There is no doubt that traditional banking and finance have had a pretty tough time through the global financial crisis, at least where the escalation of indebtedness of both households and government drove spending excesses of such a scale as to create systemic and even sovereign credit risk.
By comparison, the progression of Islamic finance is perceived as a contrasting force to conventional banking practice, one whose precepts might be protective against that kind of deeply destructive episode………………………………………..Full Article: Source