UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

Call for Papers: 5th International Conference on Islamic Banking and Finance – Risk Management, Regulation, and Supervision (Central Bank of Jordan; October 6th-8th, 2012)

5th INTERNATIONAL CONFERENCE ON ISLAMIC BANKING AND FINANCE: RISK MANAGEMENT, REGULATION, AND SUPERVISION

ORGANIZERS:

Central Bank of Jordan (Amman), Jordan, Islamic Research and Training Institute, and the Islamic Development Bank, Jeddah.

DATES: October 06-08, 2012.

VENUE: Central Bank of Jordan, Jordan.

CALL FOR PAPERS

During the last 30 years Islamic banking and finance has contributed significantly to the development of financial sectors and deepening of financial services in several countries thus significantly contributing to economic development and social progress. As Islamic banking and finance is expanding rapidly worldwide, its systemic importance for the stability of national, regional and global financial system is also increasing fast. By combining the premise of Islamic finance with the implementation of internationally accepted standards of best practices, a more efficient and stable financial system could be established. The objectives of the conference include: Taking stock of the relevance of Islamic banking and finance for financial and banking stability, studying the unique risks of Islamic banking and finance and facilitating the development of risk management culture in the Islamic financial institutions by prudential regulation and effective supervision in the light of the emerging Islamic financial architecture.

Central Bank of Jordan (CBJ), Jordan, and the Islamic Research and Training Institute [IRTI] – a member of the Islamic Development Bank (IsDB) Group, Jeddah, are pleased to announce the above conference.

Original empirical and theoretical papers of high quality will be presented to the conference addressing the following themes.

FINANCIAL STABILITY; Factors effecting financial stability, role of paradigm and support institutions in ensuring financial stability, empirical works on the stability of Islamic banks vis-à-vis traditional banks during financial distress, Global financial crisis, Southeast Asian financial crisis and relative performance of Islamic financial institutions, early warning systems such as the balance-sheet approach and their suitability for emerging economies,

COMPARATIVE FINANCIAL SYSTEMS; Comparing the paradigms of universal banking, Islamic banking and traditional banking and its implications for leveled playing field, cross-sector consolidation of activities and cross- sector risk transmission, implications for banking supervision,

UNIQUE RISKS OF ISLAMIC MODES OF FINANCE; Systemic risks, credit risks, market risks, fiduciary risks, liquidity risks etc., particularly stemming from the unique asset and liability structures of Islamic banks due to Shari’ah compliance, perception of banks and regulators regarding these risks, financial risks underlying Sukuk structures,

ISLAMIC FINANCIAL ARCHITECTURE; An in-depth analysis of the challenges facing the infrastructure institutions of the Islamic finance industry: (i) Shari’ah Supervisory Boards, (ii) Accounting and Auditing Organization for Islamic Financial Institutions, (iii) Islamic Financial Services Board, (iv) International Islamic Rating Agency, (v) International Islamic Financial Market, (vi) Arbitration and Reconciliation Center for Islamic Financial Institutions, interaction with the international financial architecture,

IFSB STANDARDS & BASEL II AND ITS IMPLICATIONS FOR ISLAMIC BANKS; Capital requirements, credit risk weighting of assets (standardized and internal rating based approaches), treatment of leases, micro finance, project finance, operational risks, market risks, securitization and Islamic banking and market disciplines, and implications of supervisory review process,

RISK MANAGEMENT INSTRUMENTS AND SYSTEMS; Case studies from Islamic banks, theoretical studies of risk management instruments and systems (risk reporting, internal rating systems, market and credit VaR, RAROC, collateral, loan loss provisioning, swaps and futures, credit derivatives, contractual risk mitigation etc),

CORPORATE & SHARIAH GOVERNANCE; corporate governance issues specially confronted by the different segments of the Islamic financial services industry,

UNRESOLVED FIQHI ISSUES IN ISLAMIC BANKING AND FINANCE; Fiqh appraisal of risk management instruments and developing alternatives or adapting instruments, treatment of defaults, operating vis-à-vis financial leases, asset securitization, importance of managing bank capital and its implications for business risk etc.,

CASE STUDIES IN REGULATION AND SUPERVISION OF ISLAMIC BANKS; Islamic banking regulation and supervision, Shari’ah compliance a matter of regulation or market discipline, Application of supervisory risk assessment tools (CAMELS etc), risk weighting of assets of Islamic banks, treatment of investment and current accounts, sources of capital, disclosure and transparency requirements, applications of international standards, financial reporting and disclosures, compliance with Core Principles etc., comparatives systems of effective Islamic banking supervision,

FINANCIAL INCLUSION & FINANCIAL SECTOR DEVELOPMENT POLICIES; supportive environment with special emphasis on financial inclusion – deposit insurance, legal & tax framework, market microstructures, monetary and fiscal policy response, LLR facilities etc. for strengthening the Islamic financial institutions.

IMPORTANT DATES:

Submission of Abstracts: June, 15, 2012.

Short-Listing Decision on Abstracts: June, 29, 2012.

Submission of Papers: August 15, 2012.

Final Decision on Papers: September 15, 2012.

International Conference: October 06-08, 2012.

TICKETS AND HOTEL:

Authors of the accepted papers from outside of Jordan (one author in case of co-authored papers) will be covered for a round-trip economy class air ticket and hotel accommodation during the conference.

ACADEMIC CONTACTS:

Dr. Abd elrahman Elzahi Saaid Ali:

Islamic Economic Research Division IRTI/IsDB;
 E-mail: aelzahi@isdb.org;
Fax: 966 2 6378927.

Hasan Aburashed:

Central Bank of Jordan, 
P.O. Box: 37 Amman, 11118, Jordan; E-mail: Hasan.Aburashed@cbj.gov.jo;
 Tel: 962 6 4630301; Fax: 962 6 4638889.

UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

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