Islamic Finance and Conventional Finance: A Comparative Study

The succession of financial crises has demonstrated the fragility of the current financial system throughout the world. A system characterized by debt that is sometimes excessive risky and the greed of certain financial players. As a result researchers have mobilized to find relevant alternatives likely to offer solutions to the flaws of the current conventional system. Among the various scientific currents which have tackled this problem one distinguishes the works which were inspired by the principles of the Islamic religion. This branch of modern economics aims to make a rich contribution to global finance by establishing a conceptual and practical framework for participatory finance. This communication aims to present a part of the theoretical study of my research subject relating to the implementation of a multi-criteria investment process for a relevant choice of financial portfolios made up of assets listed on the Casablanca stock exchange and which conform to the investment principles of Islamic Shari''ah.