Jeddah, January 31, 2022, SPA -- The Islamic Development Bank Institute (IsDBI) has released a new book detailing the application of ‘heavy tails’ distribution techniques to curtail risk in Islamic finance portfolios. The book, titled “Heavy Tails and Coherent Risk Measures in Islamic Finance”, was authored by Dr. Mahmoud Bekri, a Research Economist at IsDBI. The book provides a hands-on introduction to the topic, covering the concepts behind “heavy tails” and coherent risk measures along with practical examples on how to apply the relevant techniques. It consists of four main parts to provide the readers with a good foundation in the fundamental ideas and methods related to heavy tail distributions, as well as to familiarize them with advanced tools that use the heavy tail distributions. --SPA 21:27 LOCAL TIME 18:27 GMT 0042 www.spa.gov.sa/w1685497