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Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis (Hardcover)
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Handbook of Research on Islamic Social Finance and Economic Recovery After a Global Health Crisis (Hardcover)
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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.
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