COVID-19 and its impacts on the Islamic financial industry in the OIC countries
This article is the opening chapter of 13 chapters of the e-book, "Impacts of the COVID-19 outbreak on Islamic finance in the OIC countries" that is available as a pdf download from HERE. Read the article in the e-book for the complete set of tables, charts and references.
The novel coronavirus COVID-19 was first reported on December 31, 2019 in Wuhan, China, a city with a population of over 11 million. The virus went on to spread to nearly every country in the world. As of May 1, 2020, the disease infected at least 3,175,207 people with fatalities of more than 224,172 globally, according to the World Health Organization (WHO). This global pandemic has already had a dramatic impact on global economic activities. This introductory chapter is an attempt to examine the impact of COVID-19 on the Islamic financial industry particularly among the Organization of Islamic Cooperation (OIC) countries.
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Sutan Emir Hidayat, Mohammad Omar Farooq, Atiqoh Nasution, Citra Atrina Sari