How the Islamic finance approach to risk can serve as a model for global reform The recent U.S. financial debacle has affected the entire world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is just to adopt the systems used for centuries in Islamic finance. Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms. Demonstrating how Islamic finance can successfully expand its array of risk sharing instruments, for example issuing government shares to finance development projects and placing limits on short sales and leveraging, the book makes a compelling case for thinking outside the box to redevelop a vibrant stock market. Provides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems Explores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented Establishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance Offering a timely look at financial reform, Risk Sharing in Finance draws on the expertise of author Zamir Iqbal of the World Bank, along with a host of co-authors Abbas Mirakhor, Hossein Askari, and Noureddine Krichene to present a new form of financial reform.
Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms.
How the Islamic finance approach to risk can serve as a model for global reform The recent U.S. financial debacle has affected the entire world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is just to adopt the systems used for centuries in Islamic finance. Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms. Demonstrating how Islamic finance can successfully expand its array of risk sharing instruments, for example issuing government shares to finance development projects and placing limits on short sales and leveraging, the book makes a compelling case for thinking outside the box to redevelop a vibrant stock market. Provides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems Explores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented Establishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance Offering a timely look at financial reform, Risk Sharing in Finance draws on the expertise of author Zamir Iqbal of the World Bank, along with a host of co-authors Abbas Mirakhor, Hossein Askari, and Noureddine Krichene to present a new form of financial reform.
Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms.
SCOTT (copy 2): from the John Holmes Library collection.
SCOTT (copy 2): from the John Holmes Library collection.
Ideas of Englishness, and of the English nation, have become a matter of renewed interest in recent years as a result of threats to the integrity of the United Kingdom and the perceived rise of that unusual thing, English nationalism. Interrogating the idea of an English nation, and of how that might compare with other concepts of nationhood, this book enquires into the origins of English national identity, partly by questioning the assumption of its long-standing existence. It investigates the role of the British empire - the largest empire in world history - in the creation of English and British identities, and the results of its disappearance. Considering the ¿myths of the English¿ - the ideas and images that the English and others have constructed about their history and their sense of themselves as a people - the distinctiveness of English social thought (in comparison with that of other nations), the relationship between English and British identity and the relationship of Englishness to Europe, this wide-ranging, comparative and historical approach to understanding the particular nature of Englishness and English national identity, will appeal to scholars of sociology, cultural studies and history with interests in English and British national identity and debates about England¿s future place in the United Kingdom.
Interrogating the idea of an English nation, and of how that might compare with other concepts of nationhood, this book's wide-ranging, comparative and historical approach to understanding the particular nature of Englishness and English ...
Dating from antiquity, the doctrine of the Arabic parts has been virtually lost to Western astrological practice since the 17th century. In his book, Robert Zoller retrieves this valuable key to prediction and provides a clear and simple guide to its practical application. The Arabic parts enable the astrologer to investigate the “inner” meaning of the horoscope and thus to go beyond the “outer” aspects expressed by the arrangement of the planets, signs, and houses. The first section of the book explains how fate, or karma, can be understood through the parts and the esoteric nature of number. The second section includes a translation of the 13th-century Latin text on the parts by the famed court astrologer, Bonatti; this work includes the basic ninety-seven parts, dealing with all areas of life--from war, commodities speculation, and professional life to marriage and partnerships--in addition to the seventy-three parts from various medieval sources. In the third section of the book, the author illustrates the practical use of the parts in natal, horary, and mundane astrology. His understanding of the parts and their place in a comprehensive interpretation of any horoscope is presented with lucidity and insight , unraveling for the reader this fascinating and long-neglected astrological science.
The second section includes a translation of the 13th-century Latin text on the parts by the famed court astrologer, Bonatti; this work includes the basic ninety-seven parts, dealing with all areas of life--from war, commodities speculation ...
Terbitnya buku ini merupakan sebuah langkah baik dalam proses mencerahkan pemahaman dan pengaplikasian konsep pendidikan anak usia dini dalam dunia pendidikan anak. Buku ini mengetengahkan mengenai tahap awal prapendidikan, mulai dari memilih pasangan suami maupun istri karena berkaitan dengan perkembagan anak, pola asuh, dan perlindungan hak-hak anak dalam pembentukan karakter di dalam keluarga, disertai bacaan doa-doa dan sebagainya dalam dimensi ke-Islaman. Karya tulis ini dipandang penting bagi para akademisi, orangtua, dan praktisi pendidikan anak usia dini sebagai bahan rujukan dalam menjalankan aktivitas pendidikan bagi anak usia dini.
Terbitnya buku ini merupakan sebuah langkah baik dalam proses mencerahkan pemahaman dan pengaplikasian konsep pendidikan anak usia dini dalam dunia pendidikan anak.
This book, Introduction to Islamic Banking and Finance: An Economic Analysis, covers the basic principles of Islamic economics and finance. It discusses both the theory of Islamic economics and finance as well as the applications in the design of instruments of finance as well as Islamic financial institutions. The book enables its readers to gain an understanding of the structures and operations of Islamic banking, Islamic capital market investments, risk management, and taxation for Islamic banking contracts.The book sets forth the following objectives:
This book, Introduction to Islamic Banking and Finance: An Economic Analysis, covers the basic principles of Islamic economics and finance.
Examines the resilience of Islamic banking during the global financial crisis and lessons for risk management. Do Islamic financial institutions perform better than their conventional counterparts during periods of financial stress? To what extent do systems for managing risk have to be adapted for Islamic financial institutions, given the unique characteristics of their assets and liabilities and the need for shari'ah compliance? These issues have come to prominence since the global financial crisis of 2007-8 and the subsequent recession, and are addressed in this book. The challenges for Islamic financial institutions are explored in an international post Basel II system where banks are required to have more capital and liquidity. Governance issues are also examined, given their influence on client and investor perceptions and their ultimate implications for institutional stability and sustainability.Offers an in-depth assessment of how Islamic banks weathered the financial crisis and what lessons can be learnt. Asks whether Islamic banks are inherently more stable than conventional banks during periods of economic stress. Examines how Islamic banks manage risk, focusing on liquidity risk and the use of forward contracts to mitigate currency risk. Appraises the work of internal shari'ah audit units and the use of shari'ah reports to reduce non-compliance risks. Features case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries.
Appraises the work of internal shari'ah audit units and the use of shari'ah reports to reduce non-compliance risks. Features case studies from the Gulf, Malaysia, the UK, Pakistan, Turkey and GCC countries.
In this volume, which covers the caliphates of Sulayman, 'Umar II, and Yazid II, al-Tabari provides vivid and detailed accounts of the events spanning the period from 97-105/715-724. We listen to the stirring speeches of Qutaybah b. Muslim, in which he urges his followers to renounce their allegiance to Sulayman; are present at the disastrous third and final attempt to take Constantinople; watch from behind the scenes as Raja'b. Haywah skillfully engineers the accession of 'Umar II; and follow the remarkable career of Yazid b. al-Muhallab, first as governor and conqueror, then as prisoner, and finally as rebel. Throughout this volume we observe the struggle of the Umayyad regime to maintain control over a rapidly expanding but increasingly dissatisfied subject population. Governors are appointed and dismissed with dizzying rapidity, administrative boundaries are drawn and redrawn, Arab tribesmen express dissatisfaction with the diminishing rewards of military conquest, non-Arab converts chafe at the differential treatment they receive, and religious opponents revolt in the name of "the Book and the Sunnah." Important in their own right, the events of this period provide an essential key to a proper understanding of the 'Abbasid revolution that lay just over the horizon. A discounted price is available when purchasing the entire 39-volume History of al-Tabari set. Contact SUNY Press for more information.
The Empire in Transition: The Caliphates of Sulayman, 'Umar, and Yazid A.D. 715-724/A.H. 97-105. the year 100 (March 27—April 2 5, ... Da'wah refers to propaganda for an rAbbasid descendant of the Prophet's family. See £12, s.v. Da'wa; ...
