nep-ara New Economics Papers
on MENA - Middle East and North Africa
Issue of 2014‒06‒07
four papers chosen by
Paul Makdissi
University of Ottawa

  1. Non-Performing Loans and Credit Managers' Role: A Comparative Approach from Pakistan and Turkey By Omar Masood; Mondher Bellalah; Walid Mansour; Frederic Teulon
  2. Corporate governance in Islamic financial institutions By Elasrag, Hussein
  3. Confrontation ou coopération avec les pays du Sud de la Méditerranée ? Choc ou convergence des civilisations ? By Frédéric TEULON; Linda PRINCE; Bernard TERRANY; Negar YOUSSEFIAN
  4. L'Egypte dans la tourmente : révolution ou normalisation ? By Jean Messiha; Frédéric Teulon

  1. By: Omar Masood; Mondher Bellalah; Walid Mansour; Frederic Teulon
    Date: 2014–06–02
  2. By: Elasrag, Hussein
    Abstract: This paper is one of few papers that highlight the importance of studying corporate governance for institutions offering Islamic financial services. The book is of value in describing governance in Islamic institutions and how there are many issues under the investigation process, especially issues related to the shari‘a Supervisory board and its functionality. One of the objectives of this paper is to discuss, and create greater awareness of, some of the crucial issues related to corporate governance in Islamic financial institutions. A second, but in fact more important, objective is to provide, in the light of this discussion, certain essential guidelines to improve corporate governance in these institutions and thereby enable them to not only maintain their momentum of growth and international acceptance but also safeguard the interests of all stakeholders. The paper gives particular attention to the mechanisms for corporate governance, including the Board of Directors, Senior Management, shareholders, depositors, and regulatory and supervisory authorities. It also focuses on the effective management of risks and, in particular, on creating a supporting environment through moral uplift, social, legal and institutional checks, greater transparency, internal controls, and Shari'a as well as external audit. The paper also indicates briefly the shared institutions that are needed for effective corporate governance.
    Keywords: Corporate governance,Islamic Finance,ISLAMIC FINANCIAL INSTITUTIONS,SHARI‘A GOVERNANCE
    JEL: G0 G15 G2 G21 G34
    Date: 2014–05–26
  3. By: Frédéric TEULON; Linda PRINCE; Bernard TERRANY; Negar YOUSSEFIAN
    Abstract: Muslim countries of the southern Mediterranean are the unthought of the West. We stayed in old patterns based on the idea of a clash of civilizations, an economic backwardness of Southern countries and the indissoluble nature of Islam in modernity. The recent revolutions in Arabic countries show that deep changes are at work and that Western intellectuals have difficulty thinking about the Third World, thinking what separates the countries and what brings them together.
    Keywords: Clash of civilizations, Islam, North/South
    Date: 2014–06–02
  4. By: Jean Messiha; Frédéric Teulon
    Abstract: The impeachment of President Mohamed Morsi is not strictly speaking a "putsch" in contrast
    Date: 2014–06–02

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