Title

Agents of economic resilience and the role of Islamic approach towards financial inclusion during Covid-19: a case of Pakistan

Abstract/Description

Pakistan is facing issues of health financing and food crises due to increasing prices of goods and services. It is important to reduce the risk food insecurity, and economic vulnerability. The aim of this study is to explore the Vulnerability of society to pandemic shocks and resilience of Islamic country like Pakistan and also to explore and identify the agents of Economic resilience in Pakistan. This study additionally explored the role of Islamic approaches toward financial inclusion during pandemic This study is based on multiple data types and methods. The study has used primary as well as secondary qualitative and quantitative information to reach the conclusion. The study found that most of the people are vulnerable to such type of shocks, in terms of health, income and social fabrication. The study found that there are many agents of economic resilience in Pakistan, playing important role in increasing the support for small households and poor families. From the analysis of quantitative data sets, this study found that there has been a significant impact of interventions or agents of change/resilience in reducing the hunger risk, child deprivation and other vulnerabilities of societies. The study concluded that there are some formal and some informal service providers, which helps in improving the resilience of community through financial inclusion and temporary support system. The study ends up with an argument that Islamic approach towards financial dealing is more reliable and satisfactory for households and organization working for the welfare of the community.

Track

Accounting, Law, and Finance

Session Number/Theme

Session 1A: Islamic Finance

Session Chair

Dr. Irum Saba, Institute of Business Administration, Karachi

Session Discussant

Dr. Mohsin Zahid Khawaja; Dr. Mohsin Sadaqat; Madeeha Omer Lakhani; Nader Virk

Start Date/Time

23-6-2022 11:20 AM

End Date/Time

23-6-2022 11:40 AM

Location

Training Room 3, Marriott Hotel, Karachi

Comments

This is multidisciplinary and integrated research.

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Jun 23rd, 11:20 AM Jun 23rd, 11:40 AM

Agents of economic resilience and the role of Islamic approach towards financial inclusion during Covid-19: a case of Pakistan

Training Room 3, Marriott Hotel, Karachi

Pakistan is facing issues of health financing and food crises due to increasing prices of goods and services. It is important to reduce the risk food insecurity, and economic vulnerability. The aim of this study is to explore the Vulnerability of society to pandemic shocks and resilience of Islamic country like Pakistan and also to explore and identify the agents of Economic resilience in Pakistan. This study additionally explored the role of Islamic approaches toward financial inclusion during pandemic This study is based on multiple data types and methods. The study has used primary as well as secondary qualitative and quantitative information to reach the conclusion. The study found that most of the people are vulnerable to such type of shocks, in terms of health, income and social fabrication. The study found that there are many agents of economic resilience in Pakistan, playing important role in increasing the support for small households and poor families. From the analysis of quantitative data sets, this study found that there has been a significant impact of interventions or agents of change/resilience in reducing the hunger risk, child deprivation and other vulnerabilities of societies. The study concluded that there are some formal and some informal service providers, which helps in improving the resilience of community through financial inclusion and temporary support system. The study ends up with an argument that Islamic approach towards financial dealing is more reliable and satisfactory for households and organization working for the welfare of the community.