Inclusive Finance

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, Magda Ismail Abdel Mohsin and Aishath Muneeza 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 emphasizing 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.