The ethical shield of Islamic finance

The global economy has entered an era of deep and dire straits. All over the world, heads of states and officials are talking about lower economic growth rates than previously announced. Some are even predicting negative growth. Obviously, some dark days are ahead of us but at least there is still a system left! In fact, during the first days of the crisis, experts were questioning the possibility of the financial crash leading to a general collapse of the world economic order. The main priority of the responsible parties at that time was to avoid a complete financial meltdown. They evidently succeeded and now their main concern is to try and minimize the effects of the crisis and to make sure that a crisis of this nature will not occur again. In pursuit of this objective, governments, central banks, regulating agencies and similar entities are trying to set the new