Global Financial Crisis and its impacts on the Islamic Countries

By  Faiz.M.Shaikh, Munawwar Ali Kartio,

Abstract

The current research explore the impacts of financial crisis on the Islamic countries economies and how they sustained their economic growth under the global financial crisis. Data were collected from secondary sources, various Islamic and conventional banks, stock markets and past five years trend of the economy. It was revealed that conventional banks were affected by the financial crisis because their ROE and liquidity ratios were decreasing compare with Islamic banks they were less affected by the financial crisis.