The paper provides robust evidence that compliance with Basel Core Principles (BCPs) has a strong positive effect on the Z-score of conventional banks, albeit less pronounced on the Zscore of Islamic banks. Using a sample of banks operating in 19 developing countries, the results appear to be driven by capital ratios, a component of Z-score for the two types of banks. Even though smaller on Islamic banks, individual chapters of BCPs also suggest a positive effect on the stability of conventional banks. The findings support the effective role of BCP standards in improving bank stability, whose important implications led to the Islamic Financial Services Board (IFSB) publication of new recommendations in 2015 to bring BCP standards in line with the Core Principles for Islamic Finance Regulation (CPIFRs) standards. Our findings suggest that because Islamic banks are benchmarked closely to BCPs, the implementation of CPFIRs should also positively affect their stability.
The Umayyad caliphate, ruling over much of what is now the modern Middle East after the death of the Prophet Muhammad, governe from Damascus from 661 to750CE, when they were expelled by the Abbasids. Here, Mohammad Rihan sheds light on the tribal system of this empir, by looking at one of its Syrian tribes; the 'Amila, based around today's Jabal 'Amil in southern Lebanon. Using this tribe as a lens through which to examine the wider Umayyad world, he looks at the political structures and conflicts that prevailed at the time, seeking to nuance the understanding of the relationship between the tribes and the ruling elite. For Rihan, early Islamic political history can only be understood in the context of the tribal history. This book thus illustrates how the political and social milieu of the 'Amila tribe sheds light on the wider history of the Umayyad world. Utilizing a wide range of sources, from the books of genealogies to poetry, Rihan expertly portrays Umayyad political life. First providing a background on 'Amila's tribal structure and its functions and dynamics, Rihan then presents the pre-Islamic past of the tribe. Building on this, he then investigates the role the 'Amila played in the emergence of the Umayyad state to understand the ways in which political life developed for the tribes and their relations with those holding political power in the region. By exploring the literature, culture, kinship structures and the socio-political conditions of the tribe, this book highlights the ways in which alliances and divisions shifted and were used by caliphs of the period and offers new insights into the Middle East at a pivotal point in its early and medieval history. This historical analysis thus not only illuminates the political condition of the Umayyad world, but also investigates the ever-important relationship between tribal political structures and state-based rule.
This book presents three distinct pillars for analysis, design, and planning: urban water cycle and variability as the state of water being; landscape architecture as the medium for built-by-design; and total systems as the planning approach. The increasing demand for water and urban and industrial expansions have caused myriad environmental, social, economic, and political predicaments. More frequent and severe floods and droughts have changed the resiliency and ability of water infrastructure systems to operate and provide services to the public. These concerns and issues have also changed the way we plan and manage our water resources. Focusing on urban challenges and contexts, the book provides foundational information regarding water science and engineering while also examining topics relating to urban stormwater, water supply, and wastewater infrastructures. It also addresses critical emerging issues such as simulation and economic modeling, flood resiliency, environmental visualization, satellite data applications, and digital data model (DEM) advancements. Features: Explores various theoretical, practical, and real-world applications of system analysis, design, and planning of urban water infrastructures Discusses hydrology, hydraulics, and basic laws of water flow movement through natural and constructed environments Describes a wide range of novel topics ranging from water assets, water economics, systems analysis, risk, reliability, and disaster management Examines the details of hydrologic and hydrodynamic modeling and simulation of conceptual and data-driven models Delineates flood resiliency, environmental visualization, pattern recognition, and machine learning attributes Explores a compilation of tools and emerging techniques that elevate the reader to a higher plateau in water and environmental systems management Water Systems Analysis, Design, and Planning: Urban Infrastructure serves as a useful resource for advanced undergraduate and graduate students taking courses in the areas of water resources and systems analysis, as well as practicing engineers and landscape professionals.
The paper provides robust evidence that compliance with Basel Core Principles (BCPs) has a strong positive effect on the Z-score of conventional banks, albeit less pronounced on the Zscore of Islamic banks. Using a sample of banks operating in 19 developing countries, the results appear to be driven by capital ratios, a component of Z-score for the two types of banks. Even though smaller on Islamic banks, individual chapters of BCPs also suggest a positive effect on the stability of conventional banks. The findings support the effective role of BCP standards in improving bank stability, whose important implications led to the Islamic Financial Services Board (IFSB) publication of new recommendations in 2015 to bring BCP standards in line with the Core Principles for Islamic Finance Regulation (CPIFRs) standards. Our findings suggest that because Islamic banks are benchmarked closely to BCPs, the implementation of CPFIRs should also positively affect their stability.
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