Is Morality-Based Islamic Economics an Answer to the Global Financial Crisis? by: Jean-Yves Moisseron هل الاقتصاد الإسلامي القائم على الأخلاق هو الحل للأزمة المالية العالمية؟ جان ايف مويسرون

Celia de Anca ()
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Celia de Anca: Director of the Saudi Spanish Centre for Islamic Economics and Finances (SCIEF) and professor of Islamic Finances at IE Business School.

Journal of King Abdulaziz University: Islamic Economics, 2014, vol. 27, issue 1, 139-142

Abstract: Beginning with the subprime bubble in 2008 that caused one of the worst financial and economic crises around the world, the image of the financial system has been tainted. Many experts believe that the causes of the financial crisis include too much leverage for banks and companies; as well as too many complex derivative synthetic products. Since 2008, a strong social move has emerged demanding financial organizations to emphasize the real economy as opposed to the financial economy. As a result, many savers and financial consumers are looking for different ways that can meet the financial needs of the people, taking into account at the same time, morals, ethics and the need to improve the societies to which they belong. --

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:27:y:2014:i:1:no:6:p:139-142

DOI: 10.4197/Islec.27-1.6

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