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

Il Dr. Zamir Iqbal è Vice President, Finance (Chief Financial Officer) presso la Islamic Development Bank. Prima di entrare a far parte dell'IDB, il Dr. Iqbal ha prestato servizio presso la Banca Mondiale per 25 anni, ultimamente come capo del Global Islamic Finance Development Center della Banca Mondiale a Istanbul. La sua esperienza abbraccia i mercati dei capitali, la gestione patrimoniale e la gestione del rischio. La finanza islamica è stata il suo focus di ricerca ed è coautore di numerosi articoli e libri sulla finanza islamica sui temi del rischio bancario, dell'inclusione finanziaria, dello sviluppo economico, della stabilità finanziaria e della condivisione del rischio. Ha svolto un ruolo determinante nella pubblicazione del primo rapporto globale della Banca Mondiale e dell'IDB sulla finanza islamica. Ha conseguito il dottorato di ricerca. in finanza internazionale presso la George Washington University e ha lavorato come facoltà professionale presso la Carey Business School della Johns Hopkins University.

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