The euro area is experiencing a sovereign debt crisis; as a result, the foundations of its monetary union have been shattered. This crisis, which is an extension of an international financial crisis, shows that the European Union is not an optimum currency area. Robert Mundell’s work remains...

The title of the paper deals with an important issue: Is moral Islamic economics an answer to the global financial crisis? When we look at the literature, we do not have too much to say to answer this question