Islamic Social Finance

Old but Resilient Story: Impact of Decentralization on Social Welfare

Submitted by Umar Farooq Patel on Sun, 01/29/2023 - 11:23
This paper analyzes the fiscal performance of Turkey and Argentina during the period 2000–2021, when both countries faced rapid economic growth with the consequent impact on social welfare. This work explored two different systems: Centralization in Turkey and Federalism in Argentina and, in general, studied the decentralization impact of both the systems on social welfare. This study intended to create new social welfare indexes in other regions to analyze the resource allocation in different regions of these countries.

The Crowdfunding Platform as a Tool for Islamic Social Finance’s Implementation

Submitted by Umar Farooq Patel on Thu, 10/13/2022 - 18:32
Islamic social finance is becoming discussed direction, and social financial tools have been implemented for poverty and hunger alleviation in society for more than a thousand years. While financial technology is one of the most important innovations developing at the swift speed, partly driven by information technology and favourable regulation. The paper aims to research the role of financial technology in solving social challenges in the country through Islamic social instruments.

Equitable Islamic Finance

Submitted by Munir on Sun, 08/21/2022 - 13:55

Despite the exemplary growth of the Islamic finance over the past decades, already crossing USD 1 trillion mark, neither have the poor segments of the societies been duly attended to nor have the common masses been offered adequate chance to benefit from Islamic financial services.

The Shariah Recognition of Cryptocurrencies and their Usability for Waqf

Submitted by Munir on Fri, 08/12/2022 - 23:35

The shariah issues involving cryptocurrencies include the permissibility of dealing with them given that they are not backed by assets, nor their value is guaranteed by any authority or party. This is in addition to their vulnerability to sharp fluctuations in their values and to electronic piracy; not to mention the infeasibility of controlling their use in illegal activities, such as financing the drug trade and so on.

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