THE CAUSE AND SOLUTION OF GLOBAL FINANCIAL CRISIS: A PERSPECTIVE OF ISLAM

Agustin, Hamdi and Rahman, Firdaus Abdul (2014) THE CAUSE AND SOLUTION OF GLOBAL FINANCIAL CRISIS: A PERSPECTIVE OF ISLAM. Arabian Journal of Business and Management Review (Oman Chapter), 3 (7). pp. 66-72. ISSN 2617-3190

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Abstract

Global financial crisis is basically the failure of the capitalist economic system. This system has been justified economic practices that conflict with Islamic economic system. Islam is an ideology derived from Allah SWT. Therefore, only the Islamic system which is able to save the world from destruction. Destruction of the global crisis that occurred in the beginning of the United States has an impact on all sectors, especially the financial sector. This can be resolved by removing the usury system, the implementation of the currency system based on gold and silver and that must be removed are non-real sector by closing the stock exchange and commodities transactions.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: > Manajemen
> Manajemen
Depositing User: Admin
Date Deposited: 02 Jan 2020 03:42
Last Modified: 02 Jan 2020 03:42
URI: http://repository.uir.ac.id/id/eprint/1585

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