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The Global Financial Crisis from The Perspective of Islamic Law and Economic Theory: Analytical Empirical Study | Al-Shbiel | Jurnal Akuntansi dan Bisnis

The Global Financial Crisis from The Perspective of Islamic Law and Economic Theory: Analytical Empirical Study

Seif Obeid Al-Shbiel, Hamzah Hussein Almawali, Raed Suleiman Al-Fageer

##article.abstract##


The purpose of the current study is to identify the consequences of the current global financial crisis on the Islamic banking system, Further; this study seeks to reveal flexibility and stability factors enjoyed by the Islamic financial institutions in coping with such crisis. In addition to find out the substantial causes, reside behind the present crisis as represented by artificial and malpractices of the non-Islamic banks. Finally, the conclusion from the current study supports that the Islamic financial system is capable to minimize the aftermath of the recent financial crisis by getting rid of key weaknesses inherent in the traditional system.



DOI: http://dx.doi.org/10.20961/jab.v10i1.109

Jurnal Akuntansi dan Bisnis (JAB)
ISSN 1412-0852 (print), 2580-5444 (online)
Published by Accounting Study Program, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia


Creative Commons License
JAB on http://jab.fe.uns.ac.id/index.php/jab is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

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