Islamic Finance globally has continued to record an impressive performance with last year’s growth at 11.4 per cent. However, due to both the pandemic and oil price uncertainty, it is projected to record low to mid-single-digit development in 2020-21. How do we make sense of the chaos and uncertainty surrounding the economy? This talk argues that the pandemic provides an opportunity for Islamic Finance’s transformative growth in at least two broad areas: climate change and the environment, and the role of Islamic Finance in the social space, both within the global sustainability agenda.The talk also explores a growing area of Behavioural Economics and how it can move Islamic Finance beyond the narrow technicalities of shariah compliance to promote a more humanistic economy that is sustainable and socially just. 

 

 

Dr Saadiah Mohamad is currently the Honorary Professor of Economics at the Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia and the founding Chief Editor of the Journal of Emerging Economies and Islamic Research (JEEIR). She has over thirty years of teaching and research experience with nearly 15 years in the area of Islamic Finance and Islamic Economics. She has gone for research stints at Bank Negara Malaysia, the Asian Institute of Finance, the World Bank and the IMF and most recently as a visiting research fellow at the Oxford Centre for Islamic Studies. In 2018, Professor Saadiah and a few other women founded the Khadijah International Waqf Foundation (KIWF), registered in Labuan and in 2020 she founded Forum Ekonomi Manusiawi, an NGO promoting a humanistic, sustainable and an inclusive economy. Professor Saadiah was recognised in the list of Top 20 Most influential Women in Islamic Business and Finance in the 2019 Womani 300 Award by Cambridge International Finance Advisory, UK.

International Institute of Advanced Islamic Studies (IAIS) Malaysia.

Jalan Ilmu, Off Jalan Universiti 59100 Kuala Lumpur, Malaysia.

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