S&P Global Ratings notes four Islamic finance social instruments can help core Islamic countries, banks, and corporations navigate the current situation arising out of Covid-19. These are Qard Hassan, social Sukuk, Waqf, and Zakat. In its article "Islamic Finance And ESG: Sharia-Compliant Instruments Can Put The S In ESG," S&P says that COVID-19 has significantly slowed core Islamic finance economies because of their governments' measures to combat the spread of ...