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this is a big topic, and it needs deep analysis, honnestly I don't know many things about how it works and how to implement it in our countries.
http://www.huffingtonpost.com/parvez-ahmed/the-current-economic-cris_b_516965.html
Islamic concepts are universal systems. In my opinion, these are better than the conventional international systems. But very small work has been done to streamline the islamic Philosophy to benefit and for reporting purposes.
I apologize foranswer because the answer to this question needs a person had experienced in the field of global trading economy .and the field of Islamic economy.
To Understand the Islamic financial systems requires Conventional financial systems, Quran, Trust on ALLAH and bold in taking the decisions.
Dear the Islamic Financial System is a solution of Human being mean all kinds problem solution.
Sure, Islamic finance is well suited to the global economy, and countries gave ore attention to this subject after the crisis of2008 and the increasing inflation. This week, UK cinfirmed its commitment to the islamic finance, and it is educated since many years in France.
oui que je crois
Islamic Banking system is asset based and controls the inflation in the economy. It is directly propotionate to GDP. It is safe/less riskey and also provides confidence to investors as well as shariah compliant alternative to conventional bankig system.
who to apply this on the ground remain the factor to say Islamic financial system is the solution
Islamic system law and principle were created by Good but Human were the direct source of violation to brash this principle at their favor and invent reasons became common
Now a days Islamic Banks are providing all types of financial assistance. Islamic economic system is complete and very comprehensive and is an alternative to existing interest based system.
