Inside the Meltdown from the Perspective of an Islamic Financier

Abstract:     
In the middle the heat of one of the greatest recorded financial meltdowns, and the breakdown of toxic assets, some small niche practitioners deliberated an important question: could this financial crisis have been averted, had the savvy Wall Street investment banks used the principles at the heart of Islamic finance.

This paper differs from the post-financial crisis research articles as it explains the credit crunch in a "SIMPLE" manner for those who just joined the investment Banking industry.

Number of Pages in PDF File: 4

Keywords: toxic, financial crisis, sub-prime, CDO, CDS, SWAP, RMBS, derivative, interest

Accepted Paper Series