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Towards a Post-Covid Global Financial System: Lessons in Social Responsibility from Islamic Finance
Hardcover
Business GeneralEconomicsInvesting & Finance
ISBN13: 9781800716261
Publisher: Emerald Pub Ltd
Published: Jan 20 2022
Pages: 328
Weight: 1.34
Height: 0.75 Width: 6.00 Depth: 9.00
Language: English
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.
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