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

扎米尔·伊克巴尔 博士是伊斯兰开发银行的财务副总裁（首席财务官）。 在加入 IDB 之前，Iqbal 博士在世界银行服务了 25 年，后来担任世界银行位于伊斯坦布尔的全球伊斯兰金融发展中心的负责人。 他的经验涵盖资本市场、资产管理和风险管理。 伊斯兰金融一直是他的研究重点，他与人合着了几篇关于伊斯兰金融的文章和书籍，主题涉及银行风险、金融包容性、经济发展、金融稳定和风险分担。 他在世界银行和美洲开发银行第一份关于伊斯兰金融的全球报告的出版中发挥了重要作用。 他获得了博士学位。 在乔治华盛顿大学获得国际金融博士学位，并在约翰霍普金斯大学凯里商学院担任专业教师。

The Stability of Islamic Finance: Creating a Resilient Financial Environment for a Secure Future pdf 扎米尔·伊克巴尔

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.