Welcome to JEEIR
e - ISSN 2289 - 2559

Journal of Emerging Economies and Islamic Research

 
 

Volume 5, Number 1, Year 2017
 

REGULAR ARTICLE

ABSTRACT

While the premise of Islamic finance embraces  the principles of maqasid al-shariah and risk sharing with  claims to social justice and welfare, the direct impact of the modern Islamic finance industry and its contribution to the social sector  has been limited. This paper examines the claim among critics that there is an inherent  weakness of the present day Islamic banking and finance in terms of its underdeveloped social sector and argues for the need for new models that will enhance a proliferation of shariah compliant financial products  for solutions in the social sector. The paper examines the emergence in Social finance of  social bonds as new financing tools targeting on  social needs and problems that otherwise would not be tackled.  This paper discusses  the benefits of  structuring such a shariah compliant product and  makes recommendations for structuring this new asset class  referred to in this paper  as social sukuk.  

 

KEYWORDS

Socially responsible investment (SRI), Social impact bond (SIB) Shariah compliant, Islamic finance, Social finance

 

isuzu cikarang isuzu cikarang bekasi jakarta isuzu giga isuzu giga isuzu giga isuzu elf isuzu panther Dealer Isuzu Bekasi Cibitung Cikarang isuzu elf isuzu giga elf sparepart isuzu kredit isuzu harga isuzu promo isuzu dealer isuzu isuzu isuzu mobil isuzu bekasi isuzu online isuzu kita promo isuzu promo isuzu isuzu giga isuzu panther isuzu elf paket umroh Resep Masakan Resep Masakan