The Role of Ethical Banking in Preventing of Financial Crisis

The recent global financial crisis is resulted from short run finance by irresponsible manners and loss necessary supervision and survey on execute phases of ethical principles. Indubitable the ethic, as following of principles, has important role in financial and economic relations. According to the roots and motives of financial crisis and the role of banking system in them, evidently ethical banking can prevent the roots. Programming by defined principles and rules, carful survey and credit scoring, realism and deciding as for possible capacities, correlation between nominal and real sectors in economic, regarding to rights of consumers and stockholders, transparency of necessary information for consumers and stockholders, choosing as for capability, deposit management joint by honesty, committing to contracts, fund flow and restriction of illegal speculation and avoidance of Riba and Gharar activities in banking system are the best solutions for saving the system in front of financial crisis.