Risk sharing in finance: the Islamic finance alternative
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In this volume, the authors make an important attempt to develop the building blocks of an Islamic financial system and elaborate on its implementation as a comprehensive system. They make a convincing case for the world to shed its reliance on debt, interest and leveraging, and revamp the global financial system to rely more heavily on equity financing, genuine asset securitization linking the payoffs of financial securities to the underlying assets. This would ensure promoting wider risk sharing and a more stable financial environment.
Islamic banking , Islamic finance , Risk (Islamic law)
Askari, Hossein, Iqbal, Zamir, Krichene, Noureddine & Mirakhor, Abbas. (2012). Risk sharing in finance: the Islamic finance alternative. Hoboken, New Jersey: John Wiley.