Risk sharing in finance: the Islamic finance alternative

How the Islamic finance approach to risk can serve as a model for global reform The purpose and goal of Risk Sharing in Finance is to show how Islamic Finance can be developed as a complete financial system in the world as it is today and why it may also provide a helpful paradigm for crafting global financialreforms. The authors show how Islamic Finance can successfully expand its menu of risk sharing instruments-by developing a vibrant stock market that also includes the issuance of shares by governments to finance various development projects, with limits on short sale and leveraging, followed by other proposalsfor risk sharing ÍNDICE: Section I: History and the Causes of Financial Crises Chapter I: A Brief History of Financial Crises and Proposed Reforms Chapter II: Financialization and the Decoupling Hypotheses, and the Role of Central Banks Chapter III: History of Risk Sharing Financing Section II: The Islamic Paradigm of Risk Sharing Chapter IV: Risk Sharing and the Islamic Finance Paradigm ChapterV: The Role of Vibrant Capital Markets Chapter VI: Complementary Roles of Intermediaries and Markets Chapter VII: Enhanced Access to Finance, Social Welfare, and Economic Development under a risk-sharing financial system Section III: Moving Forward Chapter VIII: Prerequisites of Risk-Sharing Financial SystemChapter IX: Governance: Trust, Accountability, and Inclusion Chapter X: Critical Assessment of Current Practices of Islamic Finance: Assessing the Gaps Chapter XI: Conclusions References Index

• ISBN: 978-0-470-82966-0
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 256
• Fecha Publicación: 26/09/2011
• Nº Volúmenes: 1
• Idioma: Inglés