Social Capital and Risk Sharing ― An Islamic Finance Paradigm

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.

Adam Ng is Assistant Professor at INCEIF, 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, Malaysia.

Mansor H. Ibrahim is Professor of Finance and Econometrics and the Dean of Graduate Studies at INCEIF, Malaysia.