The Impact of the Covid-19 Pandemic on Islamic Finance and Environmental, Social, and Corporate Governance (ESG)

Call for papers for: Journal of Economic and Administrative Sciences

Guest Editors:

M. Kabir Hassan, University of New Orleans, USA
[email protected]

Irum Saba, Institute of Business Administration (IBA), Pakistan
[email protected]

Salman Ahmed Shaikh, SZABIST
[email protected]

The special issue of Journal of Economic and Administrative Sciences focuses on the impact of Covid-19 on Islamic Finance and ESG. Financial institutions, regulators and governments played significantly important role during this pandemic to protect SMEs, corporates, and consumers. Financial crises 2007-2008 showed that Islamic financial institutions (IFIs) are more resilient than the conventional financial institutions as IFIs are based on the concept of risk sharing hence can deal with the volatility and uncertainty in better manner. Islamic economic system includes Islamic banking, Islamic capital markets, Islamic insurance, Islamic mutual funds, Islamic microfinance, and Islamic social finance. Islamic social finance is based on waqf, zakat, sadqah, ushr and qard e hasna that are strong tools for alleviating poverty and brining economic growth in the society.

This special issue covers the theoretical and empirical research papers on the topics including but not limited to:

  • Monetary transmission mechanism in Islamic Finance
  • Fiscal policy and Islamic finance
  • Covid-19 and regulatory steps for saving financial industry
  • Role of Islamic microfinance institutions during Covid-19
  • Gender diversity, financial inclusion, and Islamic finance
  • Volatility and risk management of financial institutions during pandemic
  • Institution of waqf to promote stability and economic growth
  • Government efforts to protect financial instability due to Covid-19
  • Differences and similarities between Islamic finance and ESG
  • Use of Fintech to promote financial inclusion
  • Innovative products for Islamic financial institutions
  • SDGs, Islamic finance, and Covid-19
  • Corporate Governance and Maqasid al Shariah
  • Islamic Finance and ESG is form over substance or substance over form
  • Role of Shariah scholars, academicians, regulators, and governments to promote Islamic finance
  • Role of multilateral standard setting bodies during Covid-19
  • Issues and challenges of Islamic financial institutions
  • Changing leadership and change management in pre, during and post Covid-19 pandemic
  • Revival of institution of Waqf
  • Green Economy and Islamic finance
  • Missing links of Islamic economic system
  • Issues faced by Islamic insurance institutions
  • Utilizing Sukuk for Infrastructure development
  • Profitability of Islamic financial institutions during Covid-19.


Deadline and Submission Details

Submission Deadline: December 1, 2021

Intended Publication Date: Volume 38, Issue 3 (Q3 2022).

To submit your research, please visit the ScholarOne manuscript portal.

To view the author guidelines for this journal, please visit the journal's page.

Please make sure to select special issue on “Covid-19 and Islamic Finance”. 



Please contact the Lead Guest Editor: M. Kabir Hassan ([email protected])