The financial crisis: An opportunity for Islamic finance

Authors

Keywords:

Islamic finance, Conventional finance, Panel Data

Abstract

The current financial crisis has exposed the flaws and excesses of capitalism, sparking a debate about its future. Some advocate for rebuilding the system, while others call for making it more ethical. A stable financial system needs mechanisms that ensure liquidity. Islamic Sharia offers a financial model that moralizes financial flows. The stability of the financial system, it argues, can only be achieved within an ethical and religious framework that condemns any unhealthy use of money. Using regression analysis on panel data, we tested the performance of the Islamic financial system and examined how ethical Islamic banking practices have contributed to its resilience during financial crises.

References

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Zaiane, S., Ben Moussa, F. (2021). What Drives Banking Profitability During Financial Crisis and Political Turmoil? Evidence from the MENA Region.Vol,13

Published

2024-09-06

How to Cite

Khalifa, J. (2024). The financial crisis: An opportunity for Islamic finance. International Journal of Economic Perspectives, 18(6), 981–989. Retrieved from http://ijeponline.org/index.php/journal/article/view/538

Issue

Vol. 18 No. 6 (2024)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Jihène Khalifa

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