COVID-19 and Islamic social finance / edited by M. Kabir Hassan, Aishath Muneeza, and Adel M. Sarea.

Format:

Book

Contributor:

Hassan, Kabir, editor.

Aishath Muneeza, editor.

Sarea, Adel M., 1979- editor.

Series:

Islamic business and finance series.

Islamic business and finance series

Language:

English

Subjects (All):

COVID-19 (Disease)--Economic aspects.

COVID-19 (Disease).

Physical Description:

1 online resource (xxi, 241 pages) : illustrations.

Edition:

1st ed.

Place of Publication:

London ; New York, New York : Routledge, [2021]

Summary:

"It is said that COVID-19 pandemic has turned back the poverty clock. As such, there is need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in uplifting those who have been inflicted by poverty overnight due to halt in all major economic activities in the context of the pandemic. Since struggles against poverty for each country will be different, the book attempts to shed light on experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19, before delving into the role of Islamic social financial institutions and how they rise against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. The book is the first of its kind on the subject of COVID-19 and it intends to bridge the gap in the market"-- Provided by publisher.

Contents:

Cover

Half Title

Series Page

Title Page

Copyright Page

Table of Contents

List of illustrations

List of contributors

Foreword

Introduction

Part I Poverty and COVID-19

Chapter 1 Impact of COVID-19 on Islamic social finance

Chapter 2 Financial capacity indicators and risk exposure among different income groups: influence of COVID-19

Chapter 3 Financial inclusion and risk exposure among different income groups: the impact of COVID-19 pandemic

Chapter 4 Iran and COVID-19: an alternative crisis management system based on bottom-up Islamic social finance and faith-based civic engagement

Chapter 5 Impact of COVID-19 on sustainable development: a way forward

Part II Innovation in Islamic social finance to fight against COVID-19

Chapter 6 Islamic FinTech: the digital transformation bringing sustainability to Islamic finance

Chapter 7 Artificial intelligence and Natural language processing (NLP) based FinTech model of Zakat for poverty alleviation and sustainable development for Muslims in India

Chapter 8 Online monetary donations to mitigate the impacts of the COVID-19 crisis: evidence from Kuwait

Chapter 9 Adapting the Al Rajhi waqf model to mitigate the impact of COVID-19 on the ummah: a lesson to Muslim philanthropists

Chapter 10 Funding the refugee crisis in Turkey: a case for social impact sukuk

Part III Impact of COVID-19 on Islamic microfinance

Chapter 11 COVID-19 pandemic: the Islamic social capital perspective in Baitul Maal Wat Tamwil institutions movement in Indonesia

Chapter 12 Unlocking Islamic social finance to assist micro small medium enterprises in Brunei Darussalam

Chapter 13 The role of Islamic microfinance in eradicating the impact of COVID-19 on socio-economic wellbeing in Nigeria.

Chapter 14 Islamic social finance during economic uncertainty: special roles of Ar-Rahnu

Chapter 15 Profit-loss sharing principle: the strategic answer of solidarity in Islamic finance

Index.

Notes:

Includes index.

Description based on print version record.

ISBN:

1-00-312171-3

1-003-12171-3

1-000-35621-3

9781003121718

OCLC:

1200832616