As part of Societe Generale's series of Meet the Experts presentations, Philippe Dufay and Mohamed Virani discuss Islamic finance.
A fundamental tenet of Islamic finance is that money cannot produce money, it is merely considered as a medium of exchange and, hence, interest is prohibited. On the other hand, investing in the real tangible economy is considered an essential element of structuring Islamic financial transactions. Within the evolution of the industry, the most noteworthy phenomenon recently has been the emergence of Islamic institutional investors who, by their charter, are required to invest in a sharia-compliant manner. Our Islamic products address the requirements within sharia for risk management, and our early recognition of this market has placed us among the leading global providers of Islamic products.
Register to watch the presentation Islamic capabilities at the crossroads of Islamic finance and structured solutions, available for on-demand viewing
More on Risk Management
This issue of The Journal of Risk Model Validation commences with a paper by Pilar Abad, Sonia Benito Muela and Carmen López Martín entitled "The role of the loss function in value-at-risk comparisons",...
ABSTRACT We demonstrate how introducing economic variables into a credit scorecard improves the predictive power of that scorecard. Such a scorecard can forecast default rates accurately, even when economic...
ABSTRACT In this paper, we discuss the evolution of the financial economic events that preceded the triggering of the subprime crisis. This crisis shares similarities with episodes that occurred in the...
ABSTRACT This paper examines whether the comparison of value-at-risk (VaR) models depends on the loss function used for such a purpose.We showa detailed comparison for several VaR models for two groups...
Sign up for Risk.net email alerts
Exchange plans to attract foreign money into India through enhanced technology
Systemically important status seen as business threat by asset managers
Recent Iosco consultation paper aims to better co-ordinate global regulation
Sponsored video: MSCI
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.