17 Dec 2021 By Know Muslim
The Islamic finance industry must strive to become a challenging industry. With a global appeal transcending that presents unique solutions for real-world problems.
Its common with Environmental, Social, and Governance objectives and has an appeal far beyond Muslim audiences.
Structured avoiding interest, Islamic finance helps reduce poverty, expand access to finance, develop the financial sector, and build stability and resilience.
The sustainable development of Islamic banking and finance offers benefits for economic growth, reducing poverty and fostering shared prosperity, he added.
People believed that through directed instructions, such as Zakah, Sadaqat, Waqf, and Qard-al-Hassana. The interest-free system creates effective wealth redistribution in the society
https://www.globalvillagespace.com/shaukat-tarin-believes-islamic-banking-system-can-reduce-poverty/
Information regarding Muslim World and Pakistan.
