Social Capital and Risk Sharing: An Islamic Finance Paradigm

Abstract

As one of the few books that view social capital from a religious perspective, Social Capital and Risk Sharing 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 behaviour, 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. This book will be of interest to economists and social scientists interested in reclaiming the true spirit of Islam in financial and social development.