This is an essay by Dr. Mohammad Malkawi first published in March 2008 addressing the root causes of the current financial crisis. 

Following a week of unmitigated turmoil in the financial markets, alternative solutions on how financial markets operate should garner new light.

In the aftermath of the Dubai ports controversy, more has been affected than the collapse of the deal. The deal has had a great impact on perceptions of America in the Arab world, and it will potentially have a great impact on international financial markets and political and economic interaction between the west and the Islamic world, especially the Gulf. Now that the dust has settled, we can examine some of the effects of these events, while considering the changing circumstances in the Islamic world.