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.
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