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A brand new ebook, titled “Heavy Tails and Coherent Danger Measures in Islamic Finance”, authored by Dr. Mahmoud Bekri, a Analysis Economist at The Islamic Growth Financial institution Institute (IsDBI), has been launched by IsDBI. It particulars the appliance of ‘heavy tails’ distribution methods to curtail danger in Islamic finance portfolios.
The ebook gives a hands-on introduction to the subject, masking the ideas behind “heavy tails” and coherent danger measures together with sensible examples on easy methods to apply the related methods.
It consists of 4 major elements to supply the readers with a very good basis within the basic concepts and strategies associated to heavy tail distributions, in addition to to familiarise them with superior instruments that use the heavy tail distributions.
The ebook is written in a easy and structured approach and can be helpful for teachers, professionals, practitioners of Islamic finance, and college students
The primary half gives insights into Islamic finance, discussing its sources, major ideas and tips, whereas the second half covers 4 major subjects comprising of likelihood principle, time collection modelling, heavy tail and secure distributions and the dependence constructions.
The third half focuses on the implementation of the superior strategies in risk management, inserting nice emphasis on market danger. The ultimate half covers portfolio choice and optimisation, and the portfolio efficiency measurement.
In his feedback on the discharge of the brand new ebook, Dr. Sami Al-Suwailem, Performing Director Normal of IsDB Institute and IsDB Group Chief Economist, mentioned, “Heavy-tails statistical distributions grew to become of main significance since Nassim Taleb revealed his ebook: The Black Swan in 2007. Bringing these ideas to Islamic finance trade and capital markets can be of considerable worth.”
The ebook is written in a easy and structured approach and can be helpful for teachers, professionals, practitioners of Islamic finance, and college students.
Writer of the ebook, Dr. Mahmoud Bekri, mentioned, “The importance of the ebook is that it doesn’t solely emphasise the significance of ideas like heavy tail and coherent danger measures and theoretically introduce them, nevertheless it additionally exhibits the sensible facet of utilizing them by offering sensible examples.”
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