Islamic Banking Features in Reducing The Financial Crisis than Conventional Banking
Evidences indicate that some financial crises had occurred in the conventional banking system that often they were severe. At first sight this impression may create that the Islamic banking system doesnt have any solution to reduce the financial crisis, and this system is consistent with the traditional society. But in theory, the features of this system and the opinions which are expressed about its respective operations are evidence that the willingness to create an Islamic banking increasingly had expanded. Therefore, in this study with use of content analysis method and library research, Islamic bankings solution for any of the reasons which mentioned as causes of the crisis have been investigated, while offering causes of the financial crisis in the Western financial system, and through the reasons it has been shown that in theory Islamic banking can reduce the financial crisis and it can be a solution for the global financial system. As a country that Islamic banking just let to work, Iran has made great efforts in this field. But unfortunately, Islamic banking couldnt actually play its role well, so at the end of the article some solutions for increasing the efficiency of Islamic banking in Iran are expressed.
Islamic Economics & Banking, Volume:4 Issue:13, 2016
109 - 130
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