European crises and Islamic solutions

It is a reality that European countries have been experiencing a very difficult financial clises that make their economy collapsible . After spending long time of analyzing, the Europe countries economy , scholars have found that one of most challengeable factors that led to have such CI1ses is appl...

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Bibliographic Details
Main Authors: Alqawasmeh, Feras, Abdiaided, Fuad, Fatah, Abubaker, Kayadibi, Saim
Format: Book Chapter
Language:English
Published: IIUM Press 2011
Subjects:
Online Access:http://irep.iium.edu.my/20529/
http://irep.iium.edu.my/20529/
http://irep.iium.edu.my/20529/1/European_crises_and_Islamic_solutions.pdf
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Summary:It is a reality that European countries have been experiencing a very difficult financial clises that make their economy collapsible . After spending long time of analyzing, the Europe countries economy , scholars have found that one of most challengeable factors that led to have such CI1ses is applying the capitalism economy system which they finally realized that it is unjust system .After testing the Islamic economy and Islamic banking system , European scholars declared that it is the most fair and suitable system for all people . From this point, we got excited to research about the issues that related to the above matter. We have divided our research for five main issues .The first is to propose about the capitalism as a concept and its negative effects on the society as whole, and explaining its weaknesses as well . Then we move towards the causes of financial cI1ses in Europe and how they are dealing with financial transactions. After that, we clarify the consequences of financial crises and how the financial crises are proposed by the Islamic perspective