Islamic Finance and the New Financial System / Wiley Finance Editions (ePub)

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. Using illustrations and examples to highlight key points in
recent history, this book discusses the causes of financial crises,
why they are becoming more frequent and increasingly severe, and
how the new financial system will incorporate elements of Islamic
finance - whether deliberately or not. With an introspective
look at the system and an examination of the misconceptions and
deficiencies in theory vs. practice, readers will learn why Islamic
finance has not been as influential as it should be on the larger
global 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. There is an
argument to be made about integrating Islamic finance into the new
system to facilitate stronger resilience, and this book explains
the nuts and bolts of the idea while providing the reader with a
general understanding of Islamic finance.

* Understand the key principles of Islamic finance

* Examine the history of the current financial system

* Discover how Islamic finance can help build a new debt-free
economy

* Learn how Islamic finance theory doesn't always dictate
practice

Although Islamic finance is a growing market, it is still a
foreign concept to many. 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.