摘要：Under conditions of radical uncertainty, risk sharing renders financial systems antifragile. The goal in this introductory paper is to show that risk-sharing Islamic finance shares the characteristics of an antifragile system by mapping some characteristics of antifragility onto those of risk-sharing Islamic finance. We compare the benefits of a risk-sharing financial system to those of the dominant risk-transfer/risk-shifting conventional system of finance, basing ourselves on the criteria of antifragility. We focus on the argument that the antifragility principle of “skin-in-the-game” is equivalent to risk-sharing Islamic finance requirement of “no gain without risk.” Keywords : risk sharing, antifragility, skin-in-the-game, no gain without risk, Islamic finance JEL codes : D81, D89, E44, F34, G32
关键词：risk sharing, antifragility, skin-in-the-game, no gain without risk, Islamic finance
