Islamic Finance and the New Financial System: An Ethical Approach
to Preventing Future Financial Crises is a book that analyzes
the current state of the Islamic finance industry and how its ethical
approach can be adopted by global regulators and policy makers in
creating a resilient financial system. This book is published by John
Wiley & Sons, Inc. (NYSE: JWa and JWb), a global provider of knowledge
and knowledge-enabled services that improve outcomes in research,
professional practice, and education.
Written by Tariq Alrifai, a leading authority on Islamic finance,
private equity and Sukuk, Islamic Finance and the
New Financial System looks at why Islamic finance has not been
as influential as it should be on the larger global system, and examines
the misconceptions and deficiencies of Islamic finance in theory versus
practice. In the book, Alrifai puts forward a new idea, an alternative
solution that has yet to be discussed and debated by the leading
economists and regulators.
“Some of the leading economists are now sounding alarms that another
crisis is just around the corner,” Alrifai said. “The problems in Europe
have not gone away, Japan is still trying to dig out of deflation, China
is slowing down too fast and emerging markets are seeing money leave as
investors begin to look for safer places to invest. This all spells
disaster, especially when you add in the growing mountains of debt,
currency market chaos and crashing oil prices.”
Based on historical fact and clever analysis, Alrifai explains why
financial crises are becoming more frequent and increasingly severe, and
how the next crisis is just around the corner. Readers will be
introduced to an overview of solutions on adopting Islamic finance and
how to apply the solutions to the new system.
Although Islamic finance is a growing market, it is still a foreign
concept to many. Islamic Finance and the New Financial System will
explore how the adoption of Islamic finance principles in future
regulatory decisions could help prevent future shake ups in the global
financial system.
Islamic Finance and the New Financial System is priced at
US$70.00 and is now available at the publisher’s website: http://www.wiley.com/buy/9781118990636.
For more information on Islamic Finance and the New Financial
System, visit the author’s website at www.failaka.com.
Contact the publicist:
Sharifah Sharomsah
Publicist, WILEY
Tel: +65 6643-8099
Email: skbsharoms@wiley.com