The recent unprecedented economic downturn and global supply chain disruption by the COVID-19 pandemic is accelerating the urgency for sustainable financing infrastructure that is agile, adaptable, and transformable. Sustainability and the 4th Industrial Revolution are about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policymakers and people from all income groups and nations, to navigate industry disruptions and transitioning to a new normal by harnessing converging technologies in order to create an inclusive, human-centered future.
The edited volume provides critical discussions on reframing the Islamic finance approach to sustainability and socio-economic development in the post-pandemic era. It highlights how selected Islamic finance tools alongside FinTech can not only ensure financial sustainability but also promote socio-economic policies that will aid the much-desired value and impact creation in the economy. The book focuses its analysis on the following three areas: reframing Islamic finance sustainability and socio-economic development; innovative Islamic financial tools for sustainable and socio-economic impact; and the role of FinTech in the road to sustainability. The edited volume will be of interest to scholars, researchers, and students of Islamic finance, sustainability, and financial technology.
Chapter 1: Islamic Finance, FinTech and the Road to Sustainability
Reframing the Approach in the Post-Pandemic Era: An Introduction.- Part I:
Re-Framing Islamic Finance Sustainabilit and Socio-Economic Development.-
Chapter 2: Islamic Finance and Sustainability: The Need to Reframe Notions of
Shariah Compliance, Purpose, and Value.- Tools and Conditions for Achieving
Sustainable Development in Islamic Finance.
Chapter 3: Maqasid al-Shariah
and Sustainable Development Goals Convergence: An Assessment of Global Best
Practices.
Chapter 4: The Resilience of Islamic Finance Against
Pandemic-Induced Future Economic Crisis.
Chapter 5: Emergence of Islamic
Finance in the Fourth Industrial Revolution and COVID-19 Post Pandemic Era.-
Part II: Innovative Islamic Financial Tools for Sustainable and
Socio-Economic Impact.
Chapter 6: Sukuk Innovation: Powering Sustainable
Finance in Islamic Markets.
Chapter 7: Mobilizing Funds for
Industrialization and Development Through Islamic Value System, Capital
Markets, and Social Finance .
Chapter 8: The Role of Green Sukuk in Maqasid
Al-Shariah and SDGs: Evidence from Indonesia.
Chapter 9: Is Islamic
Microfinance a Resilient Business Model During Periods of Crisis?.
Chapter
10: Empirical Evidence from Arab Countries.- Part III: FinTech Role in The
Road to Sustainability.
Chapter 11: Digital Finance and Artificial
Intelligence: Islamic Finance Challenges and Prospects.
Chapter 12: Open
Banking for Financial Inclusion: Challenges and Opportunities in
Muslim-Majority Countries.
Chapter 13: Islamic Specialized FinTech for
Inclusive and Sustainable Growth in Sub-Saharan Africa.
Chapter 14: The Role
of Technology in Effective Distribution of Zakat to Poor and Needy.
Chapter
15: Notion of Value-Added in RegTech Research Work: What is there for Islamic
Finance?
Zul Hakim Jumat is a Researcher for the Center of Islamic Economics and Finance (CIEF), College of Islamic Studies, Hamad Bin Khalifa University (HBKU), Qatar Foundation.
Saqib Hafiz Khateeb is a Research Fellow at College of Islamic Studies, Hamad Bin Khalifa University (HBKU), Qatar Foundation. Under the fellowship, he is the Project Lead for IBIR project - a bibliographic databank of Islamic Economics and Finance.
Syed Nazim Ali is a Research Professor and the Director for the Research Division, College of Islamic Studies, at the Hamad Bin Khalifa University, Qatar Foundation.
