Abdullah Turkistani – författare

Islamic finance has had a transformational impact on markets well beyond the Muslim world. This development has been the outcome of various stakeholders and agencies interacting to develop a political economy based on Islamic values to generate religiously and culturally authentic financial institutions and instruments. - The studies presented in this volume discuss these interactions through specific examples from the GCC countries, supported by comparative perspctives, in order to articulate the development and consequences of Islamic finance.

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.