ABSTRACT

This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book provides an overview of the impact of COVID-19 on Islamic social finance by studying its impact on different components of Islamic social finance. It examines financial capacity as well as risk exposure among different income groups. The book illustrates how the COVID-19 pandemic can bring Islamic societies much learning in terms of crisis management and revitalization of their faith-based and Islamic assets. It discusses the effects of COVID-19 on the economy, society, and environment based on secondary data. The book also illustrates the importance of being innovative via Islamic FinTech for the sustainable development of Islamic finance. It argues that zakat could be used to fight against COVID-19 where the life of those with low income can be uplifted, and an artificial intelligence-based model is proposed for this purpose.