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ISF is potential tool for advancing economic justice in Malaysia — Ahmad Ibrahim

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ISF is potential tool for advancing economic justice in Malaysia — Ahmad Ibrahim

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The article discusses economic injustice in global trade, citing the US's unilateral tariff adjustments as an example. It highlights the role of Islamic Social Finance (ISF) mechanisms like zakat, waqf, and sadaqah in promoting economic equality and inclusive growth, particularly in Malaysia. While Malaysia has a strong Islamic finance ecosystem and has made progress in institutionalizing ISF, challenges like fragmented governance and underdevelopment of waqf land hinder its full potential.

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