THE COVID-19 CRISIS AND ISLAMIC FINANCE

The Covid-19 pandemic and associated lockdown have adversely affected the global economic activities. Given the global impact of the crisis, H.E. Dr. Bandar Hajjar, Chairman of the Islamic Development Bank (IsDB) Group, constituted a Working Group to study the impact of the pandemic on the Islamic finance industry. The Working Group, formed on 21 Sha’ban 1441H (14 April 2020), worked tirelessly to produce a document as informative and as relevant as possible. Given the high uncertainty surrounding the Covid-19 crisis, the current document is presented as a Discussion Draft of the desired report.