Risk-Sharing in Finance: The Islamic Finance Alternative

Abdul Azim Islahi

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Islamic Finance and Banking Studies Islamic Thought and Society Studies Halal products and consumer behavior

Abstract

Risk-sharing in Finance is the latest joint work of Hossein Askari, Zamir Iqbal, Noureddine Krichene, and Abbas Mirakhor in which they present Islamic finance as an alternative to debt-based risk-shifting conventional finance. The authors have common characteristics of holding experience of work at the world organizations, IMF and World Bank, skills in conventional finance and academic interests. Islamic finance is their favorite subject in which they have deep insight. They have authored several scholarly works on its various aspects, individually or jointly with different authors.

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2018Bonds with index-linked stochastic coupons in quantum finance 2013Islamic finance: An Attractive New Way of Financial Intermediation 2015Risk Sharing versus Risk Transfer in Islamic Finance : A Critical Appraisal 2022A Robo-Advisory Framework for Islamic and Environmental, Social and Governance (ESG) Compliance – A Benchmark Study on the S&P 500 Stock Index

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