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

Le Dr Zamir Iqbal est vice-président des finances (directeur financier) à la Banque islamique de développement. Avant de rejoindre la BID, le Dr Iqbal a travaillé à la Banque mondiale pendant 25 ans, dernièrement en tant que chef du Centre mondial de développement de la finance islamique de la Banque mondiale à Istanbul. Son expérience couvre les marchés des capitaux, la gestion d'actifs et la gestion des risques. La finance islamique a été son centre de recherche et il a co-écrit plusieurs articles et livres sur la finance islamique sur les thèmes du risque bancaire, de l'inclusion financière, du développement économique, de la stabilité financière et du partage des risques. Il a joué un rôle déterminant dans la publication du premier rapport mondial de la Banque mondiale et de la BID sur la finance islamique. Il a obtenu son doctorat. en finance internationale de l'Université George Washington et a été professeur professionnel à la Carey Business School de l'Université Johns Hopkins.

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