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Thursday, August 30, 2012

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Thursday, August 16, 2012

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Drawing upon scenes from the popular film American Sniper, Praying Medic gives readers a look inside the mind of a well-prepared kingdom soldier. Relying on the use of analogy and symbolism, the author compares the life of a Navy SEAL to the life of a believer.

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  • Published on: 2015-08-25
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Monday, August 6, 2012

Download PDF Antifragility of Islamic Finance: The Risk-Sharing Alternative (Finance, FinTech, and Crowdfunding in Islam)

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Review

“Ten years after the 2007 global financial crisis and 20 years after the Asian financial crisis, you would have thought that mainstream economics would have been discredited for its failure to predict and offer credible solutions for radical uncertainty and fragile financial systems. Umar Rafi and Abbas Mirakhor’s book Antifragility of Islamic Finance: The Risk-Sharing Alternative offers a rare and revolutionary position that the equity and risk-sharing nature of Islamic finance is more robust, resilient, and antifragile than conventional debt finance, which has become concentrated, fragile, and unmanageable. The authors succinctly map the original work of Mandelbrot, Nassim Taleb, and Kahneman into the basic philosophy of Islamic finance. I commend this book as a fundamental building block for the foundations of Islamic finance as mainstream finance.” ―Tan Sri Andrew Sheng, distinguished fellow at the Asia Global Institute, University of Hong Kong, chief advisor to the China Banking Regulatory Commission, and one of TIME Magazine's 100 most influential people in the world, 2013.“This is a must-read book for practitioners and policy makers contemplating a truly sound business model for Islamic finance. The book articulates well the superiority of risk-sharing based finance in comparison to debt-based finance by cleverly drawing the parallels of risk-sharing and antifragility (a new concept introduced by Nassim Nicholas Taleb). Its arrival is indeed timely to alleviate any remaining scepticism on the viability of risk-sharing finance as the model for the next generation of Islamic finance. Readers will appreciate the insightful analysis on the gaps of presently used statistical modelling, which if treated as a ‘black box’ could adversely influence financial and policy decision-making.”―Siti Muawanah Lajis, Islamic Banking and Takaful Department, Bank Negara Malaysia“The recent Great Recession has revealed a dramatic lack of resiliency of the current economic and financial system. Umar Rafi and Abbas Mirakhor have carried out an excellent in-depth analysis of the quantitative and qualitative underlying factors leading to the Great Recession, concluding with a deep insight on why and how to prevent and/or prepare for another one. They offer a unique transformational solution based on the disruptive concept of antifragility, which is gaining wide attention in the economic and financial community. This is a must-read book for anyone interested in evaluating and constructing an alternate financial and economic system, based on 100% equity that will offer more resiliency, to the current debt-based financial system that is extremely fragile.”―Ken Tachibana, managing principal, Intelligence Capital

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About the Author

Umar Rafi specializes in the field of information technology in the financial services domain. He is currently working as a computer scientist in Silicon Valley. He has a BS in mathematics from the United States Air Force Academy, an MS in computer science from Wichita State University, and a PhD in Islamic finance from the International Centre for Education in Islamic Finance (INCEIF). Abbas Mirakhor joined INCEIF in 2010 as Distinguished Scholar and the first holder of INCEIF’s chair in Islamic finance. His research interests include conventional and Islamic economics and finance. Prior to joining INCEIF, he spent 24 years with the International Monetary Fund, serving as executive director and dean of the executive board. He is a graduate of Kansas State University, where he received his Bachelor, Master and PhD degrees in Economics.

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Product details

Series: Finance, FinTech, and Crowdfunding in Islam (Book 1)

Hardcover: 220 pages

Publisher: Peter Lang Inc., International Academic Publishers; New edition edition (November 30, 2017)

Language: English

ISBN-10: 9781433143502

ISBN-13: 978-1433143502

ASIN: 143314350X

Product Dimensions:

6 x 0.8 x 9 inches

Shipping Weight: 1 pounds (View shipping rates and policies)

Average Customer Review:

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Amazon Best Sellers Rank:

#2,634,461 in Books (See Top 100 in Books)

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Antifragility of Islamic Finance: The Risk-Sharing Alternative (Finance, FinTech, and Crowdfunding in Islam) PDF
Antifragility of Islamic Finance: The Risk-Sharing Alternative (Finance, FinTech, and Crowdfunding in Islam) PDF