Islamic Economics and Financial Crisis by Erhan Akkas - 9781032815220

Islamic Economics and Financial CrisisAuthor(s): Erhan Akkas\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032815220, 978-1032815220\nSynopsis\nThis book explores the causes of the current economic crisis, evaluates the foundational principles of capitalism that contribute to crises, and investigates how an Islamic economic and banking system could play a role in fostering global stability.\n\nIt includes theoretical and empirical analysis and assesses the resilience of the Islamic economic system and Islamic financial institutions in the face of economic and financial crises, with a particular focus on Organisation of Islamic Cooperation (OIC) member countries. Furthermore, the effects of these crises on income and wealth distribution are discussed. The book compares Islamic and conventional economics in response to economic crises, both across countries and financial institutions and provides a brief analysis of financial c.