Islamic economy as an alternative solution to managing economic crisis: Some fashionable case studies of Iran, Malaysia Saudi Arabia

Abstract

This review paper examined some economies derives from Islamic value premise in nations such as Iran, Malaysia, and Saudi Arabia as alternative solutions to economic crisis emanating from conventional economies. In today’s world of investment and finance, many proponents of Islamic finance (a related branch of Islamic Economics) believe that Islamic finance is a more stable institution as it was virtually unaffected by the financial crisis of 2008 and to some extend enjoys a recent success in the financial market that has awakened the interest of investors both inside and outside of the Islamic community