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Pandemic crisis, digitalization and social responsibility: an emerging role of Islamic economics and finance

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dc.contributor.authorM. Kabir Hassan
dc.contributor.authorAshraf Khan
dc.contributor.authorAishath Muneeza
dc.date.accessioned2021-09-22T02:55:04Z
dc.date.available2021-09-22T02:55:04Z
dc.date.issued2021
dc.description.abstractIslamic economics and finance derived its axioms from Shariah. Irrespective of the faith convictions, Islamic economics and finance has gained momentum in the world today. It is reported that by 2024, the global Islamic finance industry assets will reach USD$3.69 trillion and in 2019, it is estimated that Muslims have spent USD$2.02 trillion on halal sectors inspired by ethical consumption needs while it is anticipated that by 2024, this amount will reach to USD$2.4 trillion at a five-yaer cumulative annual growth rate of 3.1% (Dinar Standard, 2020). It is also forecasted that there will be 8% decrease in global Muslim spending in 2020 due to pandemic on sectors covered by report published by Dinar Standard (2020) which re food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors. It is also anticipated that except for travel sector, all the other sectors covered by Dinar Standard (2020) will return to pre-pandemic spends level by the end of 2021.en_US
dc.identifier.citationHassan, M. Kabir and Muneeza, Aishath and Khan, Ashraf. (2021). Pandemic crisis, digitalization and social responsibility: an emerging role of Islamic economics and finance. In M. Kabir Hassan, Mehmet Sarac and Ashraf Khan (Eds.), Islamic finance and sustainable development: a sustainable economic framework for Muslim and non-Muslim countries (pp. 35-53). Cham, Switzerland: Palgrave Macmillan.en_US
dc.identifier.isbn9783030760151 (Hardcover)
dc.identifier.isbn9783030760168 (eBook)
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3444
dc.languageEnglish
dc.language.isoenen_US
dc.publisherPalgrave Macmillanen_US
dc.rights2021. Palgrave Macmillan
dc.sourceSEDONA
dc.subjectIslamic economicsen_US
dc.subjectIslamic financeen_US
dc.subjectPandemic crisisen_US
dc.subjectDigitalizationen_US
dc.subjectSocial responsibilityen_US
dc.titlePandemic crisis, digitalization and social responsibility: an emerging role of Islamic economics and finance
dc.typeChapter in Booken_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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