Towards a Post-Covid Global Financial System
Lessons in Social Responsibility from Islamic Finance
M. Kabir Hassan, Aishath Muneeza, Adel M. Sarea, M. Kabir Hassan, Aishath Muneeza, Adel Sarea
- 372 pages
- English
- PDF
- Available on iOS & Android
Towards a Post-Covid Global Financial System
Lessons in Social Responsibility from Islamic Finance
M. Kabir Hassan, Aishath Muneeza, Adel M. Sarea, M. Kabir Hassan, Aishath Muneeza, Adel Sarea
About This Book
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.