TY  - JOUR
T1  - Islamic Financial System and its Ethical Values: A Solution to Financial Dilemmas
AU - Jani, Norsuria Binte AU - Hamat, Mustapha AU - Hassan, Rusni 
JO  - International Business Management
VL  - 11
IS  - 8
SP  - 1642
EP  - 1654
PY  - 2017
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2017.1642.1654
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2017.1642.1654
KW  - Financial
KW  -background
KW  -economic
KW  -interest-based
KW  -Islamic financial
KW  -subprime
AB  - Over the past recent years, the world has witnessed the downfall of large and prominent financial
institutions. Financial distress and economic downturn have negatively affected the society at large. While it
is acknowledged that the root of financial crisis is due to the heavily practiced of interest-based financing found
in the subprime mortgage market, the present study advocates that the crux reason for such failures is pinned
down to the unethical practices of the market players in the financial system. It is due to the inherent system
that has driven them to misbehave and develop their greediness. Using Lehman brothers as the background,
this study identifies various unethical issues. This study proposes Islamic ethical values and principles which
are embedded in the Islamic financial system as a solution to curb and overcome financial crises.
ER  -