The global financial crisis and Islamic banking: the direct exposure to the crisis
Journal: Banks and bank systems [electronic resource] (Vol.12, No. 3)Publication Date: 2017-11-10
Authors : Faisal Alqahtani; David G. Mayes;
Page : 100-112
Keywords : global financial crisis (GFC); Gulf Cooperation Council (GCC); Islamic banking; operating performance;
Abstract
This paper theoretically discusses and reviews the main causes of the crisis, including discrimination, moral failure, poor governance, easy credit, imprudent lending, excessive debt and leverage, and regulation and supervision failure. The implications of the crisis have been reviewed, followed by a critical discussion on the lack of direct exposure to the crisis for Islamic banking, because most, if not all, of the practices and financial instruments that are believed to be responsible for the crisis are not permitted under Islamic banking principles.
Other Latest Articles
- Local and international dimensions of credit provision by commercial banks in Kenya
- Benchmarking of bank performance using the life cycle concept and the DEA approach
- Employee critical psychological states as determinants of employee brand equity in banking: a multi-group analysis
- Impact of return on long-memory data set of volatility of Dhaka Stock Exchange market with the role of financial institutions: an empirical analysis
- FEATURES OF TRІBOSYSTEM БрО10С10-ШХ15 WEAR
Last modified: 2018-03-15 20:31:33