Purpose - This paper aims to critically investigate the liquidity risk management of Islamic banks and develop an alternative regulatory framework appropriate for liquidity management of these banks. Design/methodology/approach - The specific risk profile of an Islamic bank requires developing a...

Frontmatter -- Preface -- Contents -- 1 Introduction, Objectives and Motivation -- 2 Importance, Drivers and Implications of Liquidity Management, and Liquidity Standards -- 3 Liquidity Tools for Liquidity Management in Islamic Banks -- 4 Basel Regulations, Liquidity Management and Regulations...

Accessibility to finance -- Alternative financial systems -- Fragility of debt -- Religion and economics -- The inconsistencies of financial modeling -- Fragility of statistics -- Mandelbrot's fat tails -- Thinking fast (and slow) with Kahneman -- Taleb's black swan -- Risk-sharing --...