Islamic and Conventional Banking and Finance A Quantitative Correlational Study
When most western capitals were reeling under the 2008-2009 global recession, many Middle Eastern countries were largely unscathed. Some Islamic financial experts now argue that had the Islamic financing system been in place on Wall Street, the 2008-2009 global crisis would have been averted. Western capitalism has been at the forefront of global financing for decades. The 2008-2009 global economic crisis depleted the financial resources of some of the worlds biggest companies....
