Islamic Banking and the Financial Crisis
18 pages
(7789 words)
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The essay "Islamic Banking and the Financial Crisis" focuses on the critical and thorough analysis of how Islamic finance in the United Kingdom has fared through the recent financial crisis, which was a global event and not confined only to the United Kingdom.... ... ... ... The original teachings of Judaism, Christianity, and Islam prohibit charging interest on money lent to others, and although Jews and Christians have presented a certain degree of compromises on such issues to follow 'natural and practical' inclinations, the followers of Islam have been less inclined to make any compromises....