Analyzing the Feasibility of Islamic Finance Resistance in Financial Crises Situations
Subject Areas : Labor and Demographic Economicsyadollah dadgar 1 , asadollah farzinvash 2 , nima mohamadnejad 3
1 - استاد اقتصاد دانشگاه شهید بهشتی
2 - دانشیار اقتصاد دانشگاه تهران
3 - کارشناس ارشد اقتصاد دانشگاه تهران
Abstract :
Financial crisis, especially after 2007-2010, has been considered as one of main concerns of financial economists. They are worried about its continuation leads to a prolong recession in global economy. Thus, this paper is targeted to test the feasibility of the resistance of Islamic finance and banking when confronting crisis in question. By using analytic- descriptive method, it is to evaluate whether Islamic finance simmers down the crisis. As a result, it is clear that theoretically speaking Islamic finance does have sufficient capability to prevent crisis. Its effectiveness, however, depends on actual performance of economic agents to pay attention to requirements of applying those teachings in actual life and not in mere proclamation.
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