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THE STABILITY OF ISLAMIC FINANCE: CREATING A RESILINT FINANCIAL ENVIRONMENT FOR A SECURE FUTURE

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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.

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Availability

10019657

332 ASK s

RLC MM (Rak Buku Wajib)

Available

Detail Information

Series Title

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Statement of Responsibility

Hossein Askari

Call Number

332 ASK s

Publisher

Singapore : John Wiley & Sons., 2010

Collation

xvii, 230 p. : ill ; 24cm

Language

English

ISBN/ISSN

978-0-470-82519-8

Classification

332

Content Type

-

Edition

-

Subject(s)

Buku Wajib
Islamic Finance

Specific Detail Info

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