Islamic Economics and Financial Crisis

This 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.

List of contents

1. Rethinking Financial Crisis: From Neoclassical Economics to Islamic Economics 2. Resilience to Financial and Economic Crisis in an Islamic Economics Framework 3. Assessing the Influence of Financial Crises on Income and Wealth Distribution: Islamic Finance Perspectives 4. The Systematic Failures of the Current Economic System 5. A Comparative Analysis of Dow Jones Global and Dow Jones Islamic Indices' Performance During Crises 6. Debt-Driven Economic Crisis Prediction for OIC Countries: A Machine Learning Approach 7. Simulation of Shariah-Compliant, Conditional Currency Convertibility Based on Primary Commodities in ECO Countries to Avoid the Crisis of Fiat Currencies 8. How does economic uncertainty affect the financial performance and stability of Islamic and Conventional Banks in Hydrocarbon-based Rentier Economies? 9. Analysing the Varied Dynamics of Monetary, Oil, and Geopolitical Shocks across Different Crisis Periods: The Saudi Arabian Perspective

About the author

Erhan Akkas is Associate Professor in the Department of Islamic Economics and Finance, Faculty of Political Sciences, Sakarya University, Sakarya, Türkiye.

Summary

This 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.

Product details

• Authors: Erhan Akkas
• Assisted by: Erhan Akkas (Editor)
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 18.02.2025
• EAN: 9781032815220
• ISBN: 978-1-0-3281522-0
• No. of pages: 182
• Series: Islamic Business and Finance Series
• Subjects: Natural sciences, medicine, IT, technology > Geosciences > Geography; Non-fiction book > Politics, society, business > Politics; Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, Middle East, BUSINESS & ECONOMICS / Islamic Banking & Finance, macroeconomics, Regional Studies, Political Economy, Regional / International studies, Finance & accounting, Economic and financial crises and disasters, Development Studies, Development economics & emerging economies, Development economics and emerging economies, Finance and accounting, Finance and the finance industry