Financial and economic analysts including Islamic finance players have offered many plausible explanations for the financial debacle besieging Dubai. Their writings suggest that they are unanimous in the opinion that the fundamental basis is due to excesses whether in ambition, spending or debts. The Quran have warned Muslims of the dangers of excesses in Surah 26:128 which states “Do you build a landmark on every high place to amuse yourselves, and that you get for yourselves fine buildings as though you may live forever.
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