INNOVATIONS IN ISLAMIC SOCIAL FINANCE FOR ADDRESSING GLOBAL HUMANITARIAN CRISES: A LITERATURE REVIEW

Abstract

This study examines the role of Islamic social finance in addressing global humanitarian crises through a systematic literature review. Instruments such as zakat, waqf, and sadaqah have proven effective in alleviating poverty and promoting social equity. Technological advancements, including digital platforms and blockchain, have enhanced their efficiency, transparency, and accessibility in crisis response. Islamic social finance significantly contributes to immediate relief and long-term resilience by supporting infrastructure development and economic empowerment. However, challenges such as technological gaps, regulatory inconsistencies, and limited public awareness hinder its broader implementation. The study highlights opportunities for leveraging emerging technologies and fostering cross-sector collaboration. These findings offer insights and recommendations for enhancing the impact of Islamic social finance on global humanitarian challenges.