| Document Type
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BL
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| Record Number
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1089576
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| Doc. No
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bc10774
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| Language of Document
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English
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| Main Entry
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Rafi, Umar
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| Title & Author
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Antifragility of Islamic finance : : the risk-sharing alternative /\ Umar Rafi and Abbas Mirakhor.
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| Publication Statement
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New York, NY :: Peter Lang Publishing, Inc.,, [2018]
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| Series Statement
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Finance, fintech, and crowdfunding in Islam ;; vol. 1
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| Page. NO
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1 online resource (xxii, 219 pages)
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| ISBN
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9781433143472
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: 143314347X
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: 9781433143489
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: 1433143488
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9781433143502
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143314350X
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9781433143496
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Accessibility to finance -- Alternative financial systems -- Fragility of debt -- Religion and economics -- The inconsistencies of financial modeling -- Fragility of statistics -- Mandelbrot's fat tails -- Thinking fast (and slow) with Kahneman -- Taleb's black swan -- Risk-sharing -- Introduction to antifragility -- The antifragility triad -- The (ab) normal Gaussian -- A new(er) toolkit -- The disorder family -- Black and grey swans -- From mediocristan to extremistan -- Triad -- deep dive -- Antifragilty and redundancy -- Antifragility and convexity bias -- Antifragility and time series forecasting -- Antifragility and risk management -- Antifragilty and prospect theory -- Antifragility and dragon kings -- Tail wagging the kangaroo -- Debt and destruction -- Introduction to debt -- History of debt -- Debt and religion -- Post-great recession debate on debt and inequality -- Subtleties of debt -- Risk and reward -- Managing risks via (mis) calculations -- Risk-sharing, risk transfer and risk shifting -- The risk transfer and risk shifting workflow -- The risk sharing workflow -- A tale of two bubbles -- Main street, wall street and sand hill road -- Mansions in the seas -- Debt, equity and systemic risk -- Musharaka Mutanaqisah -- Epistemological foundation of RSIF -- Epistemology of finance -- Arrow-Debreu economy -- Al-Ghunm-bi-al-Ghurm skin-in-the-game -- Risk-sharing Islamic bank structure -- Asset and liability contracts -- Elimination of FRS and the Chicago plan -- RSIF and the Chicago plan -- Possible structures for an Islamic bank -- Risk management for risk-sharing -- Credit risk -- Liquidity risk -- Market risk -- Operational risk -- Systemic risk -- The Islamic finance antifragility framework -- Skin-in-the-game -- Complex systems -- Naïve interventionism -- The agency problem -- Fundamental asymmetry -- Nonpredictive approach -- Conflation of event and exposure -- Ludic fallacy -- Rational optionality -- Non-linearities -- Creative destruction -- Heuristics -- Options -- Via negativa and RIBA -- RIBA as a precautionary principle -- Regulating (for) the black swan -- Social sciences or social studies -- Starting from regulatory standards -- Captains of the ship(s) -- Antifragility -- the regulatory solution -- The risk-sharing regulatory approach -- Of Ptolemy and alchemy -- The great (debt) humiliation -- Our debt to society.
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| Abstract
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Antifragility of Islamic Finance: The Risk-Sharing Alternative explains how risk-sharing, as defined under Islamic finance, makes financial systems antifragile. It highlights the benefits of 100% equity-based finance over debt-based finance.
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| Subject
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Finance-- Islamic countries.
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Finance-- Religious aspects-- Islam.
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Finance (Islamic law)
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Risk management.
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BUSINESS ECONOMICS-- Finance.
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Finance.
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Finance (Islamic law)
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Finance-- Religious aspects-- Islam.
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Risk management.
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Islamic countries.
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| Dewey Classification
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332.0917/67
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| LC Classification
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HG187.4.R34 2018eb
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| Added Entry
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Mirakhor, Abbas
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