THE IRAQI MAGAZINE FOR ADMINISTRATIVE SCIENCES,
2015, Volume 11, Issue 44, Pages 82-107
Witnessed economic sectors in general and the financial and banking sector specifically tremendous changes and the rapid spread effects and Chapkadtha front and rear to nurture and develop the rest of the economic sectors consisting of a country's economy, in light of these developments, large global acceleration evolved the idea of Islamic banks, as it is the subject of Islamic banks of modern subjects in Banking and Finance, and has become of these banks under the requirements of the modern era an economic necessity for every Muslim society refuses to deal benefit, but extended attention and application in this field for the rest of Western societies and non-Islamic. spite of these global developments and challenges enormous able Islamic banks to lay foundations and build a knowledge base well established in international financial transactions, it became the Islamic banking is a reality in the life of international banking after it made its way in environments banking far in the foundations and rules and mechanisms for Islamic rules, and was able to achieve tangible successes by providing for a range of formats finance banking successful and distinctive and away from the base of the debt and usury, which is based upon the work of traditional banks, as well as its entry into the financial markets through some financial instruments are consistent with the provisions of Islamic Sharia.
She has lived most of the countries of the world in the recent disturbances and structural imbalances in the overall economic sectors , particularly banking and financial sector as a result of the recent global crisis that hit most countries in the world and is still suffering a lot of countries, and the global impact of the crisis and its repercussions . The nicest specialists and researchers , economists said that the crisis was behind them a lot of reasons perhaps most notably away the financial sector from the real thing , and what was the subprime crisis , but the spark that lit the fuse , and there are those who felt that the most important reasons behind the crisis is the lack of transparency and weak oversight and poor risk management and others.
The recent crisis has highlighted, and proved that there is a fundamental problem at the core of the global economy, which is difficult to achieve a balance of economic and financial under the facts of these economies, making them rely on or look at new data to resolve the economic problems and perhaps among the most prominent data is data Islamic economic thought, which provides Meal integrated economic problems and solutions of any economy. This economic thought in general and Islamic banking in particular represents a real application of the economic and banking transactions based on the real economy. Therefore, this study was to shed light on the nature and origins of Islamic banks and financial impact of globalization on them, as well as the impact of the global financial crisis on the financial sector to some Arab economies and what the most important challenges facing the Islamic banking in the light of globalization of financial data.
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