Why the Islamic Financial System has the Strength to Mitigate the Dissertation

Why the Muslim pecuniary transcription has the Strength to alleviate the Current Financial Crisis - Dissertation ExampleThe present financial crisis has been held to be a consequence of the distress of the financial dodges being followed in various segments of the world. From the evaluation of perceptions of the people across the world, it has been evaluated that they urge towards identification of an take over alternative to the present financial system. They desire for an alternative that holds strong prospect of avoiding financial crisis in the future. interest the search for a perfect alternative, it was observed that the Islamic financial system is argued to be the best retort to the present problem of the international economy. Various economists purported that Islamic financial systems bear strong possibility of congruous successful alternative to the present financial system. For critically evaluating the argument, various sources take for been reviewed through li brary search. The findings have been analysed through primarily qualitative approach and presentation of quantitative data about the impressiveness of the Islamic financial system. The findings suggested that although the Islamic financial system holds strong prospect to evolve as the most effective financial system of the world, comprehensively it cannot be implemented in the International market. This is because the Islamic financial system is still challenged with certain loopholes, the presence of which can hinder its effectiveness. Evidences have been provided in this research study with take to be to the Islamic banking systems effectiveness in certain portion of the world such as that of Malaysia while at the same time evidences have also been provided of its inefficiency in certain other part of the world such as that of Pakistan and Middle East. Table of Contents Chapter One Introduction 5 1.1Background of the inquiry 5 1.2 Problem Statement 7 1.3 Aim, Objectives and look Questions 9 1.4 Structure of the Dissertation 10 Chapter both Literature Review 11 2.1. Introduction 11 2.2 Origins of Islamic Banking and Finance 12 2.3. Islamic Financial System 14 2.4. The Islamic Financial System and the Crisis 16 2.5 Strength of the Islamic Financial System 22 2.6 Weaknesses of the Islamic Financial System 26 Chapter Three Research Methodology 28 3.1. Overview of Research Philosophy & Approach 28 3.2. Research Strategy 29 3.3. Validation of Data Source 33 3.4. Validation of Data Collection & Data Analysis Process 33 3.5. Limitations of the Research Process 34 Chapter Four Findings, Analysis and Discussion 36 4.1. Introduction 36 4.2. Critical Evaluation of the Facts about Islamic Financial System 37 4.3 Empirical Evidence of Effectiveness of Islamic Financial Systems in other Counterparts of the World 44 Chapter Five Conclusion & Recommendation 59 5.1. Overview 59 5.2. Facts Generated from the Research Study 59 5.2.1. Challenges Faced by the Islamic Finan ce System 59 5.2.2. Strengths of the Islamic Finance System that Helped it persist the Financial Crisis 61 5.2.3. Reasons behind the Growth in Islamic Finance 63 5.3. Recommendation for time to come Works 64 6.0. References 66 7.0. Bibliography 81 Chapter One Introduction 1.1Background of the Research According to the verse of the bulky Allah (swt) about Islamic nation, You are the best of the nation raised up for mankind because you enjoin what is remedy and forbid the wrong and believe in Allah. The Islamic nations are blessed with the trait of being the worlds best nations brought up from humanity.1 The nation understands its responsibility well that people need to be battleful in rising against immorality and unfairness. One of such wrong deeds, observed by the Islamic nations, is the economic coercion and injustice that is adversely affecting the world.2 The recent financial crisis initiated within the