CIMA Sri Lanka Division announces an evening discussion on "The Global Economic Crisis: an Islamic Finance Perspective" on February 18, 2009.
Is the current global crisis an economic crisis or a financial crisis? Do the causes lie only in the greed of human beings, the greed of investors and in the breed of investment bankers and their exotic investment banking product structures as believed by some; or do they also lie in the core economic theory that provided the framework upon which the world's economic and banking system has been designed, built and driven?
The presentation by Faizal Salieh, Managing Director and Chief Executive Officer of Amana Investments Limited will attempt to answer these questions by viewing the current global crisis from an Islamic finance perspective; examining the core conventional economic and banking theory framework and analysing the fundamental causes of the problem in the context of that framework. It will also assess whether the core principles of Islamic finance and banking could help in the formulation of a sustainable future solution?