Towards A Post-Covid Global Financial System: Lessons In Social Responsibility From Islamic Finance

The impact of COVID-19 has exposed major cracks in the global financial system and has severely undermined global financial stability. Never have the shortcomings of universal financialization - the dominant principle of the global financial system for the past thirty-odd years - been more obvious or more painful. Islamic finance provides ways forward: based on commercial and social modes of risk-sharing and financing, it offers radical structural solutions to the health, human and financial crises faced in this unprecedented time. In Towards a Post-Covid Global Financial System: Lessons in Social Responsibility from Islamic Finance, an international team of experts explore how COVID-19 has affected the most vulnerable parts of the global economy; how it has been met by Islamic banking and finance specifically; and how the principles of Islamic social finance could be used to have a fairer, more resilient Islamic finance system for all.

• | Author: M. Kabir Hassan, Aishath Muneeza, Adel M. Sarea
• | Publisher: Emerald Publishing Limited
• | Publication Date: Jan 20, 2022
• | Number of Pages: 328 pages
• | Language: English
• | Binding: Hardcover
• | ISBN-10: 1800716265
• | ISBN-13: 9781800716261