Would Islamic finance have prevented the current global financial Essay

Would Islamic finance work prevented the current global financial crisis Discuss - Essay ExampleThe Islamic financial markets appears to seduce greater discipline and risk-sharing and conceivably force out provide a solution or safeguard against the risk of financial crises.3 This research study analyzes the misadventure that a world financial system modeled after Islamic financial systems may have prevented the current financial global crisis. It is concluded that some aspects of the Islamic financial markets system may have functioned to minimize the current global financial crisis, but it could not have prevented the crisis altogether. This is because some features of conventional financial systems are necessary for preserving and servicing conventional financial needs and competition, particularly the interests rates attributed to mortgages. This reputation is indeed divided into four sections. The first section analyzes the causes of the financial crisis of 2008-2009. T he second part of this paper analyzes the key aspects of Islamic financial markets regulations and ideologies. The second part of this paper also identifies and strengths and weaknesses of Islamic financial systems. The third part of this paper analyzes the feasibility of Islamic financial systems as a solution to or safeguard against financial crises. The nett part of this paper offers concluding remarks and observations. Contents Abstract 2 Contents 3 Introduction 4 The Causes of the Global Financial Crisis 2008-2009