Contemporary Issues in Islamic Social Finance  book cover
1st Edition

Contemporary Issues in Islamic Social Finance

ISBN 9780367505202
Published August 12, 2021 by Routledge
382 Pages 36 B/W Illustrations

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Book Description

The development of Islamic banking and finance (IBF) previously centred around three regions of the world: the Middle East, Southeast Asia, and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA, and Europe, especially in the UK. Several Western market players have established their own Islamic window or subsidiaries to cater to the need of growing Muslim populations in these regions.

This book examines the recent developments in IBF, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, halal education, takaful, mutual funds, and waqf. It covers the religiosity, spirituality, and tawhid index, which promotes social well-being and empowerment. The book is interdisciplinary, and theories, practice, and key issues are presented simultaneously, introducing new ideas and techniques to the IBF community. Moreover, the book examines topics such as innovation in Islamic social finance instruments, advanced techniques of risk mitigation in Islamic capital markets, marketing and the halal industry, and shari’ah-compliant instruments, which are critical to Islamic finance.

The book is an essential reference text for academics and research students at the master’s and doctorate levels in IBF.

Table of Contents

List of Figures

List of Tables


Chapter 1: Contemporary Issues in Islamic Socio-finance

Hussain M Qadri & M Ishaq Bhatti

Chapter 2: Implications of profit-sharing investment accounts on the capital structure of Islamic bank: a comparative study

Dawood Asharaf

Chapter 3: Tawhid index of global wellbeing as the principal indicator of spirituality and development

Masud Alam

Chapter 4: Risk management and risk sharing in Islamic finance: theory and practice

Rodney Wilson

Chapter 5: Debt, Risk and Islamic Moral Economy

Toseef Azid

Chapter 6: Role of state Banks Policy rate in the economy of Pakistan

Atiq ul Rehman

Chapter 7: Religion, Culture and Islamic Marketing

Hussain mohi ud din Qadri

Chapter 8: A theoratical model for job creation: The role of Banks

Anwar Shah

Chapter 9: Lessons from the UK’s dedicated Islamic banks

Mohammed Amin

Chapter 10: Inclusive and sustainable growth with Islamic Finance

Salman Ahmed

Chapter 11: Embracing Islamic Banking as a new Engine towards the Growth of Economy

Syed Abdul Rehman Shah

Chapter 12: The role of Zakat in addressing poverty: An analysis of Sokoto State Zakat and Waqf (endowment) Commission

Aminu Bhala

Chapter 13: Analysis of sources and uses of charity fund account: A case study of Meezan Bank


Chapter 14: Issuance of musawwamah based card by islamic banks as an alternative to credit card

Imam ud deen

Chapter 15:

The Socio-Economic Impact of Waqf in Islam: A study of Zakkat and Endowment Commission in Sokoto State

M. Dahiru Shunni

Chapter 16: Business Zakat Reporting: Evidences from the Islamic Financial Institutions

Teh Suhaila

Chapter 17: The Blueprint of Pre-Higher education pragramme: A platform to uplift the B40 Economics position

Aine Japar, Siti Salwa Salleh

Chapter 18: An increasing Demand for Halal products and services: A call for an enactment of international convention on Halal Industries

Ibrahim Danjuna

Chapter 19: Education for Young Generations on Halal Food Audit and Certification: Challenges and Future Aspects

Hadia Hashmi

Chapter 20: Halal Tourism optimization to economic Growth: Study at Jakarta Indonesia

Shinta Maharani

Chapter 21: Do best by providing quality services: A case study towards Islamic Banking and customer behaviour

Shahbaz Ahmed

Chapter 22: Green Sukuk for Financing Renewable Projects in Islamic Social Finance: Problems and Solutions

Maryam Saeed

Chapter 23: Conclusion on Contemporary Issues in Islamic Socio-finance

Hussain M Qadri & M Ishaq Bhatti


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Hussain Mohi-ud-Din Qadri is Deputy Chairman of the Board of Governors of Minhaj University, Lahore, and Associate Professor at the School of Economics and Finance, Minhaj University, Lahore, Pakistan.

M. Ishaq Bhatti is a Professor of Finance and Financial Econometrics and the Founding Director of the Islamic Banking and Finance Programme at Latrobe University, Australia.