Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt

The current global financial crisis revealed the end of the financial system which is basically derived from the capitalist system. Now the period of recession has taken place particularly among the developed countries wherein the real economic activities are severely affected due to this crisis. An...

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Main Authors:	Mohd Thas Thaker, Mohamed Asmy, Azam, S. M. Ferdous
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/39839/ http://irep.iium.edu.my/39839/1/Thaker%2C_A._and_Azam%2C_F._Latestpdf.pdf http://irep.iium.edu.my/39839/2/Islamic_Finance_Program.pdf

id	iium-39839
recordtype	eprints
spelling	iium-398392015-01-14T09:00:07Z http://irep.iium.edu.my/39839/ Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt Mohd Thas Thaker, Mohamed Asmy Azam, S. M. Ferdous HG Finance The current global financial crisis revealed the end of the financial system which is basically derived from the capitalist system. Now the period of recession has taken place particularly among the developed countries wherein the real economic activities are severely affected due to this crisis. An alternative suggestion emerges in order to construct a new financial architecture to replace the existing financial system. In this context, the Islamic financial system can be reckoned as an effective solution for current financial crisis and alternative financial system. However, the sustainability of this system is still questionable and it will be examined critically in this study especially in terms of its possibility to fall into the financial crisis trap. This study found that the Islamic financial system might fall into the financial crisis due to its mechanism which operates within the conventional structure instead of its own structure. 2014 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/39839/1/Thaker%2C_A._and_Azam%2C_F._Latestpdf.pdf application/pdf en http://irep.iium.edu.my/39839/2/Islamic_Finance_Program.pdf Mohd Thas Thaker, Mohamed Asmy and Azam, S. M. Ferdous (2014) Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt. In: International Conference on Moral Values and Financial Markets: Resilience of Islamic Finance Against Financial Crisis, 18th-19th Nov. 2009, Milan, Italy. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance
spellingShingle	HG Finance Mohd Thas Thaker, Mohamed Asmy Azam, S. M. Ferdous Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt
description	The current global financial crisis revealed the end of the financial system which is basically derived from the capitalist system. Now the period of recession has taken place particularly among the developed countries wherein the real economic activities are severely affected due to this crisis. An alternative suggestion emerges in order to construct a new financial architecture to replace the existing financial system. In this context, the Islamic financial system can be reckoned as an effective solution for current financial crisis and alternative financial system. However, the sustainability of this system is still questionable and it will be examined critically in this study especially in terms of its possibility to fall into the financial crisis trap. This study found that the Islamic financial system might fall into the financial crisis due to its mechanism which operates within the conventional structure instead of its own structure.
format	Conference or Workshop Item
author	Mohd Thas Thaker, Mohamed Asmy Azam, S. M. Ferdous
author_facet	Mohd Thas Thaker, Mohamed Asmy Azam, S. M. Ferdous
author_sort	Mohd Thas Thaker, Mohamed Asmy
title	Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt
title_short	Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt
title_full	Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt
title_fullStr	Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt
title_full_unstemmed	Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt
title_sort	will the islamic financial system fall into the financial crisis trap? some lessons to be learnt
publishDate	2014
url	http://irep.iium.edu.my/39839/ http://irep.iium.edu.my/39839/1/Thaker%2C_A._and_Azam%2C_F._Latestpdf.pdf http://irep.iium.edu.my/39839/2/Islamic_Finance_Program.pdf
first_indexed	2023-09-18T20:57:11Z
last_indexed	2023-09-18T20:57:11Z
_version_	1777410382947680256

Will the Islamic financial system fall into the financial crisis trap? some lessons to be learnt

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