Components of Islamic Social Finance

Islamic social finance can be categorized into three types: philanthropy, mutual cooperation, and investment models for entrepreneurs and venture capitalism. Philanthropy and mutual cooperation can be used for immediate humanitarian aid in emergencies, which include the tools of zakat (almsgiving), sadaqah (voluntary charity), Qard hasan (good loan), waqf (Islamic endowment or trust), takaful (Islamic Insurance), and Sukuk (Islamic bonds).

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