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Islamic banking and finance in south-east asia: its development and future (2nd edition): 3 (Asia-pacific Business Series) 2nd Edition
Author(s): Angelo M. Venardos (Author)
Publisher: Wspc
Publication Date: 30 Oct. 2006
Edition: 2nd
Language: English
Print length: 256 pages
ISBN-10: 9789812568885
ISBN-13: 9812568883
Book Description
To truly understand the current interest in the development of Islamic banking and finance in South-East Asia and how it is different from the conventional banking system, one must first understand the religious relationship originating from the Qur’an, and then trace the historical geographic and political developments of Islam over recent centuries. Only on this basis can the reader, without prejudice or cynicism, begin to appreciate Shari’ah law and Islamic jurisprudence. With this platform established in the first part of the book, readers are invited to learn about the financial products and services offered, understand the challenges in their development, and ultimately recognize the significant opportunities that Islamic banking and finance can provide both Muslims and non-Muslims. This second edition contains updates of statistics and dates with regards to the development of Islamic banking in Malaysia, Singapore, Indonesia and Brunei. In particular, the chapter on Singapore details significant developments such as the direction which major banks are taking towards Islamic banking and the increase in Islamic banking products being offered.Although written by a non-Muslim author, this highly-regarded book is being translated into Arabic by a leading Islamic university in the Middle East.
Editorial Reviews
Review
?… his insightful elucidation on the subject has nevertheless drawn widespread acclaim from critics all over the world
“This volume will be of value to anyone interested in the history, methods, and rules of Islamic finance in Southeast Asia. It is written by a non-Muslim who views the subject through a different prism, which makes the book unique.”
“Very well-written and informative … The author succeeds where most writers on this subject fail. He has produced a balanced and well-written study, which at no point in the text slips into value judgement. In this sense, he sets a standard for future studies of this ever-changing field. Angelo M Venardos’s book is about a mature modern banking system and the challenges of adapting to a changing business environment characterized by the globalization of the financial industry and the increasing sophistication of banking business.” — Mamouda Mbemap
Reviews of the First Edition “The author has done an excellent job of taking the reader through a variety of linked elements as they relate to Islam, e.g., history, law, economic development, culture, finance, banking… which have then been described within a variety of countries in the South-east Asian region.” — Charles F Steilen
About the Author
Angelo M Venardos has degrees in Economics and Marketing, an MBA, a Masters of Jurisprudence (Corp & Comm. Law), and a Doctorate of Legal Science in the area of the global regulation of offshore financial centers. A banker by training, he commenced his international career in Hong Kong in 1978. Born in Australia of Greek parents, Angelo is a permanent resident of Singapore, where he is the Executive Director and Founder of the Heritage Trust Group. Since writing this book, he has been an active speaker at international Islamic Banking seminars, forums and conferences conducted in Singapore, Malaysia and Australia.