major improvements in economic governance despite the lack of democracy.

Examining the drivers of economic development in the Middle East in a regional and global context, this fully updated textbook is a key resource for students and academics interested in economic development and the political economy of the Middle East.

Jordan occupies centre stage in both Middle Eastern and Arabic politics, yet the kingdom itself is comparatively under-researched. This volume contains contributions from some of Jordan''s most respected academics in the field of geography, economics and political science. A number of international specialists in Jordan have also made valuable contributions. The work covers important aspects of the Jordanian economic and political scene which have not yet been written about in English.

Aspects of Jordan''s consumer society are examined, including the question of foreign aid support, the role of the private sector, and the demand for consumer durables. The economic vulnerability which an open consumer society faces is illustrated in the chapter on the balance of payments and inflation. Despite economic and political problems, it is argued that Jordan has exhibited a certain economic resilience and that a national identity has been successfully fostered.

Jordan occupies centre stage in both Middle Eastern and Arabic politics, yet the kingdom itself is comparatively under-researched. This volume contains contributions from some of Jordan''s most respected academics in the field of geography, economics and political science. A number of international specialists in Jordan have also made valuable contributions. The work covers important aspects of the Jordanian economic and political scene which have not yet been written about in English.

Aspects of Jordan''s consumer society are examined, including the question of foreign aid support, the role of the private sector, and the demand for consumer durables. The economic vulnerability which an open consumer society faces is illustrated in the chapter on the balance of payments and inflation. Despite economic and political problems, it is argued that Jordan has exhibited a certain economic resilience and that a national identity has been successfully fostered.

When it was originally published this volume was the first comprehensive survey of the experience of Islamic banking throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan, Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between the countries in economic terms, it shows that the success of Islamic banks to a large extent reflects the immediate political environment. The complete Islamization of the financial systems of the more fundamentalist countries of Iran and Pakistan is compared with the divide between conventional interest-based systems and the new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan.

Islamic Financial Markets explores both international Islamic finance and the national markets in which Islamic banks operate, raising for the first time the issue of competition in Islamic banking. It also looks to the future, to retail development and wholesale possibilities which seem to be the next step forward in Islamic finance. Setting the subject in historical, religious and economic perspective, the book offers a comprehensive survey of the successful adaptation of an ancient financial system to meet the requirements of modern commerce.

When it was originally published this volume was the first comprehensive survey of the experience of Islamic banking throughout the Muslim world in Turkey, Egypt, Kuwait, Jordan, Sudan, iran, Pakistan and Saudi Arabia. Drawing comparisons between the countries in economic terms, it shows that the success of Islamic banks to a large extent reflects the immediate political environment. The complete Islamization of the financial systems of the more fundamentalist countries of Iran and Pakistan is compared with the divide between conventional interest-based systems and the new Islamic banks in Kuwait, Turkey, Egypt, Sudan and Jordan.

Islamic Financial Markets explores both international Islamic finance and the national markets in which Islamic banks operate, raising for the first time the issue of competition in Islamic banking. It also looks to the future, to retail development and wholesale possibilities which seem to be the next step forward in Islamic finance. Setting the subject in historical, religious and economic perspective, the book offers a comprehensive survey of the successful adaptation of an ancient financial system to meet the requirements of modern commerce.