This insightful book explores the transformative potential of Islamic Social Finance (ISF) in addressing the social and economic challenges facing communities worldwide. Combining theoretical analyses with practical examples, Magda Ismail Abdel Mohsin and Aishath Muneeza shed light on how ISF empowers people, promotes fairness, and supports sustainable development.
Mohsin and Muneeza explain key concepts such as
Zakat (charitable giving),
Waqf (endowments),
Qard Hassan (interest-free loans), and
Takaful (Islamic insurance), demonstrating how these principles work to support communities and create lasting change. Chapters draw on in-depth case studies to examine ISF’s role in tackling poverty and social inequality, highlighting global best practices and impactful initiatives. They present practical strategies for addressing critical issues relating to regulation, awareness gaps, and accountability, ultimately emphasizing the importance of ethical governance in achieving long-term sustainability.
Inclusive Finance is an essential read for students and scholars of economics and finance, as well as all those interested in ethical and sustainable financial models. It will also greatly benefit policymakers and professionals looking to use ISF for impactful development initiatives.
Arvustused
The book presents a fresh perspective on Islamic social finance, seamlessly blending theoretical frameworks with modern practical relevance. This groundbreaking book is essential for finance practitioners, policymakers, and other key stakeholders. Exploring the potential of Islamic social finance institutions to reshape the global financial system offers a significant pathway towards the goal of poverty alleviation through well-defined economic empowerment strategies. -- Umar A. Oseni, Organisation of Islamic Cooperation Arbitration Centre, Turkey
Contents
Foreword
Preface
1 Overview of Islamic social finance
2 Position of Islamic social finance within the structure of the
Islamic economic system
3 Zakat: empowerment and poverty alleviation
4 Waqf: sustainable service providers for communities
5 Qard-hasan: microfinance and social entrepreneurship
6 Takaful to achieve economic justice
7 Islamic social investments
8 Global initiatives and best practices in Islamic social finance
9 Challenges and opportunities in Islamic social finance
10 Ethical considerations and governance for Islamic social
finance
Magda Ismail Abdel Mohsin, Associate Professor, School of Graduate and Professional Studies and Associate Member, Centre of Excellence for Islamic Social Finance (CoE ISF), INCEIF University and Aishath Muneeza, Professor and Associate Dean, School of Graduate and Professional Studies and Associate Member, Centre of Excellence for Islamic Social Finance (CoE ISF), INCEIF University, Malaysia
