Islamic Economic System – A way forward to address Poverty and achieve Sustainability A Case Study on Islamic Microfinance

With every tenth person on the planet living under extreme poverty and the Covid-19 pandemic has further exacerbated the situation due to the deteriorating economic conditions resulting in increased layoffs and joblessness. On the other hand the concentration of global wealth being continuously converged into the hands of few of the elitist segment due to the inherent impediments that the capitalistic economic model offers. Can this system sustain or it’s high time to find better alternates? This study is an attempt to find better economic approaches stemming from the higher ethical grounds and are more sustainable to tackle the menace of poverty and income inequalities targeting bottom of …