Islamic finance and social sustainability : parameters for developing a model for social impact measurement / Saadiah Mohamad and Nur Amirah Borhan

Saadiah, Mohamad and Nur Amirah, Borhan (2017) Islamic finance and social sustainability : parameters for developing a model for social impact measurement / Saadiah Mohamad and Nur Amirah Borhan. Malaysian Journal of Sustainable Environment (MySE), 3 (2). pp. 81-103. ISSN 0128-326X

Official URL: http://www.myse.my/

Abstract

To be true to the spirit of Islamic finance, embodied in the principles of maqasid al-shariah, developments in Islamic finance should contribute towards promoting social inclusion and reducing poverty. However, Islamic finance is criticised for the minimal social impact that it has created and its contribution towards promoting social sustainability. Thus, this paper aims to develop a comparative analysis of literature on the meaning, conceptualization and measurement models of social impact. Then, the paper uses maqasid al-shariah as a theoretical framework to conceptualise social impact and to propose a set of parametersthat can be used to measure the social impact of IFIs

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Saadiah, Mohamadsaadiahmohamad@salam.uitm.edu.my
Nur Amirah, Borhannuramairahborhan@yahoo.com
Subjects: H Social Sciences > HJ Public Finance > Study and teaching. Research
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Perak > Seri Iskandar Campus
Journal or Publication Title: Malaysian Journal of Sustainable Environment (MySE)
Journal: UiTM Journal > Malaysian Journal of Sustainable Environment
ISSN: 0128-326X
Volume: 3
Number: 2
Page Range: pp. 81-103
Official URL: http://www.myse.my/
Item ID: 29496
Uncontrolled Keywords: Islamic finance, Islamic economics, social impact, social sustainability
URI: http://ir.uitm.edu.my/id/eprint/29496

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