From Khaleejtimes.com: Islamic finance can cut the severity and frequency of financial crises, and also reduce the problem of subprime borrowers by providing them loans at affordable terms, according to Umer Chapra, a well-known Saudi economist.

Chapra estimates the derivatives market to be around $600 trillion, more than 10 times the size of the world economy. The derivatives include credit default swaps (CDS) worth $54.6 trillion….. Full Article: Source