Islamic Finance and the New Financial System: An Ethical Approach to Preventing Future Financial Crises (Wiley Finance)
| Author | : | |
| Rating | : | 4.12 (619 Votes) |
| Asin | : | 1118990633 |
| Format Type | : | paperback |
| Number of Pages | : | 280 Pages |
| Publish Date | : | 2017-06-24 |
| Language | : | English |
DESCRIPTION:
"this volume is a welcome and well-timed addition to the literature on Islamic and financial market." (Muslim World Book Review, November 2016)
M. Smyth said Timely and Thought-Provoking. A good number of books on the "Timely and Thought-Provoking" according to M. Smyth. A good number of books on the 2008 financial crisis suggest familiar preventions, such as breaking up the too-big-to-fail model, reinstating the Glass-Steagall Act and regulating derivatives.This book, however, explores the “Islamic Model” whereby the author suggests that going debt free is the way past many of the ills that have beset financial markets in recent years. Or in a very tangible way that backward is the new forward, and that reevaluating the very foundations of the modern system is a worthwhile endeavor given the scale and “systemic risks” apparently haunting our current global system of . 008 financial crisis suggest familiar preventions, such as breaking up the too-big-to-fail model, reinstating the Glass-Steagall Act and regulating derivatives.This book, however, explores the “Islamic Model” whereby the author suggests that going debt free is the way past many of the ills that have beset financial markets in recent years. Or in a very tangible way that backward is the new forward, and that reevaluating the very foundations of the modern system is a worthwhile endeavor given the scale and “systemic risks” apparently haunting our current global system of . "A Rare Treatise that Blends History with Finance and Paves a New Path Forward" according to A. M. Majid, JD MBA. An insightful analysis of the various causes of 2008's systemic financial failures and an astute endorsement of a working, established and successful historical model that will be utilized to prevent such failures in the future. With the benefit of 20/20 hindsight, Mr. Al-Rifai artfully blends real-world examples and personal anecdotes to make his book both an easy primer for those wishing to learn the basics of Islamic Finance and an indispensable utility for forward-thinking financial professionals who need to be ahead of the curve and wish to expand the scope of their professional toolkit. I am recommending Al-Rifai&rsquo. "Challenging, thought provoking work." according to UFM. This is a thought provoking work by one of the industry's most seasoned professionals who has himself been part of various innovative initiatives globally. Those inside the industry of contemporary Islamic finance would do well to heed its lessons when developing products and strategies in an effort to stay true to Islamic ethics and to demonstrate the viability of financial systems marked by equity and market/ asset risk. While Islamic finance has much to learn from other responsible and ethics based markets, those outside the industry, particularly if they are concerned about well-being broadly, sustainability, and resilie
Can Islamic finance save the global system?Islamic Finance and the New Financial System describes how the adoption of Islamic finance principles in future regulatory decisions could help prevent future shocks in the global financial system. Solutions to these crises are thoroughly detailed, and the author puts forth a compelling argument about what can be expected in the future.Despite international intervention and global policy changes, the financial system remains in a fragile state. With an introspective look at the system and an examination of the misconceptions and deficiencies in theory vs. Those within the Islamic finance circles wonder why the system has yet to gain broader appeal despite its ability to create a strong and well-balanced economy. Islamic Finance and the New Financial System provides clever analysis and historical background to put the issues into perspective.. practice, readers will learn why I