Inclusive Finance
Bridging Communities through Islamic Social Finance
Edward Elgar Publishing
Published on 5. September 2025
Book
Hardback
278 pages
978-1-0353-4876-3 (ISBN)
Description
This insightful book explores the transformative potential of Islamic Social Finance (ISF) in addressing the social and economic challenges facing communities worldwide. Combining theoretical analyses with practical examples, the authors shed light on how ISF empowers people, promotes fairness, and supports sustainable development.
Mohsin and Muneeza explain key concepts such as Zakat (charitable giving), Waqf (endowments), Qard Hassan (interest-free loans), and Takaful (Islamic insurance), demonstrating how these principles work to support communities and create lasting change. Chapters draw on in-depth case studies to examine ISF's role in tackling poverty and social inequality, highlighting global best practices and impactful initiatives. They present practical strategies for addressing critical issues relating to regulation, awareness gaps, and accountability, ultimately emphasising the importance of ethical governance in achieving long-term sustainability.
Inclusive Finance is an essential read for students and scholars of economics and finance, as well as all those interested in ethical and sustainable financial models. It will also greatly benefit policymakers and professionals looking to use ISF for impactful development initiatives.
Mohsin and Muneeza explain key concepts such as Zakat (charitable giving), Waqf (endowments), Qard Hassan (interest-free loans), and Takaful (Islamic insurance), demonstrating how these principles work to support communities and create lasting change. Chapters draw on in-depth case studies to examine ISF's role in tackling poverty and social inequality, highlighting global best practices and impactful initiatives. They present practical strategies for addressing critical issues relating to regulation, awareness gaps, and accountability, ultimately emphasising the importance of ethical governance in achieving long-term sustainability.
Inclusive Finance is an essential read for students and scholars of economics and finance, as well as all those interested in ethical and sustainable financial models. It will also greatly benefit policymakers and professionals looking to use ISF for impactful development initiatives.
Reviews / Votes
'The book presents a fresh perspective on Islamic social finance, seamlessly blending theoretical frameworks with modern practical relevance. This groundbreaking book is essential for finance practitioners, policymakers, and other key stakeholders. Exploring the potential of Islamic social finance institutions to reshape the global financial system offers a significant pathway towards the goal of poverty alleviation through well-defined economic empowerment strategies.' -- Umar A. Oseni, Organisation of Islamic Cooperation Arbitration Centre, TurkeyMore details
Series
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-0353-4876-3 (9781035348763)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Magda Ismail Abdel Mohsin, Associate Professor, School of Graduate and Professional Studies and Associate Member, Centre of Excellence for Islamic Social Finance (CoE ISF), INCEIF University and Aishath Muneeza, Professor and Associate Dean, School of Graduate and Professional Studies and Associate Member, Centre of Excellence for Islamic Social Finance (CoE ISF), INCEIF University, Malaysia
Content
Contents
Foreword
Preface
1 Overview of Islamic social finance
2 Position of Islamic social finance within the structure of the
Islamic economic system
3 Zakat: empowerment and poverty alleviation
4 Waqf: sustainable service providers for communities
5 Qard-hasan: microfinance and social entrepreneurship
6 Takaful to achieve economic justice
7 Islamic social investments
8 Global initiatives and best practices in Islamic social finance
9 Challenges and opportunities in Islamic social finance
10 Ethical considerations and governance for Islamic social
finance
Foreword
Preface
1 Overview of Islamic social finance
2 Position of Islamic social finance within the structure of the
Islamic economic system
3 Zakat: empowerment and poverty alleviation
4 Waqf: sustainable service providers for communities
5 Qard-hasan: microfinance and social entrepreneurship
6 Takaful to achieve economic justice
7 Islamic social investments
8 Global initiatives and best practices in Islamic social finance
9 Challenges and opportunities in Islamic social finance
10 Ethical considerations and governance for Islamic social
finance