Abstract
The aim of this paper is to elucidate the Global Financial Crisis (GFC) from ethical point of view and to explain the motives of continuous growth of the demand for Islamic finance around the world. The paper shows that ethical justice triggered the disintegration of the financial organisations which ultimately sourced the modern extraordinary GFC in 2008. This research paper sheds some lights on ethical Islamic financial systems which can demonstrate the world various basic principles and these ethics are very much linked to common sense which could enhance financial stability. Is this the right time for the world's conventional financial institutions to embrace ethical financial process?
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 1st International Conference on Business Research and Ethics (iCBRE), 20-22 November, 2017, Sydney, Australia |
| Publisher | Science, Technology and Management Crest |
| Pages | 61-68 |
| Number of pages | 8 |
| ISBN (Print) | 9780648014782 |
| Publication status | Published - 2017 |
| Event | International Conference on Business Research and Ethics - Duration: 20 Nov 2017 → … |
Conference
| Conference | International Conference on Business Research and Ethics |
|---|---|
| Period | 20/11/17 → … |
Keywords
- Global Financial Crisis, 2008-2009
- moral and ethical aspects
- finance
- Islamic countries
