Publication: إسهامات المالية الإسلامية في التخفيف من التحديات الاقتصادية لاثار جائحة كورونا- 19: دراسة وصفية
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Date
2023-03-17
Authors
Journal Title
Journal ISSN
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Publisher
USIM Press
Abstract
Islamic banks bear a great responsibility in helping communities affected by epidemics and various crises. This is because these banks depend mainly on Islamic principles and values that command and urge us to cooperate in righteousness and piety, help the needy, and remove harm, so the aim of the study is to highlight the role of Islamic financing and its contributions in support of international efforts in facing the economic difficulties and effects left by the Corona-19 pandemic on society by giving a brief overview of the financial banks and their mechanism of action, mentioning the effects left by the Corona pandemic, and highlighting what these Islamic banks have done to mitigate the effects of the financial crisis resulting from the outbreak of the Corona-19 epidemic on society, represented in the means of immediate intervention "emergency policy". Recovery policy in the medium and long term. Therefore, this study uses the inductive descriptive approach by observing the relevant sources and Websites and then analyzing them to reach comprehensive research results., among the results of this study are the following: The study concluded the effectiveness of the role of Islamic finance in managing financial crises, with its effective tools in facing emergencies. Islamic financing instruments also provide security against external cyclical crises, such as the impact of the COVID-19 pandemic. Islamic assets also tend to perform relatively better in facing the challenges left by the COVID-19 pandemic compared to conventional banks.
Description
The 4th International Conference of Postgraduate Students and Academics in Syariah and Law 2023 (4th INPAC 2023)
“Pengajian Syariah dan Undang-Undang dalam Mendepani Cabaran Kontemporari”
Editors (Malay & English) : Nur Aina Abdulah, Mashitah Abdul Mutalib, Siti Syahirah Saffinee, Nur Al-Farhain Kamaruzaman, Zizi Azlinda Mohd Yusof, Mualimin Mochammad Sahid, Hussein 'Azeemi Abdullah Thaidi, Muhammad Aunurrochim Mas'ad Saleh, Haliza A. Shukor, Mariam Saidona Tagoranao.
Editors (Arabic) : Munir Ali Abdul Rab, Mahmoud Mohamed Ali Mahmoud Edris, Nurul Ain Binti Hazram, Ahmad Zaki Salleh, Baidar Mohammed Mohammed Hasan, Setiyawan Bin Gunardi, Fithriah Wardi, Lutfi Bin Mohamed Zain
Organizer: Faculty of Syariah and Law
17 March 2023
Keywords
Islamic banks, Corona pandemic, economic effects.
Citation
Abdulah, N. A., Abdul Mutalib, M., Saffinee, S. S. et al. (2023). In The 4th International Conference of Postgraduate Students and Academics in Syariah and Law 2023 (4th INPAC 2023). USIM Press.