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Global Financial crisis and Islamic finance

 

Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
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  • Product Description
 

The world economy is currently facing a severe global crisis that has spilled from the financial sector to the real economy. The crisis can be traced back to July 2007 with the liquidity crisis due to the loss of confidence in the mortgage credit markets in the United States. The hope was that the crisis would be restricted to financial markets, with few repercussions on the real economy and the rest of the world. This hope was shattered in September 2008 as the crisis entered an acute phase, with strong downward fluctuations in the stock markets, substantially reduced rates of economic growth, and accompanied by increases in unemployment. The severity of this crisis has led to the evaluation of the foundations of the capitalist financial system and the search for ideas and solutions.Islamic economists contend that Islamic finance has an alternative that would prevent the recurrence of a similar crisis. This paper tries to note the main causes and the impacts of the financial and economic crisis.In addition to discuss the belief that the Islamic finance is a viable alternative to the ailing global financial system.

Product Specifications
SKU :COC47847
AuthorHussein Alasrag
LanguageEnglish
BindingPaperback
Number of Pages116
Publishing Year2010-04-28T00:00:00.000
ISBN978-3639252279
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-04-08 00:00:00