The Stability of Islamic Finance: Creating a Resilient Financial Environment for a Secure Future PDF

Dr. Zamir Iqbal ist Vizepräsident, Finanzen (Chief Financial Officer) bei der Islamic Development Bank. Bevor er zum IDB kam, war Dr. Iqbal 25 Jahre lang bei der Weltbank tätig, zuletzt als Leiter des Global Islamic Finance Development Center der Weltbank in Istanbul. Seine Erfahrung umfasst die Kapitalmärkte, Vermögensverwaltung und Risikomanagement. Sein Forschungsschwerpunkt war Islamic Finance und er ist Mitautor mehrerer Artikel und Bücher über Islamic Finance zu den Themen Bankenrisiko, finanzielle Inklusion, wirtschaftliche Entwicklung, Finanzstabilität und Risikoteilung. Er spielte eine maßgebliche Rolle bei der Veröffentlichung des ersten globalen Berichts der Weltbank und der IDB über das islamische Finanzwesen. Er erwarb seinen Ph.D. in International Finance von der George Washington University und war als Professional Faculty an der Carey Business School der Johns Hopkins University tätig.

The Stability of Islamic Finance: Creating a Resilient Financial Environment for a Secure Future pdf von Zamir Iqbal

The Stability of Islamic Finance main focus is on the question of the sources of financial instability which seems inherent in the conventional system. As a core component of this focus, the book will consider episodes of turbulence and instability in a historical context recalling the occurrence of such events from mid-19th century to the present. It will present various theoretical explanations along with solutions and alternative financial systems that avoid instability provided by various scholars dating back to mid-19th century to present. The book then will present and discuss the architecture of an Islamic financial system and show that at its core, this system shares many characteristics of an stable financial system proposed by Western scholars throughout history to avoid the inherent instability of the present dominant system. Particular emphasis will be placed on the present financial crisis and its causes as well the financial crisis of the 1997 in Southeast Asia, Russia, and Latin America relating these episodes to the fundamental features of the dominant system. The debt crisis of the low income countries will also be part of this discussion. It will then argue that these crises could be mitigated under an Islamic system or any other system with similar architecture.