Islamic finance can deepen financial inclusion not only because it delivers Shari-ah-compliant products for the Muslim communities but also because its very essence is based on the principles of social justice and equality. Islamic finance products are specifically created to support the needs and protect the rights of the poor and underserved. Islamic finance and financial inclusion, therefore, share a common end-goal.
As you may know, in Islamic finance, products such as sadaqah, waqf, and qard are called social solidarity instruments because they are designed to uplift the plight of the less privileged through the wealth of those who have more in life.