The current economic crisis stems from the US sub-prime crisis exacerbated by the practice of Credit Default Swap (CDS) – an insurance against default risk – whereby the buyer of CDS makes a series of payments to the seller in return for compensation if the debt instrument goes into default...

This paper explores whether the impact of economic uncertainty on credit growth differs for Islamic vs. conventional banks. Using a sample of 416 banks (58 Islamic and 358 conventional) in 12 countries, the findings indicate that an increase in economic uncertainty significantly decreases the...

Today, the global financial world needs everyone to bring about a fairer society. Are Islamic finance and other ethical financial ideas leading the new financial system towards that direction? It is probably too early to tell, but what can be affirmed is that some of its features will...

One of the features of any hegemonic system of thought and practice is that while it may be possible to think and act against it, the difficulties of thinking and acting outside the terms of reference that have been set by it are immense

The title of the paper deals with an important issue: Is moral Islamic economics an answer to the global financial crisis? When we look at the literature, we do not have too much to say to answer this question