ABSTRACT
The Outbreak of Covid-19 pandemic has proved to be destructive at economic, social, and ecological ends across the globe. It has disrupted human life in an extremely adverse way. The pandemic aftermath is yet to be completely realised, yet the scale of economic, social, and ecological damage is unfathomable. The situation has elevated the responsibility on entrepreneurial ground to bring in solutions at the affected fronts and work towards sustainability. It is high time to realize the significance of sustainable entrepreneurship at the time when pandemic consequences are severe and still unfolding which will show in the times to come. Though the disruption caused by the pandemic is huge on everyone and everything, the study reveals that sustainable entrepreneurship has comparatively less effect of adversities of COVID-19 than the normal business. This study presents the need and significance of sustainable entrepreneurship to address the damages caused by COVID-19 pandemic. © 2021 IEEE.
ABSTRACT
The novel corona virus (COVID-19) is a phenomenon with the aftereffects of this pandemic can be felt in the next few years to come. Economic consequences of the pandemic are huge on the Islamic finance industry, it is also evident from the slow growth forecast by the various agencies for the industry. In this paper, we consider this pandemic as an opportunity for the Islamic finance industry to grow and prove its worth again after the global financial crisis of 2008 and emerge as a major contender to the conventional financial system. We develop a model which reveals that COVID-19 is an opportunity with more integrated and transformative growth with high level of standardization, with key focus of the industry on the social cause and tactical adoption of Financial technology. The paper has an implication to the Islamic finance and banking industry as it provides a framework for the future researchers and practitioners to understand and adopt Islamic finance in the post COVID-19 era. © 2020 IEEE.