
Islamic Finance
The Financial Crisis of 2007-2009
1.1 DEFINITION OF “FINANCIAL CRISIS” Goldsmith has succinctly defined the term ‘financial crisis’ as a “sharp, brief, ultra-cyclical deterioration of all or most of a

1.1 DEFINITION OF “FINANCIAL CRISIS” Goldsmith has succinctly defined the term ‘financial crisis’ as a “sharp, brief, ultra-cyclical deterioration of all or most of a

by: Abdullah Fahim[1] In this world, there are two things: good and evil. Sometimes there are things which fall in between them, which are known

‘Islamic finance’ is defined as finance that embodies the ethos and values of Islamic law.[1] It is much wider than the term ‘interest-free banking or