edited by Angelo M Venardos (Heritage Trust Group, Singapore)

About Angelo M Venardos
 

The phenomenal worldwide development over the past decade of Islamic banking and finance is drawing much attention to South East Asia, which, on the platform of its own economic growth success, is also proving to be the gateway for Middle Eastern petrodollar investments into the two great emerging markets of India and China.

This book provides a timely examination of the issues confronting this US$300–US$500 billion market growing at 15%–20% per annum, with reviews of the different financial markets, be they capital (sukuk), retail or wealth management. It further includes reviews from the various jurisdictions including Malaysia (the front-runner), Singapore (the regional financial hub), Brunei (an offshore Islamic market player) and the sleeping giant, Indonesia, as well as newly emerging participants such as Japan and the United States. Contributors, all well-known leading practitioners in their fields, range from lawyers, accountants, bankers and educators to policy advisors, and come from institutions like CIMB, Kuwait Finance House, OCBC Bank and PricewaterhouseCoopers, among others.

This book, the first of its kind, will be of great benefit to those seeking to better understand current developments and issues affecting Islamic banking in South East Asia, from both global and regional perspectives.

• Resilience and Stability — A Socio-Economic Response in South East Asia (A M Venardos)
• Brunei: A Niche Money Market for Offshore Islamic Finance (K A Khairuddin)
• Legal and Regulatory Issues Concerning Islamic Finance's Development in Malaysia (N N Thani & M M Hussain)
• Making Sense of the Fast-Growing Islamic Finance Market (T Maeda)
• Islamic Banks: Resilience & Stability — Not Immune from Crisis (S Akhtar)
• USA and Southeast Asia: Islamic Banking and Finance Development Opportunities (M Kuo)
• The Risk Profile of Mudaraba and Its Accounting Treatment (H S Latiff)
• Current Developments of Islamic Banking in Indonesia (H Hamzah)
• Islamic Trusts for Wealth Management (A Z Hj Abdul Rashid & K A Jamil)
• Islamic Capital Markets: A Growing Area for Investment (M Mahlknecht)
• Legal and Regulatory Changes to Promote the Development of Islamic Banking and Finance in Singapore (A Selvam)
• Lessons from the Pakistani Model (B Rasul)
• Islamic Structured Products: Issues and Challenges (A Bin Hasan)
• and other papers.