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

El Dr. Zamir Iqbal es vicepresidente de finanzas (director financiero) del Banco Islámico de Desarrollo. Antes de unirse al BID, el Dr. Iqbal trabajó en el Banco Mundial durante 25 años, últimamente como jefe del Centro de Desarrollo de Finanzas Islámicas Globales del Banco Mundial en Estambul. Su experiencia abarca los mercados de capitales, la gestión de activos y la gestión de riesgos. Las finanzas islámicas han sido su enfoque de investigación y es coautor de varios artículos y libros sobre finanzas islámicas sobre los temas de riesgo bancario, inclusión financiera, desarrollo económico, estabilidad financiera y riesgo compartido. Desempeñó un papel fundamental en la publicación del primer informe mundial sobre finanzas islámicas del Banco Mundial y el BID. Obtuvo su Ph.D. en finanzas internacionales de la Universidad George Washington y se desempeñó como docente profesional en la Escuela de Negocios Carey de la Universidad Johns Hopkins.

The Stability of Islamic Finance: Creating a Resilient Financial Environment for a Secure Future pdf por 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.