Towards a Post-Covid Global Financial System

M. Kabir Hassan is Professor of Finance in the Department of Economics and Finance in the University of New Orleans, Louisiana, USA. He currently holds three endowed Chairs - Hibernia Professor of Economics and Finance, Hancock Whitney Chair Professor in Business, and Bank One Professor in Business - in the University of New Orleans. Professor Hassan is the winner of the 2016 Islamic Development Bank (IDB) Prize in Islamic Banking and Finance. Aishath Muneeza is Associate Professor at the International Centre for Education in Islamic Finance (INCEIF), Malaysia. She is the first female Deputy Minister of the Ministry of Islamic Affairs and was the Deputy Minister of the Ministry of Finance and Treasury of the Republic of Maldives. Adel M. Sarea is Associate Professor of Accounting and Economics at Ahlia University, Bahrain. He has published numerous papers, book chapters and edited several books and serves on the editorial team of several international journals published by Elsevier, Emerald and Taylor & Francis. He is the winner of Emerald Literati Award 2014.

Foreword; Mohamad Akram Laldin

Part 1: Resilience of Islamic Financial System in the midst of the Pandemic

Chapter 1. The Impact of the COVID-19 Pandemic on Islamic Finance: The Lessons Learned and the Way Forward; M. Kabir Hassan, Aishath Muneeza, and Adel Sarea

Chapter 2. OIC Economies during the COVID-19: Implications and Recommendations; M. Kabir Hassan, Saeed Awadh Bin-Nashwan, and Aishath Muneeza

Chapter 3. COVID-19 and Islamic Finance: A Practitioners' view and Financial Accounting Investigation; Paolo Biancone, Silvana Secinaro, Davide Calandra, and Federico Chmet

Chapter 4. COVID-19 and Resilience of Islamic Home Financing: Enhanced Musharakah Mutanaqisah (EMM) Model as an Example; Alam I. Asadov

Chapter 5. Measuring Good Governance for Islamic Financial Institutions for Achieving Islamic Social Finance Objectives: The Need for Shariah Governance Index; Nor Asila Binti Nazmi, Rusni Hassan, and Abdul Rahim Abdul Rahman

Part 2: Pandemic Transformation of Zakat and Waqf Management Practices

Chapter 6. Internationalization of Zakat to Serve Humanity in the Midst of COVID-19: Using International Organizations as Intermediaries of Zakat; Jemilah Mahmood, M. Kabir Hassan, and Aishath Muneeza

Chapter 7. Waqf To Support Healthcare Well-Being Mission: The Proposed Model for Corporate Waqf For Healthcare (CWFH); Rusni Hassan and Khairul Fikry Jamaluddin

Chapter 8. Modelling Effective Zakat Management for the 'stans' of Central Asia and Establishing Pandemic Resilience; Ziyaad Mahomed

Chapter 9. A Review on Governance and Best practices in Waqf Management for Sustainable Development in Selected Malaysian States and Other Countries; Rusni Hassan, Noor Mahinar Abu Bakar, and Noor Haini Akmal Abu Bakar

Chapter 10. Role of Zakat in Responding to COVID-19 Pandemic: Lessons Learnt and Way Forward; Randi Swandaru and Magda Ismail Abdel Mohsin

Part 3: Case Studies of Islamic finance and Pandemic Innovations

Chapter 11. The Need to Digitize Sukuk Issuance Amid COVID-19 Crisis; Sherin Kunhibava, Zakariya Mustapha, Aishath Muneeza, Auwal Adam Sa’ad, and Muhammad Ershadul Karim

Chapter 12. The COVID-19 Pandemic: Conceptual Framework for the Global Economic Impacts and Recovery; Md. Jafor Ali, Abul Bashar Bhuiyan, Norhayah Zulkifli, and M. Kabir Hassan

Chapter 13. COVID-19 Pandemic and Islamic Social Finance Products in Iran; Majid Pireh

Chapter 14. Islamic Finance Provides Better Solutions in Overcoming the Financial Distress Ascribable to COVID-19: Evidence from Malaysia; Mohd Johan Lee

Chapter 15. Stock Market Volatility Following Uncertainty of Covid-19 Outbreak; News Impact Curve Analysis Approach; Anwar Hasan Abdullah Othman, Razali Haron, and Salina Kassim