Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis

Fazle Rabbi; Mamta Chowdhury; Md. Al Amin

Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis

Fazle Rabbi
, Mamta Chowdhury
, Md. Al Amin

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

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 → …

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

Global Financial Crisis, 2008-2009
moral and ethical aspects
finance
Islamic countries

Cite this

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title = "Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis",

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?",

keywords = "Global Financial Crisis, 2008-2009, moral and ethical aspects, finance, Islamic countries",

author = "Fazle Rabbi and Mamta Chowdhury and \{Al Amin\}, Md.",

year = "2017",

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pages = "61--68",

booktitle = "Proceedings of the 1st International Conference on Business Research and Ethics (iCBRE), 20-22 November, 2017, Sydney, Australia",

publisher = "Science, Technology and Management Crest",

note = "International Conference on Business Research and Ethics ; Conference date: 20-11-2017",

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Rabbi, F, Chowdhury, M & Al Amin, M 2017, Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis. in Proceedings of the 1st International Conference on Business Research and Ethics (iCBRE), 20-22 November, 2017, Sydney, Australia. Science, Technology and Management Crest, pp. 61-68, International Conference on Business Research and Ethics, 20/11/17.

Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis. / Rabbi, Fazle; Chowdhury, Mamta; Al Amin, Md.
Proceedings of the 1st International Conference on Business Research and Ethics (iCBRE), 20-22 November, 2017, Sydney, Australia. Science, Technology and Management Crest, 2017. p. 61-68.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

TY - GEN

T1 - Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis

AU - Rabbi, Fazle

AU - Chowdhury, Mamta

AU - Al Amin, Md.

PY - 2017

Y1 - 2017

N2 - 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?

AB - 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?

KW - Global Financial Crisis, 2008-2009

KW - moral and ethical aspects

KW - finance

KW - Islamic countries

UR - http://handle.westernsydney.edu.au:8081/1959.7/uws:45291

M3 - Conference Paper

SN - 9780648014782

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EP - 68

BT - Proceedings of the 1st International Conference on Business Research and Ethics (iCBRE), 20-22 November, 2017, Sydney, Australia

PB - Science, Technology and Management Crest

T2 - International Conference on Business Research and Ethics

Y2 - 20 November 2017

ER -

Demand for Islamic finance and an ethical approach of explaining Global Financial Crisis

Abstract

Conference

UN SDGs

Keywords

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