Islamic Finance and Financial Stability, in Theory and Practice
General Material Designation
[Thesis]
First Statement of Responsibility
Halayqa, Hamza A. I.
Subsequent Statement of Responsibility
Khan, Tariqullah
.PUBLICATION, DISTRIBUTION, ETC
Name of Publisher, Distributor, etc.
Hamad Bin Khalifa University (Qatar)
Date of Publication, Distribution, etc.
2019
GENERAL NOTES
Text of Note
97 p.
DISSERTATION (THESIS) NOTE
Dissertation or thesis details and type of degree
M.S.
Body granting the degree
Hamad Bin Khalifa University (Qatar)
Text preceding or following the note
2019
SUMMARY OR ABSTRACT
Text of Note
Financial stability is a precondition for sustainability of economic development, social progress and wellbeing. Due the global financial crisis and the perceived unique inherent features of Islamic finance, Islamic finance has big role in enhancing the stability of financial systems. This study explores the root causes of financial crisis from the theoretical perspective of Islamic banking and finance and analyzes the stability of Islamic banking and finance and its impacts on global financial stability through further review on various information from past researchers, reports from IMF, IFSB, IFIS and other resources and articles from internet and other sources. The study also examines the Islamic financial system from various perspectives and its contribution during the global financial crisis. According to the findings, the majority of studies showed that Islamic finance was resilient during the financial crisis whereas conventional finance was not effective in addressing economic crisis.