Palgrave Macmillan

The recent unprecedented economic downturn and global supply chain disruption by the COVID-19 pandemic is accelerating the urgency for sustainable financing infrastructure that is agile, adaptable, and transformable. Sustainability and the 4th Industrial Revolution are about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policymakers and people from all income groups and nations, to navigate industry disruptions and transitioning to a new normal by harnessing converging technologies in order to create an inclusive, human-centered future.

Provides a twenty-five year history of interest-free banking in Pakistan to contextualize predictions for a perpetually Shari’a compliant finance industry there. Also explains the logic behind Shar’ia economic prescriptions, specifically its commitments to free market mechanism, efficiency, ethical investment and social justice. Concludes with case-by-case performance evaluations of private and state Islamic banks in Pakistan.