Publication:
The impact of COVID-19 on Islamic finance: in the midst of every crisis, lies great opportunity
Abstract
COVID-19 is a pandemic that has overturned the world including the whole mankind. Never in the wildest dreams, one would have anticipated that a health crisis would lead to a multi-dimensional crisis where trade and transportation activities has been stopped; creating domino effect where many have become jobless overnight and is stuck at home unable to find alternatives to ease their personal situation. It is not only the individuals who were affected, but starting from small businesses to big giant corporations, COVID-19 has hit hard. As a result, there is no way individuals or private sector could survive unless and until the government saves them by providing a helping hand. The helping hand extended by the government costs a lot to them as there is no way to receive revenue during the time of unprecedented pandemic and it is being forced to find alternative source of funding to save themselves from getting into a fiscal deficit crisis.
Keywords
COVID-19 , Islamic finance , Opportunities
Citation
Muneeza, A. (2020). The impact of COVID-19 on Islamic finance: in the midst of every crisis, lies great opportunity. IF Hub, 3 (September 2020), pp. 25-31.
Publisher
INCEIF
DOI
Files
The_impact_of_Covid-19_on_Islamic_finance_Aishath.pdf
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