1st Edition

Islamic Economics and Financial Crisis

Edited By Erhan Akkas Copyright 2025
204 Pages 35 B/W Illustrations
by Routledge

204 Pages 35 B/W Illustrations
by Routledge

204 Pages 35 B/W Illustrations
by Routledge

This book explores the causes of the current economic crisis, evaluates the foundational principles of capitalism that contribute to crises, and investigates how an Islamic economic and banking system could play a role in fostering global stability. It includes theoretical and empirical analysis and assesses the resilience of the Islamic economic system and Islamic financial institutions in the... Read more

List of Figures

List of Tables

List of Contributors

Reflective Foreword

Searching for Emancipatory and Empowering Islamic Authenticity: From Islamic Finance to the Iqtisad World of Islamic Moral Political Economy

MEHMET ASUTAY

Preface

1 Re-thinking Financial Crisis: From Neoclassical Economics to Islamic Economics

HETY BUDIYANTI

2 Resilience to Avert Financial and Economic Crisis in Islamic Economics Framework

SALMAN AHMED SHAIKH

3 Assessing the Influence of Financial Crises on Income and Wealth Distribution: Islamic Finance Perspectives

DINA AHMED MOHAMED GHANDOUR

4 The Systematic Failures of the Current Economic System

M. KABIR HASSAN AND ZEYNULLAH GIDER

5 A Comparative Analysis of Dow Jones Global and Dow Jones Islamic Indices’ Performance During Crises

EMRE BULUT

6 Debt-Driven Economic Crisis Prediction for OIC Countries: A Machine Learning Approach

MOHAMMAD ASHRAFUL FERDOUS CHOWDHURY, MOHAMMAD ABDULLAH AND MD. MAHMUDUL HAQUE

7 Simulation of Shariah-Compliant, Conditional Currency Convertibility Based on Primary Commodities in ECO Countries to Avoid the Crisis of Fiat Currencies

PATRICK COLLINS

8 How Does Economic Uncertainty Affect the Financial Performance and Stability of Islamic and Conventional Banks in Hydrocarbon-Based Rentier Economies?

ERHAN AKKAS AND MEHMET ASUTAY

9 Analysing the Varied Dynamics of Monetary, Oil, and Geopolitical Shocks across Different Crisis Periods: The Saudi Arabian Perspective

CUMALI MARANGOZ

Index

Biography

Erhan Akkas is Associate Professor in the Department of Islamic Economics and Finance, Faculty of Political Sciences, Sakarya University, Sakarya, Türkiye.