The lesson of Islam to the world financial system

Banks Finansy27-05-2009 Lesson of Islam to the world's financial system at the beginning of the crisis, many analysts predicted that the current financial storm easiest thing to go through the Islamic financial system, in which, according to the rules of Islam, banned lending rate - the basis of wealth and power troubles for the traditional world of money. Today, as disclosed annual and quarterly reports, Bigness.ru figured out what the results showed the Islamic sector of the economy compared with the others. As a result of obedience to religious laws, the prohibition on charging a fixed percentage, and complex financial instruments, Islamic banks have helped to avoid huge losses due to non-payment of debts that led to the collapse of the global financial system. "Last year as a whole we can say that the biggest Islamic banks are in much more stable financial position than the largest U.S. banks. In particular, I spent the calculations showed that last year the four major Islamic banks, on average demonstrated twice the return on sales than the five largest U.S. banks. Also Islamic banks was substantially higher return on assets and capital ", - said Bigness.ru analyst of" Finam "Zarina Saidov.