Special Issue - Expanding Financial Environment for Refugees and Immigrants: Islamic Finance in Action

This special issue of Global Policy brings together a collection of scholarly works that explore Islamic finance's potential to promote financial inclusion and empowerment among refugees and immigrant communities. The papers unpick the synergies between Islamic finance and entrepreneurship by focusing on marginalised groups, such as Muslim refugees and immigrant entrepreneurs. The research aims to bring substantive Islamic morality back into Islamic finance institutions and their operations, and contribute to the broader debates on refugees and immigrants' emancipation.

Special Issue Articles

Overcoming the Invisible Ceiling for the Empowerment of Refugees and Immigrants Through Islamic Finance - Mehmet Asutay, Alija Avdukic and Sarah A. Tobin

Islamic Moral Economy: Bringing Back Substantive Morality to Humanise Islamic Finance - Mehmet Asutay

Aligning Sustainable Finance and Fintech to Promote an Integrated Approach to Refugee Finance - Dalal Aassouli, Atieh Hajian, Mehmet Asutay and Rajai Ray Jureidini

On the Design of Islamic Blended Microfinancing for Refugee Entrepreneurship: An Institutional Logic Perspective - Wahyu Jatmiko, A. Azizonand Raditya Sukmana

A Qard Hassan (Benevolent Loan) Crowdfunding Model for Refugee Finance - Rashedul Hasan, M. Kabir Hassan and Mohammad Dulal Miah

Islamic Instruments for Refugee Financing: The IsDB and UNHCR Collaborative Approach - Altea Pericoli

Financial Exclusion, Soft Segregation and Moral Constraints as Drivers of Entrepreneurial Activities in Scottish Muslim Immigrants - Alija Avdukic and Fawad Khaleel

Clashing Moral Economies Among Norway's Muslim Entrepreneurs - Mari Norbakk

What Alternative Do I Have?: Syrian Immigrant Entrepreneurs and Interest-Based Financing in Norway - Sarah A. Tobin

The authors are grateful for the funding for this publication provided by the ‘New Scots Integration Delivery Research Project’ at the Al-Maktoum College of Higher Education, Dundee, Scotland, funded by the Scottish Government and the EU Asylum, Migration and Integration Fund (the European Union), to the ‘Invisible Ceiling Project’ at the CMI Bergen, Norway, funded by the Norwegian Research Council and also to Durham Centre for Islamic Economics and Finance at Durham University Business School for their academic support.