Ummatics Colloquium | Islamic Social Finance: Meaning & Means
A Muslim to another believer is like a building whose different parts enforce each other. Such prophetic teachings have historically been actualized through the active implementation of Islamic social finance. Society had more control over its own markets, and there were models in place that allowed society to support each other without significant intervention from a central authority, such as Zakat, Waqf, and Qard Hassan. How does Islam perceive the financial responsibility of a Muslim towards another Muslim in comparison to modern-day financial practices? In what way can Zakat, Waqf, and Qard Hasan foster a more inclusive economy?
Dr. Monzer Kahf, a distinguished scholar of Islamic economics and finance, will be elucidating the concept of Islamic social finance and the methods to implement it in today’s world. He has authored 35 books, published more than 75 articles, and contributed numerous conference and encyclopedia entries on Awqaf, Zakah, Islamic finance and banking, and other areas of Islamic economics. Dr. Kahf has served as a collaborating expert at the Islamic Fiqh Academy, an IMF Consultant on Islamic Finance, the Head of Research in IRTI-IDB, a Senior Research Economist, the Director of Finance in the Islamic Society of North America, among other roles. Currently, Dr. Kahf is a Professor of Islamic Finance & Economics at the Faculty of Economics and Management, Istanbul Sabahattin Zaim University, Turkey.
Date: Saturday, Jan 27, 2024, 11AM ET
Presenters: Dr. Monzer Kahf, Professor of Islamic Finance and Islamic Economics
Moderator: Dr. Usaama al-Azami