Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis

Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis

Salina Kassim (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia), Anwar Hasan Abdullah Othman (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia) and Razali Haron (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia)
Release Date: April, 2021|Copyright: © 2021 |Pages: 410
DOI: 10.4018/978-1-7998-6811-8
ISBN13: 9781799868118|ISBN10: 1799868117|EISBN13: 9781799868132
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Description & Coverage
Description:

Social financial reporting as an economic tool presents the firm as a socio-economic unit with empowered social capital to enable a sustainable economic solution, particularly in response to the COVID-19 pandemic. Islamic social finance (ISF) is a corporate social responsibility initiative in the form of humanitarian and socio-development programs by Islamic financial institutions and Shariah-compliant corporations. ISF is applied through various methods and tools that structure based on Islamic Sharia Law. For example, Islamic social finance tools would either be philanthropic, involving activities such as zakat (obligatory alms-giving), Sadaqah (voluntary alms-giving/charity), and waqf (endowment) or ta’awun (cooperation-based activities), which include Qardh al-hasan (benevolent loan) and kafala (guarantee). Thus, Islamic social finance instruments play a vital role in alleviating poverty and addressing socio-economic issues such as illiteracy, unemployment, malnutrition, and health issues. As such, integrated ISF reporting can empower sustainable economic development and lead to recovery.

The Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis provides insights on the role of Islamic social finance in supporting and facilitating economic recovery in the post-COVID-19 era as well as reducing poverty and addressing the challenges of socio-economic problems such as education, unemployment, malnutrition, and health issues. This book is ideally intended for practitioners, stakeholders, researchers, academicians, and students who are interested in improving their understanding on the role of Islamic social finance theoretically and empirically in solving the issue of poverty and developing excellent funds management to achieve economic empowerment with better environmental sustainability.

Coverage:

The many academic areas covered in this publication include, but are not limited to:

  • Cash Waqf
  • Economic Recovery
  • Financial Inclusion
  • Financial Literacy
  • Islamic Banks
  • Islamic Microfinance
  • Islamic Social Finance
  • Poverty
  • Social Responsibility
  • Sustainable Development
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