THE GLOBAL FINANCIAL CRISIS

The beginning of 2008 showed signs of crisis is the inability of a large number of borrowers from the payment in August 2008 the number of defaulters has become Balmlain resulting from the inability of major companies with their payment and requested assistance, such as Aig announced by major companies to seek help and other companies declared bankruptcy.

5 - then spread the crisis to the countries of the world associated with significantly Oqsadha U.S. economy showed severe cash-flow crisis in these countries, which, for example (England-Germany-Japan ......)

Secondly, the results: - 1 - a liquidity crisis in the great global financial markets. 2 - low demand for raw materials, especially the oil, which led to a decline in price. 3 - The state of uncertainty in theory Alrosmalih because of the inability of the market to correct the situation. 4 - Reduction in the price of real estate and estate of America. 5 - A bankruptcy of a large number of major international companies in areas related to numbers.

The solutions: - 1 - The U.S. government presented a plan to rescue the House of Representatives a value of 700 billion dollars, and after deliberations between the rejection and acceptance has been approved by the House of Representatives and the Senate.

2 - The emergence Alndmajat and sales of a number of major companies to save it from bankruptcy.

3 - the number of pumping from central banks in several countries in the world of tens of billions of dollars to alleviate the liquidity crisis, such as the U.S. Federal Bank and Bank of Japan and the German central bank ... and so on.

The crisis is still ongoing











































8 نقاط لشرح THE GLOBAL FNINCIAL CRICIS

1 - The banks and lenders to extend loans to America mechanism risks, encouraged by booming real estate market in the period between 2001 - 2006, by donating borrowers loans without sufficient collateral in return for higher interest rates in order to maximize profitability.

2 - totaled 700 billion of loans extended to major financial institutions in lending to companies, real estate and contracting.


3 - changed the American market due to the high interest rate, and the inability of debtors to repay their loans in the United States, real estate, resulting in the decline in house prices.

4 - The crisis on the surface, clearly at the beginning of 2007 the increase in cases of cessation of payments, and the increase in the seizure of real estate lenders, many of the confrontations between borrowers and banks.

5 - The volume of loans to individuals Almosrp about a hundred million dollars, followed by aggravated even increased the value of assets linked to bad real estate mortgages to 700 billion dollars.

6 - This situation resulted from the fact that individuals and institutions for the sale of real estate, landed value, and increased supply over demand, Vdarat the crisis in a vicious circle, it exacerbated the increase in the number of homes offered for sale by 75% in 2007 to $ 2.2 million.

7 - decreased consumer spending and investment, the weakness of the ability of banks to finance companies and individuals, threatening the U.S. economy recession bitter, where the collapsed institutions and banks collapsed.

8 - moved to the crisis in Europe and Asia because many of the financial institutions where the U.S. financial market, and then evolved to the crisis much to threaten the world economy.

We must fellow the islamic finance for avoiding the crisis