Social Capital and Risk Sharing An Islamic Finance Paradigm

by Ng, Adam; Ibrahim, Mansor H.; Mirakhor, Abbas

• ISBN13: 9781137476043
• ISBN10: 1137476044
• Format: Hardcover
• Copyright: 2015-09-02
• Publisher: Palgrave Macmillan

Summary

One of the few books to view social capital from a religious perspective, Social Capital and Risk Sharing fills an important gap in finance literature. It presents a vision of a socio-economic framework discernible from the Qur'an and explores the consequences of compliance with the rules of this framework. By integrating distributive justice, rules of behavior, stock market development, economic growth, and social finance under a common theme, the authors argue that social capital is necessary to unite the ideals of Islamic socio-economic welfare with the present realities of Islamic finance industry.

Author Biography

Adam Ng is Assistant Professor at INCEIF - The Global University of Islamic Finance, Malaysia, and the SC-OCIS Scholar in Residence in Islamic Finance at the Oxford Centre for Islamic Studies, UK.

Abbas Mirakhor is the First Holder of INCEIF's Chair in Islamic Finance at INCEIF - The Global University of Islamic Finance, Malaysia.

Mansor H. Ibrahim is Professor of Finance and Econometrics and the Dean of Graduate Studies at INCEIF - The Global University of Islamic Finance, Malaysia.

Table of Contents

Foreword by Tan Sri Zarinah Anwar
1.Significance of Social Capital and Risk Sharing
2.The Fountainhead of Social Capital: Love of the Creator and Oneness of Humanity
3.The Social Capital Fountain: Solidarity, Empathy, Trust, and Property Rights
4.Social and Moral Capital in Market Exchange
5.The Power of Social Capital in Reducing Financial Inequality
6.Trust, Ethics, Stock Market and Economic Growth
7.Risk Sharing and Crowdfunding
8.Risk Sharing and Social Impact Partnerships
9.Parting Thoughts