Contemporary Issues in Islamic Social Finance

The development of Islamic banking and finance was previously centred around three regions of the world, the Middle East, South East and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA and Europe, especially 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 Islamic banking and finance, 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 wellbeing, and empowerment. The book is interdisciplinary and theories, practice and key issues are presented simultaneously, introducing new ideas and techniques to the Islamic banking and financial 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 Shariah compliant instruments, which are critical to Islamic Finance. The book is an essential reference text for academics and research students at master's and Ph.D. level in Islamic banking and finance.