Introduction to Islamic Social Finance
From SDG Academy
Islamic social finance can be defined as “the branch of Islamic finance where the products and services offered are designed to achieve social goals with or without profit”. There is a misconception that all forms of Islamic social finance should be designed in a way that there should be no element of profit involved. Apart from the distinctive tools of Islamic social finance, even the Islamic trade contracts used to structure products and services of Islamic commercial contracts can be used in Islamic social finance.
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