Islamic finance can supplement the financial response to the coronavirus in the UAE using ESG to manage risks and return economy to growth
This article is a chapter out 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 United Arab Emirates has avoided many of the direct impacts caused by the spread of the coronavirus, such as overwhelmed hospitals, seen in other countries through a focused and proactive response to containing the virus’ spread. According to data from the UAE Ministry of Health & Community Protection, there were 13,038 cases as of May 1 with 111 confirmed deaths.1 One of the most challenging elements of grappling with the outbreak of COVID-19 is understanding the true scope of infection.
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Blake Goud, Sayd Farook and Hanife Ymer