Risk Sharing in Finance: The Islamic Finance Alternative

Note moyenne 3,5
( 2 avis fournis par Goodreads )
 
9780470829660: Risk Sharing in Finance: The Islamic Finance Alternative

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

From the Back Cover :

The arrival of Risk Sharing in Finance: The Islamic Finance Alternative with its alternative perspective on a financial system design to mitigate future financial crises could not have been better timed. We are still suffering from the perplexing 2008-2009 financial crisis of banking and credit risk, which has had a devastating impact on the United States, United Kingdom and Europe. In contrast to many proposed solutions, which have never been tested, this one draws on the considerable experience from the Islamic financial risk-sharing system. Whether prime researcher, experienced public policy maker or seasoned private-sector practitioner, the reader will find this a thought-provoking approach to address fundamental financial reform.

Robert C. Merton
Nobel Laureate in Economics, 1997
The School of Management Distinguished Professor of Finance at the MIT Sloan School of Management and University Professor Emeritus at Harvard University


Risk Sharing in Finance: The Islamic Finance Alternative portrays how finance should ideally be done in the Islamic world. An array of different forms of equity contract substitutes for debt. The authors give a new perspective on fundamental reform of our financial system, as they also give us a vision of a future, in which financial crises are very much muted, or, like smallpox, have become a scourge of the past.

George Akerlof
Nobel Laureate in Economics, 2001
Koshland Professor of Economics, University of California at Berkeley


The recent financial crisis has highlighted the risks of excessive debt and leverage. Could a fully equity-based financial system offer a superior alternative? This thoughtful and provocative book argues that it would. Essential reading for those who want to understand how a completely Islamized financial system might work in practice.

Sir Andrew Crockett
Vice Chairman of JPMorgan Chase International; Member, The Group of Thirty; and Former Head of the Bank for International Settlement (BIS)


This is a beautifully written, crystal clear, and tremendously insightful book about what ails our financial system and how key features of Islamic finance could help. Every student of finance can and should learn from this financial gem.

Laurence J. Kotlikoff
Author, Jimmy Stewart Is Dead
William Warren Fairfield Professor of Economics, Boston University

From the Inside Flap :

The financial crisis of 2008 has motivated a number of academics, practitioners and policymakers to question the fundamental stability of the conventional financial system, a system predominantly based on debt financing and leveraging; with the embedded risk that the temptation of leveraging could become excessive, and this combined with the  inherent asset-liability mismatch threatens the solvency of financial institutions and overall financial stability.

An alternative to the conventional financial system is a system with no debt financing, only equity or direct asset financing; where there would be no "risk shifting" as happens with debt, only “risk sharing” as happens with equity or asset-financing. Financial institutions would be serving their traditional role as intermediaries between savers and investors but with no debt on their balance sheets, no opportunity to engage in leveraging and no predetermined interest rate payments as liabilities. Such a system has been suggested by a number of noted conventional economists over the last hundred years and it is the system whose basic principles have been advocated by Islam and to some extent by other Abrahamic religions. While a number of indicators point to rapid growth in the practice of Islamic finance, much of this growth, to our mind, has been superficial. Instead of developing a risk-sharing-friendly financial system, the practice of Islamic finance has become misaligned to replicating conventional finance.

In this volume, the authors make an important attempt to develop the building blocks of an Islamic financial system and elaborate on its implementation as a comprehensive system. They make a convincing case for the world to shed its reliance on debt, interest and leveraging, and revamp the global financial system to rely more heavily on equity financing, genuine asset securitization linking the payoffs of financial securities to the underlying assets, and thus promoting wider risk sharing.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Meilleurs résultats de recherche sur AbeBooks

1.

Zamir Iqbal; Abbas Mirakhor; Hossein Askari; Noureddine Krichene
Edité par John Wiley and Sons
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Quantité : > 20
Vendeur
INDOO
(Avenel, NJ, Etats-Unis)
Evaluation vendeur
[?]

Description du livre John Wiley and Sons. État : New. Brand New. N° de réf. du libraire 0470829664

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 62,89
Autre devise

Ajouter au panier

Frais de port : EUR 3
Vers Etats-Unis
Destinations, frais et délais

2.

Zamir Iqbal, Abbas Mirakhor, Hossein G. Askari
Edité par John Wiley and Sons Ltd, United Kingdom (2012)
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Edition originale Quantité : 1
Vendeur
The Book Depository
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre John Wiley and Sons Ltd, United Kingdom, 2012. Hardback. État : New. 1. Auflage. Language: English . Brand New Book. 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. N° de réf. du libraire AAH9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 69,35
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

3.

Askari, Hossein
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Quantité : 2
Vendeur
Paperbackshop-US
(Wood Dale, IL, Etats-Unis)
Evaluation vendeur
[?]

Description du livre 2012. HRD. État : New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. N° de réf. du libraire KS-9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 66,01
Autre devise

Ajouter au panier

Frais de port : EUR 3,42
Vers Etats-Unis
Destinations, frais et délais

4.

Zamir Iqbal, Abbas Mirakhor, Hossein G. Askari
Edité par John Wiley and Sons Ltd, United Kingdom (2012)
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Edition originale Quantité : 1
Vendeur
The Book Depository US
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre John Wiley and Sons Ltd, United Kingdom, 2012. Hardback. État : New. 1. Auflage. Language: English . Brand New Book. 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. N° de réf. du libraire AAH9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 69,46
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

5.

Zamir Iqbal
Edité par John Wiley and Sons (2012)
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Quantité : 7
Vendeur
Books2Anywhere
(Fairford, GLOS, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre John Wiley and Sons, 2012. HRD. État : New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. N° de réf. du libraire FW-9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 59,66
Autre devise

Ajouter au panier

Frais de port : EUR 10,03
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

6.

Zamir Iqbal
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Edition originale Quantité : 1
Vendeur
Grand Eagle Retail
(Wilmington, DE, Etats-Unis)
Evaluation vendeur
[?]

Description du livre 2012. Hardcover. État : New. 1st. Hardcover. 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 .Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 312 pages. 0.604. N° de réf. du libraire 9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 84,03
Autre devise

Ajouter au panier

Frais de port : Gratuit
Vers Etats-Unis
Destinations, frais et délais

7.

Hossein Askari, Zamir Iqbal, Noureddine Krichene, Abbas Mirakhor
Edité par Wiley 2012-02-28, Singapore (2012)
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Quantité : 1
Vendeur
Blackwell's
(Oxford, OX, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Wiley 2012-02-28, Singapore, 2012. hardback. État : New. N° de réf. du libraire 9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 81,79
Autre devise

Ajouter au panier

Frais de port : EUR 3,34
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

8.

Zamir Iqbal, Abbas Mirakhor, Hossein G. Askari, Noureddine Krichene
Edité par John Wiley and Sons Ltd
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Quantité : 2
Vendeur
THE SAINT BOOKSTORE
(Southport, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre John Wiley and Sons Ltd. Hardback. État : new. BRAND NEW, Risk Sharing in Finance: The Islamic Finance Alternative, Zamir Iqbal, Abbas Mirakhor, Hossein G. Askari, Noureddine Krichene, 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. N° de réf. du libraire B9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 77,81
Autre devise

Ajouter au panier

Frais de port : EUR 7,74
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

9.

Zamir Iqbal, Abbas Mirakhor, Hossein G. Askari
Edité par John Wiley and Sons Ltd, United Kingdom (2012)
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Edition originale Quantité : 10
Vendeur
Book Depository hard to find
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre John Wiley and Sons Ltd, United Kingdom, 2012. Hardback. État : New. 1. Auflage. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 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. N° de réf. du libraire BZV9780470829660

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 90,55
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

10.

Hossein Askari; Zamir Iqbal; Noureddine Krichene; Abbas Mirakhor
Edité par Wiley (2012)
ISBN 10 : 0470829664 ISBN 13 : 9780470829660
Neuf(s) Couverture rigide Quantité : 1
Vendeur
Irish Booksellers
(Rumford, ME, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Wiley, 2012. Hardcover. État : New. book. N° de réf. du libraire 0470829664

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 90,66
Autre devise

Ajouter au panier

Frais de port : Gratuit
Vers Etats-Unis
Destinations, frais et délais

autres exemplaires de ce livre sont disponibles

Afficher tous les résultats pour ce livre