Towards a post-Covid global financial system : lessons in social responsibility from Islamic finance

• Other Authors: Hassan, M. Kabir (Editor), Muneeza, Aishath (Editor), Sarea, Adel M. (Editor)
• Format: Electronic eBook
• Language: English
• Published: Bingley, U.K. : Emerald Publishing Limited, 2022.
• Subjects: International finance.; Finance, Public > Islamic countries.; Globalization > Economic aspects.; COVID-19 Pandemic, 2020- > Economic aspects.; elektronické knihy; electronic books
• ISBN: 9781800716278
• DOI: 10.1108/9781800716254
• Physical Description: 1 online resource (xxiii, 297 pages)
• Item Description: Includes index.

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.