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dc.contributor.authorNathie, Mahmood
dc.date.accessioned2017-05-03T14:29:04Z
dc.date.available2017-05-03T14:29:04Z
dc.date.issued2010
dc.date.modified2013-05-29T09:23:43Z
dc.identifier.issn01281976
dc.identifier.urihttp://hdl.handle.net/10072/39098
dc.description.abstractRecent turmoil in financial markets has once again emphasised the need for regulatory vigilance-especially in relation to banks in distress and those experiencing a run on depositors' funds. The Islamic Bank Ltd of South Africa collapsed in 1997, and its failure exposed the cost of bad credit risk management, operational dysfunction and regulatory breaches. This study finds early regulatory intervention may have addressed major liquidity shortcomings and perhaps even forestalled the bank's collapse. Despite effective intervention measures, the evidence shows a run on funds fuelled by noise and loss of confidence is difficult to reverse without direct and significant central bank liquidity infusion and deposit guarantees. Evidence of poor management and dereliction of duty by external auditors to report on material irregularities reinforces the need for a new wholeof- regulatory approach. Further, Sharʑah compliance is found to be ineffectual without substantive legal support.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherInternational Shariah Research Academy for Islamic Finance
dc.publisher.placeKuala Lumpur
dc.publisher.urihttps://www.emeraldgrouppublishing.com/journal/ijif
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom7
dc.relation.ispartofpageto34
dc.relation.ispartofissue1
dc.relation.ispartofjournalISRA International Journal of Islamic Finance
dc.relation.ispartofvolume2
dc.rights.retentionY
dc.subject.fieldofresearchFinancial Institutions (incl. Banking)
dc.subject.fieldofresearchcode150203
dc.titleIslamic Bank Failure: A Case Study
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2010
gro.hasfulltextNo Full Text
gro.griffith.authorNathie, Mahmood


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