Islamic finance has grown steadily in recent years and has the potential to play a key role not just for Muslims but also for non-Muslim countries. Advances in Islamic finance and social finance show that there is a growing global interest in finding new ways to finance and create value in society, as both have

By Dr. Maizaitulaidawati Md Husin, Associate Professor, Azman Hashim International Business School, Universiti Teknologi Malaysia Islamic social finance refers to modes of finance rooted in Islamic ethics and intended for social benefit. It consists of instruments and institutions that could be used to alleviate poverty. Instruments such as Sadaqah (charitable giving), Waqf (endowments and trusts), Zakat (obligatory