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Are Moral Islamic Economics an Answer to the Global Financial Crisis ?

  • Jean-Yves Moisseron
  • Frederic Teulon

One 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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Paper provided by Department of Research, Ipag Business School in its series Working Papers with number 2014-152.

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Length: pages
Date of creation: 25 Feb 2014
Date of revision:
Handle: RePEc:ipg:wpaper:2014-152
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  1. Jean-Yves MOISSERON & Bruno-Laurent MOSCHETTO & Frédéric TEULON, 2014. "Islamic finance a review of the literature," Working Papers 2014-093 Keywords : Islam, Department of Research, Ipag Business School.
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