بسم الله الرحمن الرحيم السلام عليكم ورحمة الله وبركاته
أتمنى من فضيلتكم التقدم به لمجلة الاقتصاد الإسلامي العالمية<http://www.giem.info>ليكون أحد مقالاتها سواء بالعربية أو الانكليزية. وذلك لتعميم النفع أيضا. وشكرا لكم. لا تنس الصلاة على نبي الرحمة والدعاء الصالح للمسلمين.. *Dr. Samer Kantakji,* Islamic Business Research Center Chairman, Global Islamic Economics Magazine Editor, AREES University Chairman, Email 1 <sa...@kantakji.com>, Email 2 <kanta...@gmail.com> Mobile: +963 94 4273 000 Tel: +963 33 2530 772 Tel / Fax: +963 33 2518 535 SKYPE: Kantakji *Related links:* Islamic Business Research Center مركز أبحاث فقه المعاملات الإسلامية<http://www.kantakji.com> International Islamic Economics Magazine مجلة الاقتصاد الإسلامي العالمية<http://www.giem.info> Islamic Economics Encyclopedia wiki ويكي موسوعة الاقتصاد الإسلامي<http://www.kantakji.net> Islamic Economics Group مجموعة الاقتصاد الإسلامي البريدية<http://groups.google.com/group/kantakjigroup> *Partners:* AREES University, Kaplan International Colleges, Al Khuwarizmi Institute, | Facebook <http://www.facebook.com/pages/معهد-الخوارزمي/142748762461069> | Youtube <http://www.youtube.com/user/kantakji> | Google+<https://profiles.google.com/111950396172628156870> | Twitter <https://twitter.com/#!/kantakji> | Google Map<http://www.google.com/mapmaker?gw=39&fid=0x152482999b9a062d:0xfb776c93357de0eb> | LinkedIN <http://www.linkedin.com/pub/kantakji-samer/37/8b0/5ab> | On Sun, Nov 18, 2012 at 12:07 PM, Maan Barazy <maanbar...@gmail.com> wrote: > > Dear Dr Kantakji > I want to reitarate my admiration for the tedious work your group is > undertaking for Islamic finance > I am here by enclosing my latest research paper on an application and > interpretation of the work of Dr Alvin Roth recipient of NOBEL 2012 prize > in economics > TITLE : How the NOBEL PRICE OF ECONOMICS 2012 enhance the position of > islamic finance. > \i think that for the first time the recipient of this prize Dr Roth has > given credit to market design and stability in islamic markets through a > methodology in game theory > I kindly ask esteemed member of your group to criticize this paper and > send me their critique > > Jazzakum Allah kheiran > -- > > * > * > > *ABSTRACT: * > > *Our understanding of market stability and the predictability of > financial crisis has fallen short of the concept of repugnance. Repugnance > creates distortion in market design and might be a catalyst to financial > crisis. Roth argues that "the real repugnance that some people feel toward > some transactions means that economists interested in proposing and > designing markets must take this repugnance into account." If one hopes to > design more efficient and ethical systems of exchange, cultural notions of > repugnance can't simply be dismissed as irrational. This would seem to be > an argument with implications beyond economics. When repugnance is taken > into consideration; markets were most stable ; a case in point is the > behavior of Arab and Islamic market mechanisms under international > financial crisis. Regulators have put outstanding weight into designing > deterrence system for crisis and operational fraud; hence it would have > been more rewarding to study causes of repugnance in the system. There is a > greater need today for international markets to understand the notions of > interest-free exchanges LARIBA and particularities of Arab markets > exchanges if one hopes to design more efficient and ethical systems of > exchange, cultural notions of repugnance can't simply be dismissed as > irrational. Markets looses their efficiency and some markets become > limited because the very existence of a market in some goods is considered > repugnant. A repugnant market becomes therefore an area of commerce that is > considered by society to be outside of the range of market transactions and > that bringing this area into the realm of a market would be inherently > immoral or uncaring. In my conclusion I will also bring the motion of > repugnance closer to the international system understanding of growth which > is repugnant in Islamic dictums. A Bank for international settlements > Working Papers (No 381) “Reassessing the impact of finance on growth” > http://www.bis.org/publ/work381.pdf; Stephen G Cecchetti and Enisse > Kharroubi give breath taking results on the study the complex real effects > of financial development and come to two important conclusions. First, > financial sector size has an inverted U-shaped effect on productivity > growth. That is, there comes a point where further enlargement of the > financial system can reduce real growth. Second, financial sector growth is > found to be a drag on productivity growth. Our interpretation is that > because the financial sector competes with the rest of the economy for > scarce resources, financial booms are not, in general, growth enhancing. * > > *ends* > > *Maan Barazy* > > *Certified Shari'a Adviser and Auditor (CSAA- AAOIFI Certified) - **MA > Islamic Comparative Jurisprudence - **BS International Economics * > > *Managing Partner And CEO of Data and Investment Consult-Lebanon – The > Centre For Islamic Finance - Consultant Researcher and Lecturer* > > > -- > -- > You received this message because you are subscribed to the Google Groups > "Kantakji Group" group. > To post to this group, send email to kantakjigroup@googlegroups.com > To unsubscribe from this group لفك الاشتراك من المجموعة أرسل للعنوان > التالي رسالة فارغة, send email to > kantakjigroup+unsubscr...@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/kantakjigroup?hl=en > سياسة النشر في المجموعة: > ترك ما عارض أهل السنة والجماعة... الاكتفاء بأمور ذات علاقة بالاقتصاد > الإسلامي وعلومه ولو بالشيء البسيط، ويستثنى من هذا مايتعلق بالشأن العام على > مستوى الأمة... عدم ذكر ما يتعلق بشخص طبيعي أو اعتباري بعينه باستثناء الأمر > العام الذي يهم عامة المسلمين... تمرير بعض الأشياء الخفيفة المسلية ضمن قواعد > الأدب وخاصة منها التي تأتي من أعضاء لا يشاركون عادة، والقصد من ذلك تشجيعهم > على التفاعل الإيجابي... ترك المديح الشخصي...إن كل المقالات والآراء المنشورة > تُعبر عن رأي أصحابها، ولا تعبّر عن رأي إدارة المجموعة بالضرورة. > > > > -- -- You received this message because you are subscribed to the Google Groups "Kantakji Group" group. To post to this group, send email to kantakjigroup@googlegroups.com To unsubscribe from this group لفك الاشتراك من المجموعة أرسل للعنوان التالي رسالة فارغة, send email to kantakjigroup+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/kantakjigroup?hl=en سياسة النشر في المجموعة: ترك ما عارض أهل السنة والجماعة... الاكتفاء بأمور ذات علاقة بالاقتصاد الإسلامي وعلومه ولو بالشيء البسيط، ويستثنى من هذا مايتعلق بالشأن العام على مستوى الأمة... عدم ذكر ما يتعلق بشخص طبيعي أو اعتباري بعينه باستثناء الأمر العام الذي يهم عامة المسلمين... تمرير بعض الأشياء الخفيفة المسلية ضمن قواعد الأدب وخاصة منها التي تأتي من أعضاء لا يشاركون عادة، والقصد من ذلك تشجيعهم على التفاعل الإيجابي... ترك المديح الشخصي...إن كل المقالات والآراء المنشورة تُعبر عن رأي أصحابها، ولا تعبّر عن رأي إدارة المجموعة بالضرورة.
