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Social impact sukuk for migrants: an innovative solution

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dc.contributor.authorMohsin Ali
dc.contributor.authorHasanul Banna Oravampurath
dc.contributor.authorZiyaad Mahomed
dc.date.accessioned2020-05-12T14:46:09Z
dc.date.available2020-05-12T14:46:09Z
dc.date.issued2020
dc.description.abstractThis chapter examines the economic impact of the migrants' return to Kerala, India during the Gulf oil crisis 2014-2016. Many migrants returned to their homeland during the crisis because they could not find work in the Middle East. The Kerala economy confronted this as one of the biggest threats which directly affected the economy. Almost USD 900 million had been brought to the homeland as remittance from Non-Residential Keralites (NRKs) working in Gulf countries. But the return of a large number of NRKs decreased the remittances to 10-15%. This chapter proposes Social Impact Sukuk to support the migrants who are back to their homelands from GCC countries. Data and information are collected from primary and secondary sources. This study provides policy implications for Kerala state government to examine the impact of returning NRKs issue and a feasible solution for their immediate rehabilitation.en_US
dc.identifier.citationAli, Mohsin and Oravampurath, Hasanul Banna and Ziyaad, Mahomed. (2020). Social impact sukuk for migrants: an innovative solution. In Abdul Rafay (Ed.), Handbook of research on theory and practice of global Islamic finance (pp. 752-769). Cham, Switzerland: IGI Global.en_US
dc.identifier.isbn9781799802181
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3218
dc.languageEnglish
dc.language.isoengen_US
dc.publisherIGI Globalen_US
dc.rights2020. IGI Global
dc.sourceSEDONA
dc.subjectEconomic impacten_US
dc.subjectMigrantsen_US
dc.subjectSocial impact sukuken_US
dc.subjectKerala, Indiaen_US
dc.titleSocial impact sukuk for migrants: an innovative solutionen_US
dc.typeChapter in Booken_US
dlc.maintopicIslamic capital markets
dlc.subtopicSukuk
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseFull text not available from this repositoryen_US
ikr.topic.maintopicIslamic capital marketsen_US
ikr.topic.subtopicIslamic capital marketsen_US
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relation.isAuthorOfPublication4f8b920e-6954-48c5-aa66-888d6fa99924
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relation.isAuthorOfPublication.latestForDiscovery4f8b920e-6954-48c5-aa66-888d6fa99924
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