{"product_id":"risk-sharing-in-finance-the-islamic-finance-alternative-hardback-9780470829660","title":"Risk Sharing in Finance; The Islamic Finance Alternative (Hardback) 9780470829660","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRisk Sharing in Finance\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Islamic Finance Alternative\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHossein Askari (Author), Zamir Iqbal (Author), Noureddine Krichene (Author), Abbas Mirakhor (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470829660, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 28 February 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e256 pages\u003cbr\u003e23.6 x 15.9 x 2.2 cm, 0.608 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eHow the Islamic finance approach to risk can serve as a model for global reform\u003c\/b\u003e  \u003cp\u003e 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. \u003ci\u003eRisk Sharing in Finance\u003c\/i\u003e 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.\u003c\/p\u003e  \u003cp\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems\u003c\/li\u003e \u003cli\u003eExplores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented\u003c\/li\u003e \u003cli\u003eEstablishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003e Offering a timely look at financial reform, \u003ci\u003eRisk Sharing in Finance\u003c\/i\u003e 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.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface ix  \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003eGlossary xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE\u003c\/b\u003e \u003cb\u003eTHE HISTORY AND CAUSES OF FINANCIAL CRISES\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 A Brief History of Financial Crises and Proposed Reforms 3\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Financialization and the Decoupling–Recoupling Hypotheses 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO\u003c\/b\u003e \u003cb\u003eRISK SHARING AND THE ISLAMIC PARADIGM\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 3 A Brief History of Risk-Sharing Finance 49\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Risk Sharing and the Islamic Finance Paradigm 69\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Risk Sharing in the Islamic Financial System: The Building Blocks 95\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Risk Sharing and Vibrant Capital Markets in Islamic Finance 115\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Portfolio Theory and Asset Pricing 133\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Complementary Role of Intermediaries and Markets in Promoting Risk Sharing 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE\u003c\/b\u003e \u003cb\u003eMOVING FORWARD\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Enhanced Access to Finance, Social Welfare, and Economic Development under a Risk-Sharing System 181\u003c\/p\u003e \u003cp\u003eCHAPTER 10 The Role of Institutions and Governance in Risk Sharing 201\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Gaps between the Theory and Practice of Islamic Finance 225\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Concluding Remarks 247\u003c\/p\u003e \u003cp\u003eReferences 259\u003c\/p\u003e \u003cp\u003eIndex 277\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52278030401816,"sku":"9780470829660","price":51.37,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470829660.jpg?v=1781456737","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/risk-sharing-in-finance-the-islamic-finance-alternative-hardback-9780470829660","provider":"Freshly Printed Books","version":"1.0","type":"link"}