Guest editorial: Special issue on Covid-19 pandemic crisis and Islamic finance

ABSTRACT

[...]they find that fiscal stimulus to be helpful to reduce volatility in the bond market but ineffective the stock market volatility. Subekti and Rosadi study Shariah-compliant portfolio modelling (Black–Litterman) and perform a study on the Indonesian stock market. 2.2 Covid-19 and Islamic social finance The papers also share recent developments of zakat, infaq, waqf, sustainable and responsible investment (SRI) Sukuk, and other forms of Islamic social finance instruments. Ascarya reveals that Islamic social finance instruments (i.e. zakat, infaq and waqf) could lead to economic recovery post-pandemic with proposed solutions such as medical assistance using zakat-infaq, health-care waqf, a social safety net, and a graduation program using zakat-infaq.