Integration of Commercial and Social Finance in Islamic Perspective: Ideas and Necessities

Hafas Furqani, 2025068001 (2018) Integration of Commercial and Social Finance in Islamic Perspective: Ideas and Necessities. In: 3rd International Conference on Islamic Economics and Financial Inclusion, 11-12 Juli 2018, Yogyakarta, Indonesia.

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Abstract

Islamic finance is challenged to be able to contribute positively in solving modern
finance needs and at the same time realize Islamic vision in creating socio-economic justice
and equilibrium in society. The integration of commercial and social finance is one way to
address this challenge. This is possible since Islamic finance is having two potentials, namely
Islamic finance is the fastest-growing segments of the global financial industry and the
amount of social funds is always increasing; and Islamic finance is founded on the principles
that that support socially inclusive and development promoting activities, financial inclusion,
risk sharing, value based financial intermediation, reducing vulnerability of the poor and
more broadly contributing to financial stability and development. The paper attempts to
explore the foundations and unique characteristics of Islamic financial institution practice
that could provide a better platform to achieve socioeconomic justice as through integration
of commercial and social finance. In this regards three dimensions will be discussed, namely
Islamic finance and the idea of good finance, Islamic finance and socio-economic equilibrium
and Islamic finance the re-definition of Shariah compliance

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Islamic finance, social-commercial integration, good finance, socio-economic equilibrium
Subjects: 300 Sociology and Anthropology (Sosiologi dan Antropologi)
300 Sociology and Anthropology (Sosiologi dan Antropologi) > 330 Economics (Ilmu Ekonomi)
Divisions: Fakultas Ekonomi dan Bisnis Islam > S1 Ekonomi Syariah
Depositing User: Dr Hafas Furqani
Date Deposited: 15 Apr 2020 08:36
Last Modified: 15 Apr 2020 08:36
URI: https://repository.ar-raniry.ac.id/id/eprint/11697

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