The financial crisis that began using the demise of Lehman Siblings in 2008 and almost introduced the planet economy to the knees has motivated many worldwide financial institutions to complete some serious soul-searching. Because they attempt to strengthen their capital and lower their risk procedures, whom should government authorities, government bodies and financial bosses use for inspiration? A great starting point is always to study individuals banks which have carried out best because the crisis - a few of which, ironically, were proven to become "under-carrying out" in the year 2006, throughout the heady times of the housing boom. Within this sense, Islamic banking is a great test case. The authors, who have the ability to extensive experience in the centre East, evaluate how belief-based values have formed a few of the unconventional items and services that Islamic banks offer, plus they highlight the difficulties these banks face because they expand their presence to Western nations. Might there be helpful lessons for conventional banks because they re-conceptualize and rebuild their broken institutions within the wake from the crisis?
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