Islamic Finance: Risk, Stability and Growth

In response to the recent global financial crisis, Islamic finance, as a religiously authentic proposition, has shown resilience through its inherited principles such as risk sharing and the avoidance of speculation. Such approaches have provided stability, which in turn has brought unprecedented growth to the sector. The studies in this volume focus on examples in the Gulf Cooperation Council countries to provide empirical analysis of the risk aspects of Islamic finance, to test its stability, identify its growth trajectories, and measure its impact on economic growth.