Are Moral Islamic Economics an Answer to the Global Financial Crisis ?
AbstractOne may think that Islam has not much to say on the Crisis of Capitalism because the corpus underpinning the Islamic thought: The Coran and the Sunnah were established long before the development of capitalism. Islamic economy would be then adapted to Pre-capitalist societies. Zakat may be useful to undeveloped society and prohibition of Riba may be convenient only with traditional economy based mainly on trade. One can stand that Islamic thought is not convenient for developed capitalism and for modern societies. The history of Islamic economics proves the contrary.
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Bibliographic InfoPaper provided by Department of Research, Ipag Business School in its series Working Papers with number 2014-152.
Date of creation: 25 Feb 2014
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-03-30 (All new papers)
- NEP-ARA-2014-03-30 (MENA - Middle East & North Africa)
- NEP-HIS-2014-03-30 (Business, Economic & Financial History)
- NEP-HME-2014-03-30 (Heterodox Microeconomics)
- NEP-HPE-2014-03-30 (History & Philosophy of Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jean-Yves MOISSERON & Bruno-Laurent MOSCHETTO & FrÃ©dÃ©ric TEULON, 2014. "Islamic finance a review of the literature," Working Papers 2014-093 Keywords : Islam, Department of Research, Ipag Business School.
- Hela Miniaoui & Hameedah Sayani & Anissa Chaibi, 2014. "The Impact of Financial Crisis on Islamic and Conventional Indices of the GCC Countries," Working Papers 2014-401, Department of Research, Ipag Business School.
- Ibrahim Fatnassi & Habib Hasnaoui & Zied Ftiti, 2014. "The impact of bank capital on profitability and risk in GCC countries: Islamic vs. Conventional," Working Papers 2014-413, Department of Research, Ipag Business School.
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