Islamic social finance tools have been instrumental in the alleviation of poverty and socio-economic development for over 1,400 years. Among the instruments available in Islamic social finance to achieve this are Zakat, Waqf and Sadaqa (charity) which have been adopted and applied even outside the Islamic world. The instruments are used to provide education and healthcare, develop infrastructure and maintain social welfare provisions for the poor and destitute.
INCEIF’s Islamic Social Finance Unit was established in August 2017 to coordinate, develop and put into effect INCEIF initiatives towards financial inclusion for all, as well as supporting United Nations’ Sustainable Development Goals (SDGs).
The Unit has executed a number of projects to promote Islamic Social Finance which are:
1. Roundtable on Waqf: Maximising Social Impact Through Waqf Solutions.
2. Collaborative projects with the International Federal of Red Cross and Red Crescent Societies
3. Micro-SMEs Entrepreneurship Skill Programme.
The Unit also regularly contribute articles on Islamic social finance (see below for the full articles).
In addition to the above, the Unit also organises volunteer programmes focussing on bringing the spirit of Islamic Social Finance to the community. If you have the passion, drive and professionalism to support the efforts, please fill volunteer registration form below.