CHECK THESE SAMPLES OF Would Islamic finance have prevented the current global financial crisis Discuss
Considering the functionality of these banks, they were more of financial institutions than the commercial banks we see today.... The business model of IDB included fees for the financial services as well as financial assistance for the developmental projects through profit sharing.... “Real-life exchange and production processes have, as part of their components or forms, the provision of goods to consumers as well as equipment, materials and other means of production to producers” (Kahf, Ahmad, and Homud 8)....
20 Pages
(5000 words)
Essay
This discontentment was further fuelled by the economic crisis of the 1990s.... The economic crisis consolidated the belief that Western ideologies were exploitative and detrimental and that Muslims need to organize and do business... that led to widespread financial despair, unemployment and left the governments weak and unable to support the population (Sebastian, 2003).... However, in the past decades, several factors have contributed to make the South East Asian Muslims seek out their own distinct identity....
8 Pages
(2000 words)
Research Paper
hellip; Would Islamic financial system be able to prevent the current global financial crisis?... The global financial crisis of 2008 is largely attributed to the vulnerability to risk in the capitalist financial systems and an inherent lack of discipline in its investment and lending practices.... The global financial crisis of 2008 is largely attributed to the vulnerability to risk in the capitalist financial systems and an inherent lack of discipline in its investment and lending practices....
49 Pages
(12250 words)
Dissertation
In addition, the focus will incline more on the financial crisis worldwide and more so, on the financial markets and Also, the focus will be on the Islamic economy to bring out how such factors will bring stability that the world is in need of (In Ahmed, In Asutay & In Wilson, 2014).... The world could be in the midst of financial crisis which puts a lot pressure on the world's economic recession.... he study of this topic gives me an understanding of international finance in that it gives the major causes of financial crisis, it impacts and also its effects (El, 2011)....
15 Pages
(3750 words)
Essay
This paper “The Viability of Islamic Banking” examined the present status of development of islamic finance and banking, in particular, evaluating its risk management capabilities, its consistency with international accounting and auditing standards.... nbsp; Increasingly, and especially since the start of the US subprime crisis, Islamic banking continues to draw the interest of institutions in the conventional banking arena.... nbsp; However, the market for Islamic financial services is now growing at 15 percent annually....
40 Pages
(10000 words)
Dissertation
hellip; Examining the core causes of the crisis, how it developed and the key players such as rating agencies and subprime lenders, the paper suggest that elements of islamic finance have prevented many of the negative repercussions that have swept through the Western financial industry.... This paper seeks to analyse the elements of the international financial crisis which has engulfed the world over the past 3 years and ask whether the core principles of islamic finance have sheltered the Islamic finance industry from the worst of this crisis....
20 Pages
(5000 words)
Research Paper
In order to discuss the above claim properly, we should first analyze the actual causes for the current financial crisis.... he changing life styles of the people also contributed heavily to the current financial crisis.... It is totally based on the Shariah laws and hence unethical business habits were prohibited strictly… It is a fact that the current financial systems have a lot of loopholes which affects the money transactions in the financial market....
20 Pages
(5000 words)
Assignment
This paper analyses the theoretical basis of Islamic banking and how those ideologies essentially rendered the outcome in which Islamic banks came out of the 2008 global financial crisis.... hellip; In the 2008 global financial crisis, Islamic banks were found to be more solvent than conventional banks and thus sparked a renewed debate over whether or not Islamic banks are safer than conventional banks.... Islamic banks, particularly in the Gulf Corporate Council (GCC) states performed well during the 2008 global financial crisis, compared to conventional banks (Awwal, 2009, p....
29 Pages
(7250 words)
Literature review