Islamic Social Finance

Author : Valentino Cattelan
Publisher : Routledge
Page : 222 pages
File Size : 48,7 Mb
Release : 2018-08-06
Category : Business & Economics
ISBN : 9781351987431

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Islamic Social Finance by Valentino Cattelan Pdf

The current dynamics of world economy show remarkable changes in the socio-economics of credit provision and entrepreneurship. If the emergence of the sharing economy is fostering innovative models of collaborative agency, networking and venture business, economic actors are also looking for a more sustainable development, able to foster profitability as well as community welfare. This book investigates Islamic social finance as a paramount example of this economy under change, where the balance between economic efficiency and social impact is contributing to the transformation of the market from an exchange- to a community-oriented institution. The collected essays analyse the social dimension of entrepreneurship from an Islamic perspective, highlighting the extent to which the rationales of "sharing," distribution and cooperation, affect the conceptualization of the market in Islam as a place of "shared prosperity." Moving from the conceptual "roots" of this paradigm to its operative "branches," the contributing authors also connect the most recent trends in the financial market to Shari‘ah-based strategies for community welfare, hence exploring the applications of Islamic social finance from the sharing economy, FinTech and crowdfunding to microcredit, waqf, zakat, sukuk and green investments. An illuminating reference for researchers, practitioners and policy-makers dealing with the challenges of a global market where not only is diversity being perceived as a value to be fostered, but also as an important opportunity for a more inclusive economy for everybody.

Author : Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti
Publisher : Routledge
Page : 389 pages
File Size : 55,8 Mb
Release : 2021-08-11
Category : Business & Economics
ISBN : 9781000426229

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Contemporary Issues in Islamic Social Finance by Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti Pdf

The development of Islamic banking and finance (IBF) previously centred around three regions of the world: the Middle East, Southeast Asia, and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA, and Europe, especially in the UK. Several Western market players have established their own Islamic window or subsidiaries to cater to the need of growing Muslim populations in these regions. This book examines the recent developments in IBF, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, halal education, takaful, mutual funds, and waqf. It covers the religiosity, spirituality, and tawhid index, which promotes social well-being and empowerment. The book is interdisciplinary, and theories, practice, and key issues are presented simultaneously, introducing new ideas and techniques to the IBF community. Moreover, the book examines topics such as innovation in Islamic social finance instruments, advanced techniques of risk mitigation in Islamic capital markets, marketing and the halal industry, and shari’ah-compliant instruments, which are critical to Islamic finance. The book is an essential reference text for academics and research students at the master’s and doctorate levels in IBF.

Author : Kassim, Salina,Othman, Anwar Hasan Abdullah,Haron, Razali
Publisher : IGI Global
Page : 410 pages
File Size : 45,5 Mb
Release : 2021-04-30
Category : Business & Economics
ISBN : 9781799868132

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Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis by Kassim, Salina,Othman, Anwar Hasan Abdullah,Haron, Razali Pdf

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.

Author : M. Kabir Hassan,Aishath Muneeza,Adel M. Sarea
Publisher : Routledge
Page : 242 pages
File Size : 52,5 Mb
Release : 2021-03-08
Category : Business & Economics
ISBN : 9781000356212

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COVID-19 and Islamic Social Finance by M. Kabir Hassan,Aishath Muneeza,Adel M. Sarea Pdf

It is said that the COVID-19 pandemic has turned back the poverty clock. As such, there is a 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 helping those who have been affected by poverty overnight due to the halt in all major economic activities in the context of the pandemic. Since the struggle against poverty in each country will be different, the book attempts to shed light on the 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 have risen against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. This book is the first of its kind on the subject of COVID-19, and it intends to bridge the gap in the literature.

Author : Mohd Ma'Sum Billah
Publisher : Routledge
Page : 991 pages
File Size : 42,6 Mb
Release : 2020-09-14
Category : Business & Economics
ISBN : 9781000176216

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Awqaf-led Islamic Social Finance by Mohd Ma'Sum Billah Pdf

This book provides an authoritative and comprehensive overview of Waqf (endowment), addressing specific issues, models, solutions, structures and practices. As Islamic finance has gained in significance, so too has the institution of Waqf, working towards creating an enterprising and an entrepreneurial community across the globe, in order to meet the underlying objectives of the sustainable development goals (SDGs) by targeting the low-income group in particular. The book analyses the historical context of Waqf as well as its revival in the digital era. It addresses the laws and policies affecting the management of Waqf, such as Maqasid al-Shari’ah, law and policies, law and fiscal reform, regulations applied within Muslim countries, judicial procedures and dispute resolutions and covers the core issues concerning the formalities of Waqf, its management and corporate governance questions. The book includes a series of specialised chapters focusing on the products and services of Waqf, covering product innovation, product development, and then assesses the risk factors in Waqf and Waqf Takaful. Finally, it focuses on the challenges of Waqf and offers recommendations for the way forward. A timely and practical guide, comprising a literature review and future research directions, as well as a number of international case studies, this will be a key reference for academics, students, researchers, practitioners and policy makers.

Author : Sherin Kunhibava
Publisher : Springer Nature
Page : 177 pages
File Size : 41,6 Mb
Release : 2024-06-09
Category : Electronic
ISBN : 9789819714100

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Islamic Social Finance by Sherin Kunhibava Pdf

Author : Maram Ahmed
Publisher : Springer Nature
Page : 249 pages
File Size : 52,7 Mb
Release : 2021-10-18
Category : Business & Economics
ISBN : 9783030832094

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Innovative Humanitarian Financing by Maram Ahmed Pdf

Humanitarian crises have become more frequent, complex and protracted. If current trends continue, it is estimated that by 2030, humanitarian assistance costs could increase to $50 billion per year. By then, two-thirds of the world’s poor are at risk of living in conflict-affected countries. To bridge the gap, humanitarian organizations are increasingly utilizing innovative financing tools such as impact bonds, faith-based finance and other innovative financial products and services to mobilize greater funding to address humanitarian needs. This book is among the first to assess a set of innovative financing mechanisms that have been transforming the humanitarian sector and explores their key opportunities, challenges and future prospects. This book will be of interest to academics, practitioners, humanitarian organizations and policy makers involved in humanitarian financing and to the humanitarian sector in general.

Author : Shafinar Ismail,M. K. Hassan,Suharni Rahmat
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 49,5 Mb
Release : 2023-01-28
Category : Electronic
ISBN : 1803929790

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Islamic Social Finance by Shafinar Ismail,M. K. Hassan,Suharni Rahmat Pdf

Islamic Social Finance provides an introduction to the Waqf system, which has played a significant socio-economic role throughout the history of Islamic civilization. In a contemporary framework, Waqf creates new networks between micro-entrepreneurs, Small and Medium Sized Enterprises (SMEs), and entrepreneurship through voluntary donations made by individuals in a society. In other contexts, Waqf supports the financial system and contributes to the UN sustainable development goals (SDGs). The authors explore the relationship between the roles Waqf plays in realizing the SDGs, its contributions in many sectors of the economy, and the Waqf practices among the Southeast Asia countries, particularly Malaysia. They highlight the existing Waqf models and framework that have been used by many countries for entrepreneurship that can be used or adapted for the benefits of SMEs. This book is a comprehensive overview for academics, postgraduate students, entrepreneurs, and policy makers who wish to understand how Waqf can contribute to the economic progress of individuals and society at large.

Author : Abbas Mirakhor,Adam Ng,Mansor H. Ibrahim
Publisher : Springer
Page : 209 pages
File Size : 52,5 Mb
Release : 2015-09-01
Category : Business & Economics
ISBN : 9781137476050

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Social Capital and Risk Sharing by Abbas Mirakhor,Adam Ng,Mansor H. Ibrahim Pdf

This exciting new addition to Palgrave Studies in Islamic Banking, Finance, and Economics argues that social capital can facilitate rule-compliance and co-operation in the sharing of risk in financial and economic activities.

Author : M. Kabir Hassan,Aishath Muneeza,Adel M. Sarea
Publisher : Emerald Group Publishing
Page : 328 pages
File Size : 46,5 Mb
Release : 2022-01-20
Category : Business & Economics
ISBN : 9781800716254

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Towards a Post-Covid Global Financial System by M. Kabir Hassan,Aishath Muneeza,Adel M. Sarea Pdf

In Towards a Post-Covid Global Financial System a team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.

Author : Mohd Ma'Sum Billah
Publisher : Springer Nature
Page : 666 pages
File Size : 48,7 Mb
Release : 2021-04-21
Category : Business & Economics
ISBN : 9783030653132

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Islamic Wealth and the SDGs by Mohd Ma'Sum Billah Pdf

The SDGs, developed by the UN in 2012, focuses on 17 goals for the betterment of humanity and humanitarian causes. Among the core objectives of Shari'ah in Islamic finance is to offer a helping hand, emphasizing the efforts and scope of the SDGs. This book explores how Islamic ethical wealth is structured to contribute to the SDGs and an overall socio-economic impact within the principles of Maqasid al-Shari’ah. Focusing areas such as Islamic micro-finance, wealth inclusion, corporate and agro-Zakat, Awqaf, SRI Sukuk, and green Sukuk, this book will feature contributions from the leading researchers in sustainability and Islamic finance and will be of interest to scholars, researchers, industrialists, NGOs, UNDP and students studying both areas.

Author : Albastaki, Yousif Abdullatif,Razzaque, Anjum,Sarea, Adel M.
Publisher : IGI Global
Page : 367 pages
File Size : 55,6 Mb
Release : 2020-08-28
Category : Business & Economics
ISBN : 9781799832591

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Innovative Strategies for Implementing FinTech in Banking by Albastaki, Yousif Abdullatif,Razzaque, Anjum,Sarea, Adel M. Pdf

FinTech is encouraging various new practices, such as diminishing the use of cash in different countries, increasing rate of mobile payments, and introducing new algorithms for high-frequency trading across national boundaries. It is paving the way for new technologies emerging in the information technology scene that allow financial service firms to automate existing business processes and offer new products, including crowdfunding or peer-to-peer insurance. These new products cater to hybrid client interaction and customer self-services, changing the ecosystem by increasing outsourcing for focused specialization by resizing and leading to new ecosystems and new regulations for encouraging FinTech. However, such new ecosystems are also accompanied by new challenges. Innovative Strategies for Implementing FinTech in Banking provides emerging research exploring the theoretical and practical aspects of technology inclusion in the financial sector and applications within global financing. It provides a clear direction for the effective implementation of FinTech initiatives/programs for improving banking financial processes, financial organizational learning, and performance excellence. Featuring coverage on a broad range of topics such as artificial intelligence, social financing, and customer satisfaction, this book encourages the management of the financial industry to take a proactive attitude toward FinTech, resulting in a better decision-making capability that will support financial organizations in their journey towards becoming FinTech-based organizations. As such, this book is ideally designed for financial analysts, finance managers, finance administrators, banking professionals, IT consultants, researchers, academics, students, and practitio

Author : Toseef Azid,Murniati Mukhlisin,Nashr Akbar,Muhammad Tahir
Publisher : Emerald Group Publishing
Page : 275 pages
File Size : 44,6 Mb
Release : 2021-06-16
Category : Business & Economics
ISBN : 9781800437883

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Monetary Policy, Islamic Finance, and Islamic Corporate Governance by Toseef Azid,Murniati Mukhlisin,Nashr Akbar,Muhammad Tahir Pdf

Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International overview explores the interrelationships between corporate governance from the perspective of shari’ah, banking industry and monetary policy and is a must-read for students and professionals.

Author : M. Kabir Hassan,Mehmet Saraç,Ashraf Khan
Publisher : Springer Nature
Page : 395 pages
File Size : 53,8 Mb
Release : 2021-08-13
Category : Business & Economics
ISBN : 9783030760168

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Islamic Finance and Sustainable Development by M. Kabir Hassan,Mehmet Saraç,Ashraf Khan Pdf

The book is a collection of chapters discussing the Sustainable Development Goals in the broader context of Islamic finance along with mapping the SDGs with Maqasid Al-Shariah. It provides a framework for both Muslim and non-Muslim countries to develop a sustainable economy which encompasses not only the concept of the welfare state but also supports development-related activities, ensures financial inclusion through equal distribution of wealth and alleviation of poverty, and protects the overall environmental and ecological system. More specifically, this book explores various aspects of Islamic finance in relation to parameters of SDGs; restructuring of Islamic finance and connecting its dots in the light of SDGs; Islamic perspective on ESG and ecological quality; interest-free tools and modernization of Islamic financial institutions for sustainable development and economic stability; and the role of Islamic finance in infrastructure-related development activities. Consistent with the view that SDGs are embedded within the theme of Islamic finance, this book is specifically designed to meet the needs of key regulatory institutions, academic scholars, and industry practitioners both in the field of Islamic finance and sustainable finance.​

Author : M. Kabir Hassan,Aishath Muneeza
Publisher : Cambridge University Press
Page : 117 pages
File Size : 44,9 Mb
Release : 2022-07-07
Category : Business & Economics
ISBN : 9781009194693

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COVID-19 and Islamic Finance by M. Kabir Hassan,Aishath Muneeza Pdf

The objective of this Element is to provide an overview of Islamic finance by highlighting the impact of the pandemic on it in a comprehensive manner by looking at two branches of Islamic finance: Islamic commercial finance; and Islamic social finance. The approach that is adopted in this Element is to first provide an overview of Islamic finance to the readers in a simple and easy manner followed by the impact of pandemic discussed separately for both types of Islamic finance. Last, but not least, the Element also recommends ways in which Islamic finance could be further improved in the light of the lessons learnt from the pandemic. It is anticipated that the recommendations made in this regard would assist policymakers, practitioners, researchers and other stakeholders of Islamic finance to understand the way to unlock the full potential of Islamic finance to reduce the wealth gap and achieve financial inclusion.