Conversely, Islamic financial institutions and products are singled out for being less impacted directly by the turmoil due to their conformity with the Shariah principles since these principles bring greater discipline to the markets 25 : -  by eliminating a large number of derivatives transactions,  -  by putting a constraint on short sales,  -  by motivating the creditor in a good evaluation of the credit risk, thereby minimizing the moral hazard risk,  -  by preventing the amount of debt to be far above the size of the real economy.
The Philippine economy is coming off another banner year. Real GDP expanded by 6.7 percent in 2017. This is the sixth consecutive year that the economy had grown by over 6.0 percent. The IMF also shares our optimism, as it forecasts the Philippine economy to expand by about 6.7 percent in 2018 and 6.8 percent in 2019.