Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective

The world has been experiencing increasingly frequent financial crises. Several reasons have been attributed to the causes of these crises. Most of them are claimed to be technical in nature such as the use of financial engineering, absence of sophisticated, reliable an innovative hedging and risk m...

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Main Authors:	Abdul Razak, Dzuljastri, Mohammed, Mustafa Omar
Format:	Conference or Workshop Item
Language:	English
Published:	2011
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/8678/ http://irep.iium.edu.my/8678/1/Global_Financial_Crisis_-_12-13_July_2011.pdf

id	iium-8678
recordtype	eprints
spelling	iium-86782013-03-20T02:14:22Z http://irep.iium.edu.my/8678/ Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective Abdul Razak, Dzuljastri Mohammed, Mustafa Omar HG1501 Banking The world has been experiencing increasingly frequent financial crises. Several reasons have been attributed to the causes of these crises. Most of them are claimed to be technical in nature such as the use of financial engineering, absence of sophisticated, reliable an innovative hedging and risk management instruments. Recently, especially after the 2008 global financial crisis , the focus is shifting to ethics.There is increasing awareness that the unethical behaviors of companies and investors are the main culprit to the crises.There is quite a volume of literature that has discussed this ethical subject from both conventional and Islamic perspectives. The present study has focused on the areas of commonality in both types of literature. It has employed content analysis method to identify the causes of financial crises due to unethical behaviors cited in selected literatures under review. These causes are then categorized into concepts and related to one another individually from both perspectives. By this way, the study has demonstrated the need for an objective conceptual approach to studying the two types of literature deriving from their similarities rather than differences. The study has provided suggestions for future research in the concluding section. 2011 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/8678/1/Global_Financial_Crisis_-_12-13_July_2011.pdf Abdul Razak, Dzuljastri and Mohammed, Mustafa Omar (2011) Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective. In: IIUM International Accounting Conference V (INTAC V), 12-13 July, 2011, Pan Pacific KLIA. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Abdul Razak, Dzuljastri Mohammed, Mustafa Omar Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective
description	The world has been experiencing increasingly frequent financial crises. Several reasons have been attributed to the causes of these crises. Most of them are claimed to be technical in nature such as the use of financial engineering, absence of sophisticated, reliable an innovative hedging and risk management instruments. Recently, especially after the 2008 global financial crisis , the focus is shifting to ethics.There is increasing awareness that the unethical behaviors of companies and investors are the main culprit to the crises.There is quite a volume of literature that has discussed this ethical subject from both conventional and Islamic perspectives. The present study has focused on the areas of commonality in both types of literature. It has employed content analysis method to identify the causes of financial crises due to unethical behaviors cited in selected literatures under review. These causes are then categorized into concepts and related to one another individually from both perspectives. By this way, the study has demonstrated the need for an objective conceptual approach to studying the two types of literature deriving from their similarities rather than differences. The study has provided suggestions for future research in the concluding section.
format	Conference or Workshop Item
author	Abdul Razak, Dzuljastri Mohammed, Mustafa Omar
author_facet	Abdul Razak, Dzuljastri Mohammed, Mustafa Omar
author_sort	Abdul Razak, Dzuljastri
title	Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective
title_short	Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective
title_full	Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective
title_fullStr	Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective
title_full_unstemmed	Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective
title_sort	global financial crises: an exploratory conceptual survey of selected literatures from an islamic perspective
publishDate	2011
url	http://irep.iium.edu.my/8678/ http://irep.iium.edu.my/8678/1/Global_Financial_Crisis_-_12-13_July_2011.pdf
first_indexed	2023-09-18T20:18:27Z
last_indexed	2023-09-18T20:18:27Z
_version_	1777407945250701312

Global financial crises: an exploratory conceptual survey of selected literatures from an Islamic perspective

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