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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Could Islamic Finance Have Avoided or Reduced the Impact of the Current Financial Crisis? |
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| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 98 |
| Date | 2014 |
| Abstract Text | In the last few decades, Islamic finance (IF) has been rapidly growing. IF is subject to different restrictions, which are not known in cenventional finance (CF). The most important restrictions of IF are prohibition of Riba (interest, Gharar (risky or hazardous sale) and Maysir (gambling). According to Muslim scholars, implementing those restrictions would improve financial stability and enhance fair distribution of wealth among the poor and the rich. After emergence of the financial crisis in 2007, supporters of IF seem to have found confirmation for their arguments and often claim that this kind of development would at least be less probable under IF. |
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