Alternative finance. It is time to redefine capitalism

Authors

  • PhD. Besarta Tafa Canadian Institute of Technology, Faculty of Economy, Business Administration Department

DOI:

https://doi.org/10.59380/crj.v1i1.638

Abstract

Recently, there is an ongoing increased interest for the notion of Alternative Finance. It is a new concept, but it is becoming widely accepted from the market participants, especially in the financial market. Alternative Finance was first introduced after the financial crisis of 2008. Apparently, the it was thought to be a choice for the problems that the financial crisis caused. Many studies were conducted about the Alternative Finance, showing interesting results about it. Nowadays, more and more countries are using it in parallel with conventional finance. A special part of Alternative Finance is the Islamic Banking. It has a different way of operating from conventional Banking. The bank products are designed to fit a mutual incorporation with shared profits and risks, differing from those of conventional banks. They help their customers by financing their purchases or entering into different investing contracts to make profits.

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Author Biography

PhD. Besarta Tafa, Canadian Institute of Technology, Faculty of Economy, Business Administration Department

Besarta Tafa has been a lecturer of Finance and Accounting at the Canadian institute of technology since 2014. Graduated in Finance and Accounting, with an experience as financier in NGO. Holding a PhD diploma in Business Administration from Charisma University, United Kingdom. Research associate at EMAT laboratory, University de Moncton, Canada. Author of the book titled “Islamic Finance, an alternative solution to financial crisis”, published by LAP publishing house, Germany. Author of some journal articles.

References

“Anti-Monopoly”. TIME. 1938-05-09. Retrieved 2014-02-23.

Heywood, Andrew (16 February 2017). “Anarchism”. Political Ideologies: An Introduction (6thed.). Macmillan International Higher Education. p. 146.

Udland, Myles (27 May 2016). “IMF: The last generation of economic policies may have been a complete failure”. Business Insider.

Ahmed Ali Siddiqui (2014), Islamic banking industry–growing amid challenges

Natalie Schoon, (2009), “Islamic Banking and Finance”, Spiramus Press, ISBN1904905110, 9781904905110

Albert, Michael Parecon: Life After Capitalism Archived October 16, 2008, at the Wayback Machine Chapter 19 Individuals / Society

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Published

2023-02-23

How to Cite

Tafa, B. (2023). Alternative finance. It is time to redefine capitalism. CRJ, 1(1), 15–17. https://doi.org/10.59380/crj.v1i1.638

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Section

Articles