COVID-19 and Islamic social finance

"It is said that COVID-19 pandemic has turned back the poverty clock. As such, there is need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in uplifting those who have been inflicted by poverty overnight due to halt in all major economic activities in the context of the pandemic. Since struggles against poverty for each country will be different, the book attempts to shed light on experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19, before delving into the role of Islamic social financial institutions and how they rise against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. The book is the first of its kind on the subject of COVID-19 and it intends to bridge the gap in the market."