“RISK SHARING IN FINANCE: THE ISLAMIC FINANCE ALTERNATIVE” BOOK

March 25, 2012 at 9:04 pm | Posted in Books, Development, Economics, Financial, Globalization, History, Islam | Leave a comment

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Iqbal, Zamir / Mirakhor, Abbas / Askari, Hossein / Krichene, Noureddine

Risk Sharing in Finance
The Islamic Finance Alternative

1. Edition – February 2012
73.90 Euro
2012. 312 Pages, Hardcover
ISBN-10: 0-470-82966-4
ISBN-13: 978-0-470-82966-0 – John Wiley & Sons

Wiley Finance Editions

Detailed description
How the Islamic finance approach to risk can serve as a model for global reform

The recent U.S. financial debacle has affected the entire world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is just to adopt the systems used for centuries in Islamic finance. Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms.

Demonstrating how Islamic finance can successfully expand its array of risk sharing instruments, for example issuing government shares to finance development projects and placing limits on short sales and leveraging, the book makes a compelling case for thinking outside the box to redevelop a vibrant stock market.
* Provides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems
* Explores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented
* Establishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance

Offering a timely look at financial reform, Risk Sharing in Finance draws on the expertise of author Zamir Iqbal of the World Bank, along with a host of co-authors Abbas Mirakhor, Hossein Askari, and Noureddine Krichene to present a new form of financial reform.

From the contents
Preface ix

Acknowledgments xvii

Glossary xix

PART ONE THE HISTORY AND CAUSES OF FINANCIAL CRISES

CHAPTER 1 A Brief History of Financial Crises and Proposed Reforms 3

CHAPTER 2 Financialization and the Decoupling-Recoupling Hypotheses 31

PART TWO RISK SHARING AND THE ISLAMIC PARADIGM

CHAPTER 3 A Brief History of Risk-Sharing Finance 49

CHAPTER 4 Risk Sharing and the Islamic Finance Paradigm 69

CHAPTER 5 Risk Sharing in the Islamic Financial System: The Building Blocks 95

CHAPTER 6 Risk Sharing and Vibrant Capital Markets in Islamic Finance 115

CHAPTER 7 Portfolio Theory and Asset Pricing 133

CHAPTER 8 Complementary Role of Intermediaries and Markets in Promoting Risk Sharing 159

PART THREE MOVING FORWARD

CHAPTER 9 Enhanced Access to Finance, Social Welfare, and Economic Development under a Risk-Sharing System 181

CHAPTER 10 The Role of Institutions and Governance in Risk Sharing 201

CHAPTER 11 Gaps between the Theory and Practice of Islamic Finance 225

CHAPTER 12 Concluding Remarks 247

References 259

Index 277

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“ISLAMIC ENTREPRENEURSHIP” BOOK: KAYED AND HASSAN

March 25, 2012 at 7:54 pm | Posted in Books, Economics, Financial, History, Islam | Leave a comment

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Islamic Entrepreneurship

Durham Modern Middle East and Islamic

World Series

Rasem N. Kayed (Author), M. Kabir Hassan (Author)

Book Description

Publication Date: January 14, 2011 | ISBN-10: 0415584493 | ISBN-13: 978-0415584494

This book discusses the idea that there is a specific Islamic form of entrepreneurship. Based on extensive original research amongst small and medium sized enterprises in Saudi Arabia, it shows how businesses are started and how they grow in the context of an Islamic economy and society. It argues that as specific Islamic approaches to a wide range of economic activities are being formulated and implemented, there is indeed a particular Islamic approach to entrepreneurship.

Examining the relationship between Islamic values and entrepreneurial activity, the book considers whether such values can be more effectively used in order to raise the profile of Islamic entrepreneurship, and also to promote alternatives to development in the contemporary business environment. The book analyses the nature of entrepreneurship, and the special qualities of Islamic entrepreneurship, and discusses how the Islamic approach to entrepreneurship can be encouraged and developed further still…

Review

“Summing Up: Recommended. Islamic economics and Islamic studies collection, upper-division undergraduate through research.”–R. M. Whaples, CHOICE (February 2012)

About the Author

Rasem N. Kayed is an Assistant Professor at the Arab American University, Palestine. He has over 20 years experience both in the commercial and the academic world in the USA, New Zealand, Saudi Arabia and Palestine.  M. Kabir Hassan is a Professor at the University of New Orleans, USA. He is editor of the Journal of Islamic Economics, Banking and Finance, and his publications include (as co-editor) Handbook of Islamic Banking and Islamic Finance, and Islamic Capital Market: Products and Strategies.

Product Details:

Hardcover: 376 pages

Publisher: Routledge

January 14, 2011

Language: English

ISBN-10: 0415584493

ISBN-13: 978-0415584494

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