The financial crisis – Western banking versus Islamic banking, Michael Busler

Michael Busler The Richard Stockton College USA Email: Michael.busler@stockton.edu DOI:10.1108/20425961201000026 Abstract: The financial crisis has had a devastating impact on financial markets in the US and other western countries. Particularly hard hit were investors who purchased mortgaged backed securities, since as the value of the asset declined below the amount of debt, investors took large losses. […]

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