The Risk Sharing in Finance – The Islamic Finance Alternative

How the Islamic finance approach to risk can serve as a model for global reformThe purpose and goal of “Risk Sharing in Finance” is to show how Islamic Finance can be developed as a complete financial system in the world as it is today and why it may also provide a helpful paradigm for crafting global financial reforms. The authors show how Islamic Finance can successfully expand its menu of risk sharing instruments–by developing a vibrant stock market that also includes the issuance of shares by governments to finance various development projects, with limits on short sale and leveraging, followed by other proposals for risk sharing