Purpose – The aim of this paper is to explore and discuss the causative factors of the current financial crisis from an Islamic perspective. This paper also examines Islamic finance as an alternative financial system and a potential long‐term solution to financial instability....

Purpose – The aim of this paper is to explore and discuss the causative factors of the current financial crisis from an Islamic perspective. This paper also examines Islamic finance as an alternative financial system and a potential long-term solution to financial instability....

Purpose – The purpose of this paper is to argue that if reconcilability between Islam and the West exists in the field of finance and if the two systems can co‐evolve in a mutually productive way, then we can be optimistic about the ability of the two systems to co‐exist. Clearly they...