ABSTRACT
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.
TABLE OF CONTENTS
part I|85 pages
Poverty and COVID-19
chapter 2|16 pages
Financial capacity indicators and risk exposure among different income groups
chapter 3|18 pages
Financial inclusion and risk exposure among different income groups
chapter 4|18 pages
Iran and COVID-19
part II|81 pages
Innovation in Islamic social finance to fight against COVID-19
chapter 6|13 pages
Islamic FinTech
chapter 8|18 pages
Online monetary donations to mitigate the impacts of the COVID-19 crisis
chapter 9|15 pages
Adapting the Al Rajhi waqf model to mitigate the impact of COVID-19 on the ummah
part III|74 pages
Impact of COVID-19 on Islamic microfinance