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Raed Suleiman Al-Fageer
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Economics, Econometrics & Finance

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The Global Financial Crisis from The Perspective of Islamic Law and Economic Theory: Analytical Empirical Study Seif Obeid Al-Shbiel; Hamzah Hussein Almawali; Raed Suleiman Al-Fageer
Jurnal Akuntansi dan Bisnis Vol 10, No 1 (2010)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v10i1.109

Abstract

The purpose of the current study is to identify the consequences of the current global financial crisis on the Islamic banking system, Further; this study seeks to reveal flexibility and stability factors enjoyed by the Islamic financial institutions in coping with such crisis. In addition to find out the substantial causes, reside behind the present crisis as represented by artificial and malpractices of the non-Islamic banks. Finally, the conclusion from the current study supports that the Islamic financial system is capable to minimize the aftermath of the recent financial crisis by getting rid of key weaknesses inherent in the traditional system.
Co-Authors Hamzah Hussein Almawali Seif Obeid Al-Shbiel