Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Review

Evaluating profit organizations’ financial tools development strategy for managing crises

  Abdullah Ibrahim Nazal
Department of Finance and Banking, Faculty of Economics and Administrative Sciences, Zarqa University, Jordan. 
Email: [email protected]

  •  Accepted: 15 May 2013
  •  Published: 31 August 2013

Abstract

The purpose of the present study is to evaluate profit organizations’ financial tools development strategy in order to find limits. These limits can help the strategy to organize development internationally and locally without solving crises with negative effect. The study found out that there were negative outcomes because profit organizations were ignorant of their responsibility and were revenue oriented without considering the balance between their aims and that of their countries. This leads to weak monetary and financial policies. Islamic profit companies (as a case study) avoid interest with bad effects, being ignorant of one’s responsibility and negative effects on countries’ aims, by applying fixed and flexibility rules. Limits can speculate dealing and stages of financial tools life cycle. But this is not enough; there must be fixed and flexibility rules decided by law in addition to rules that control economic sectors for protection of communities. It is suggested that development be controlled up by contract conditions, which must be practical as Islamic companies  share their account.

 

Key words: Crises, profitable organizations, developing financial tools, limits.