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