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 Islamic Finance Highlights

Hassan, M. K., Muneeza, A., & Sarea, A. M. (2022). The impact of the COVID-19 pandemic on Islamic finance: the lessons learned and the way forward. In M. Kabir Hassan, Aishath Muneeza & Adel M. Sarea (Eds.), Towards a post-COVID global financial system lessons in social responsibility from Islamic finance (pp. 15-36). United Kingdom: Emerald Publishing Limited.

“COVID-19 has proved the incompatibility of the existing monetary policy applied to it which is derived from conventional principles. Therefore, there is need to enact a full-fledge Islamic monetary policy to cater for the needs of Islamic banks. This includes formulating a specific pricing mechanism for Islamic banking products.”

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Last Updated: 12th August 2022