A new book titled ‘Islamic Finance and the New Financial System’ claims to have the answer. Global finance has learned many lessons from the financial crisis of 2008, but its future is still far from certain. Policymakers and economists know that, unless something changes, we may be on the path to another collapse — perhaps even more severe than the last. A new book titled ‘Islamic Finance and the New Financial System’ coming out this month explores the nature of the shift that must take place in global finance. The book argues that incorporating Islamic financial principles may be the key to stabilizing the global economy and preventing future disaster.
AUTHOR: Tariq Alrifai