Islamic social finance has a bigger humanitarian role

Islamic finance is used towards contributing to environmental, social, and humanitarian projects, in line with the spirit of Islam. Hundreds of financial institutions are involved in Shariah-compliant transactions, making Islamic finance an established and recognised industry around the world. Its assets were estimated at $2.88 trillion in 2019 and are expected to reach $3.69 trillion in 2024. The growth of the industry fostered an increasing interest in developing Islamic social financial (ISF) tools, where Islamic finance is used towards contributing

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