Abstract:

Islamic Banking and Finance is claimed to have drowned in the wave of the market economy operating through Western material and secular values without the pre-approvision preparation for the social, ethical and moral contents of Islamic Finance. This is probably what is going on today in the corporate sector in the work of Islamic Banking and Finance consciously or unconsciously. In this study, an example event study will study the concept of triangular sector banking in Bangladesh (principally based on the market economy, official corporate banking, informal banking, which deals with micro-credit for the purpose of strengthening the family, and voluntary sector banking, which for the first time in history issued the monetary foundation certificate designed as a creative financial instrument). Our study emphasizes the need to re-definit the role of Islamic Corporate Finance, to re-discover the roles of non-formal and voluntary sector financing, and claims that all Islamic financing types should be re-designed in an internal commitment where economic, social and ethical preferences are revealed at operational levels. This will allow the Islamic production and consumption functions to be re-formulated. In addition, a global monetary foundation fund is needed to establish the World Social Bank (World Social Bank) as a new non-profit micro-credit strategy for the poor. In this context, the monetary foundation certificate is a clear manifestation of the social, ethical and moral dimensions of Islamic Banking and Finance. Key Concepts: Islamic Banking, Islamic Finance, Monetary Foundations, World Social Bank