The financial crisis that struck in 2007 crippled the global financial system and made financial stability a global priority. The crisis also exposed several vulnerabilities of the conventional financial system stemming from high leveraging, complexcity of transactions and instruments, and disconnect between the real and financial sector. In this path-breaking book, the author develop the analytical case for the inherent stability of an Islamic financial system, a system that is based on equity financing and risk sharing. The author make a convincing case for the world to shed its reliance on debt, nterest and leveraging. And revamp the global financial system to rely more heavily on equity and risk sharing, the foundation of an Islamic financial system.