The Stability of Islamic Finance main focus is on the question of the sources of financial
instability which seems inherent in the conventional system. As a core component of this
focus, the book will consider episodes of turbulence and instability in a historical context
recalling the occurrence of such events from mid-19th century to the present. It will present
various theoretical explanations along with solutions and alternative financial systems that
avoid instability provided by various scholars dating back to mid-19th century to present. The …

This new book by a group of four Western-trained Islamic economists is greatly welcomed. It
builds on and extends their earlier work on the topic and will become essential reading for
all those with an interest in the economic implications of Islamic finance. The Stability of
Islamic Finance develops themes that link Islamic finance to existing traditions in economics;
that assess the stability properties of Islamic financial instruments, and that explain some of
the key Islamic concepts in economists terms. It will be an invaluable source for those who …