Turnitin Artikel Prosiding Integration of Commercial and Social Finance in Islamic Perspective

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