Equity volatility connectedness across China’s real estate firms and financial institutions

2018 ◽  
Vol 16 (2) ◽  
pp. 215-231 ◽  
Author(s):  
Junhua Jiang ◽  
Janne Äijö
Keyword(s):  
Real Estate ◽  
Financial Institutions

The Use of Benchmarks for Real Estate Portfolio Performance by UK Financial Institutions

2019 ◽  
Author(s):  
Edward Trevillion ◽  
Colin Jones ◽  
Alan Gardner ◽  
Stewart Cowe
Keyword(s):  
Real Estate ◽  
Financial Institutions ◽  
Portfolio Performance

The Use of Benchmarks for Real Estate Portfolio Performance by U.K. Financial Institutions

2020 ◽  
Vol 26 (2) ◽  
pp. 118-131
Author(s):  
Edward Trevillion ◽  
Alan Gardner ◽  
Stewart Cowe ◽  
Colin Jones
Keyword(s):  
Real Estate ◽  
Financial Institutions ◽  
Portfolio Performance

scholarly journals NON-PERFORMING PROPERTY LOANS AND ITS ORIGINATION IN THE REAL ESTATE FINANCE SYSTEM: CASE STUDY OF MALAYSIA

2021 ◽  
Vol 11 (1) ◽  
pp. 35-59
Author(s):  
Tham Kuen Wei ◽  
Rosli Said
Keyword(s):  
Real Estate ◽  
Financial Institutions ◽  
Developed Countries ◽  
Mortgage Market ◽  
Real Estate Finance ◽  
Islamic Banks ◽  
The Real ◽  
Finance System ◽  
The Real Estate ◽  
Secondary Mortgage Market

A healthy real estate finance system is crucial for any economy to grow and thrive. However, in recent years, the sustainability and soundness of the Malaysian Real Estate Finance System had been in question as the number of non-performing property loans had been on the rise. This paper looks into how property NPLs originate within the real estate finance system in Malaysia and its current performance in Malaysia. A descriptive research design was conducted utilizing in-depth case studies of Malaysia to examine Malaysia’s real estate finance system consisting of loan originators in the primary market and the special purpose vehicle involved at the secondary mortgage market where it was found that the Malaysian Real Estate Finance System is efficiently developed and on par with other developed countries with a robust primary mortgage market, effective secondary mortgage market and a vibrant capital market. Further analysis found that there are a total of 57 financial institutions that are property loan originators in Malaysia that consists of 26 Commercial Banks, 16 Islamic Banks, 2 International Islamic Banks, 11 Investment Banks, and 2 Special Financial Institutions. In terms of NPLs in Malaysia, property loans are the largest component of total NPLs in the country, and subsequent analysis found that the number of property NPLs in the country had been rising since 2015, after a long decade decline. This study warrants further research into the causes of property NPLs in the country so that the causes of property NPLs can be monitored as part of the country's strategic monetary policy to control and reduce the number of property NPLs in the country. Ultimately, this also helps to contribute towards a sound and robust real estate finance system in Malaysia.

scholarly journals Humans Judged by Machines: The Rise of Artificial Intelligence in Finance, Insurance, and Real Estate

2021 ◽  
pp. 119-128
Author(s):  
Frank Pasquale
Keyword(s):  
Artificial Intelligence ◽  
Real Estate ◽  
Financial Institutions ◽  
Political Power ◽  
Financial Inclusion ◽  
The Core ◽  
New Approaches ◽  
Monetary Authorities ◽  
Office Procedures ◽  
Financial Technology

AbstractThere are opportunities but also worrisome trends as AI is applied in finance, insurance, and real estate. In these domains, persons are increasingly assessed and judged by machines. The financial technology (Fintech) landscape ranges from automation of office procedures, to new approaches for storing and transferring value, to the granting of credit. The Fintech landscape can be separated into “incrementalist Fintech” and “futurist Fintech.” Incrementalist Fintech uses data, algorithms, and software to complement professionals who perform traditional tasks of existing financial institutions. It promises financial inclusion, but this inclusion can be predatory, creepy, and subordinating. These forms of financial inclusion undermine their solvency, dignity, and political power of borrowers. Futurist Fintech’s promoters claim to be more equitable, but are likely to falter in their aspiration to substitute technology for key financial institutions. When used to circumvent or co-opt state monetary authorities, both incrementalist and futurist Fintech expose deep problems at the core of the contemporary digitization of finance.

scholarly journals A Didactic Engineering for the development of the Amortization System theme using the HP 12C Calculator Emulator

2020 ◽  
Vol 21 (6) ◽  
pp. 173-191
Author(s):  
Tatiana Lemes Martin ◽  
Clarissa De Assis Olgin
Keyword(s):  
Higher Education ◽  
Real Estate ◽  
Financial Institutions ◽  
Mathematical Knowledge ◽  
Methodological Approach ◽  
Financial Mathematics ◽  
Mathematical Content ◽  
Didactic Engineering ◽  
Real Estate Financing

This article is an excerpt from the master's research related to a Didactic Engineering with the theme of Constant Amortization System and French Amortization System for the development of didactic situations related to the content of Higher Education Financial Mathematics, and which allows the use of the HP 12C financial calculator emulator. Currently, these amortization systems are being used by Brazilian financial institutions for real estate financing. The objective was to investigate how students of Administration and Accounting apply the mathematical knowledge of amortization in situations by using financial calculators. The methodological approach followed the Didactic Engineering steps, both for the construction of the didactic sequence and for its application and validation. The results indicate that the elaborated didactic sequence contributed to the development of the proposed mathematical content, as well as handling and the ways of dealing with the financial calculators in situations involving the amortization calculations.

scholarly journals كيفية إخراج زكاة المحافظ الاستثمارية: دراسة فقهية تأصيلية (Zakat on investment portfolios: a fiqhi Ta’sili studies)

2021 ◽  
Vol 18 (1) ◽  
pp. 94-114
Author(s):  
ياسر عبد الله عمر ◽  
حبيب الله زكريا
Keyword(s):  
Real Estate ◽  
Financial Institutions ◽  
Analytical Method ◽  
Modern Society ◽  
Muslim World ◽  
Financial Assets ◽  
Secondary Sources ◽  
Islamic Financial Institutions ◽  
Investment Portfolios

أصبحت المحافظ الاستثمارية من الأدوات المهمة في عصرنا الحاضر، وذلك لكثرة توجه الناس إليها لاستثمار أموالهم من خلالها، ولما تحمله من رؤوس أموال ضخمة. وتهدف هذه الورقة إلى بيان المسائل الفقهية المتعلقة بكيفية إخراج زكاة المحافظ الاستثمارية. وقد تناولت هذه الورقة زكاة محفظة الأصول المالية المكونة من أسهم وسندات وعملات، وكذلك ما يتعلق بمحفظة الأصول العينية من سلعٍ وعقارات ومعادن. أما المنهج المتبع في هذه الورقة فهو المنهج الاستنباطي والمنهج التحليلي وذلك بالاعتماد على المصادر الثانوية للبحث العلمي من خلال مراجعة التراث الفقهي وتحليل ما ذُكر من أقوال فقهية في كيفية إخراج زكاة المحافظ الاستثمارية. كما اعتمدت الورقة على القرارات الفقهية الصادرة عن المجمع الفقهي الإسلامي التابع لرابطة العالم الإسلامي، ومعايير هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية AAOIFI)). وخلصت الدراسة إلى أن المحافظ الاستثمارية تجب فيها الزكاة بحسب صافي الموجودات الزكوية فيها. وتوصي هذه الورقة مؤسسات الزكاة والهيئات المختصة للعمل في تفعيل دور الزكاة في جميع القطاعات الاستثمارية، كما توصي الورقة بمواصلة الدراسات الشرعية المتخصصة خاصةً من قبل الهيئات العلمية والمجامع الفقهية في مجال الاستثمارات الحديثة وتأصيلها وربطها بالتراث الفقهي. الكلمات المفتاحية: الزكاة، المحافظ الاستثمارية، الشريعة الإسلامية. Abstract Investment portfolios have become one of the important investment tools in modern society, due to the large number of people turning to them to invest their money through them, and because of the huge capital, they carry. This paper aims to explain the jurisprudential issues related to how to pay zakat on investment portfolios. This paper dealt with zakat in the financial assets’ portfolio consisting of stocks, bonds, and currencies, as well as what is related to the in-kind assets’ portfolio of commodities, real estate, and metals. As for the approach used in this paper, it is the deductive approach and the analytical method by relying on secondary sources of scientific research by reviewing the jurisprudential heritage and analyzing the aforementioned jurisprudential sayings on how to pay zakat for investment portfolios. However, the paper also relied on the decisions issued by the Islamic Fiqh Academy of the Muslim World League, and the standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Moreover, the study concluded that investment portfolios are subject to zakat according to the net zakat assets therein. Therefore, this paper recommends zakat institutions and specialized bodies to work in activating the role of zakat in all investment sectors. Also, this paper recommended the continuation of Shariah studies, especially by the scientific bodies and jurisprudence councils, in the field of modern investments, establishing them and linking them to the jurisprudential heritage. Keywords: Zakat, Investment portfolios, Shariah.

LEGAL CONDITIONS FOR THE FINANCING OF LOCAL GOVERNMENT UNITS INVESTMENTS BY PARABANKING FINANCIAL INSTRUMENTS IN POLAND

2019 ◽  
Vol 5 (1) ◽  
pp. 467-502
Author(s):  
Tomasz Wołowiec
Keyword(s):  
Public Finance ◽  
Local Government ◽  
Real Estate ◽  
Financial Institutions ◽  
Bank Loans ◽  
Municipal Bond ◽  
Financial Instruments ◽  
The Public ◽  
Creative Accounting ◽  
Bond Issues

The regulations on debt limits introduced in 2014 caused adapting by local government units two ways of proceeding. The first consists in "classic" adaptation to the provisions of the Public Finance Act, through the restructuring of budget expenditures and the devel-opment of a financial surplus, allowing for safe incurring of new obligations and possible servicing of "old" debt. The second way is what can be called the form of the "Creative accounting", involving the use of non-bank financial institutions (quasi-banks) or the use of financial operations other than bank loans and municipal bond issues. These are lease-back agreements, reverse sale of real estate, as well as unnamed agreements causing debt restructuring (e.g. subrogation, forfeiting or factoring), installment payments, as well as subsidies to the capital of municipal companies.

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