Publication:
Antifragility of Islamic finance
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Umar Rafi | |
| dc.contributor.supervisor | Abbas Mirakhor | |
| dc.contributor.supervisor | Obiyathulla Ismath Bacha | |
| dc.date.accessioned | 2018-01-11T08:22:32Z | |
| dc.date.available | 2018-01-11T08:22:32Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | This research attempts to show that risk sharing, as defined under Islamic finance, makes financial systems antifragile. The recent financial crisis has given rise to discussions around a new term known as antifragility, used for evaluating the long-term stability of a financial system. Antifragility specifies conditions under which systems become resilient to shocks caused by Black Swans. These are highly unpredictable outlier events that have a major negative (or positive) consequence when they occur, with their occurence only being explained retrospectively. According to this concept, the long-term survivability of any system centers exclusively on its antifragile nature, that is, its ability to absorb and actually benefit from Black Swan-type shocks. This research aims to investigate risk sharing Islamic finance, qualitatively (via literature-based research) and quantitatively (via mathematical modeling), as an antifragile system ... | en_US |
| dc.identifier.citation | Rafi, U. (2015). Antifragility of Islamic finance (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2765 | en_US |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/2765 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | INCEIF | en_US |
| dc.rights | 2015. INCEIF | |
| dc.source | GS | |
| dc.subject | Risk sharing | en_US |
| dc.subject | Islamic finance | en_US |
| dc.subject | Antifragile system | en_US |
| dc.title | Antifragility of Islamic finance | en_US |
| dc.type | PhD | en_US |
| dlc.maintopic | Islamic finance | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Theses | |
| ikr.license | Available in physical copy only (Call Number: t HG 3368 A6 R137) | |
| ikr.topic.maintopic | Islamic finance | en_US |
| relation.isAuthorOfPublication | 8e8de113-9c2e-4faf-8482-04f179564a0e | |
| relation.isAuthorOfPublication | 8e8de113-9c2e-4faf-8482-04f179564a0e | |
| Appears in Collections |