Purpose – The purpose of this paper is to review the evolution of the global financial crisis, draw lessons from it, and analyse its effect(s) on the Islamic financial industry (IFI). Design/methodology/approach – Based on an extensive literature review, this paper aims to highlight,...

Purpose – The aim of this paper is to explore and discuss the causative factors of the current financial crisis from an Islamic perspective. This paper also examines Islamic finance as an alternative financial system and a potential long-term solution to financial instability....

Purpose – The purpose of this paper is to examine sixteenth century Netherlands business organisation and accounting practices, then the most advanced in Western Europe, to test Sombart's theory that scientific double entry bookkeeping was an essential prerequisite for the development of...

Purpose – This paper seeks to consider the impact and potential impact of social accounting at the macro level. It aims to explore the potential for “silent” or “shadow” social accounting to hold Anglo-American capitalism to account for its social outcomes relative to other...

Purpose – Poverty is indeed a terrible monster confronting humanity today. It is alarming and, indeed, not without despair to note that 22,000 children under five die every day as a result of poverty. Thus, in a calendar year, more than eight million children do not progress past the age of...

This paper argues that the principles of capitalism do not condone the widespread practice of labor exploitation occurring across the globe. Instead, they demand that some countermeasure be enacted to mitigate the structural oppression of laborers in less developed economies. Through heavy use...

This paper aims to explain theoretically two apparently paradoxical phenomena witnessed in the Telangana region of South India between 1985 and 2000. First, despite the rapid growth of real agricultural output during this period, per-capita consumption of the majority of the agricultural...

Purpose – The paper aims to offer a viewpoint that economic surplus is a notion shared by economists as diverse as Karl Marx and Milton Friedman. Design/methodology/approach – The paper is an interpretation and critique of the literature of the work by Marx and Friedman. Findings – The...

Purpose – To address the much heated debate now raging in the international scene, namely between Islam and the West as two great civilization forces of mankind. Design/methodology/approach – The objective is achieved by studying it in the light of rigorous analysis involving the...