Harnessing Islamic Financial Philosophies for Poverty Alleviation and Socioeconomic Evolution

View Full Paper

Ask AI

Bookmark

Authors

Discussion

Qualitative analysis showcases the role of islamic finance in poverty reduction, suggesting hybrid models may enhance financial inclusion.

Islamic financial instruments can effectively reduce poverty and promote socioeconomic growth.
Zakat and waqf are highlighted as crucial tools for enhancing financial inclusion and economic equity.
Regulatory inconsistencies and lack of awareness limit the impact of islamic finance on poverty alleviation.
Integrating traditional islamic principles with contemporary finance may foster a more equitable economic model.

Mehwish Malik (2025) studied this question.

View Full Paper

Ask AI

Bookmark

Qualitative analysis showcases the role of islamic finance in poverty reduction, suggesting hybrid models may enhance financial inclusion.