KRI Brown Bag Seminar #1 'Islamic Finance: New Tools for Innovation with Social Impact'

This year's first KRI Brown Bag Seminar was held on Wednesday, 15 February 2017. The session entitled 'Islamic Finance: New Tools for Innovations with Social Impact' was presented by guest speaker, Prof. Dr. Saadiah Mohamad.

Professor Dr. Saadiah Mohamad discussed the developments in social finance and provided a case for structuring Shariah-compliant products with social impact.

Her presentation acknowledged the claim among critics that there is an inherent weakness in the present-day Islamic banking and finance industry in terms of its underdeveloped social sector. She thus explored a framework for a socially responsible investment sukuk and social impact bonds (SIB) in the social finance space, and came up with recommendations for structuring a Shariah-compliant SIB or social sukuk.

Professor Dr. Saadiah’s arguments are based on her latest journal publication “A Case for an Islamic Social Impact Bond”, under the ACRN Oxford Journal of Finance and Risk Perspectives.

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