This chapter discusses the economic implications when instruments of Islamic social-public finance are practised, particularly from a contemporary perspective. As a crucial philanthropic movement, it has become a pillar of the third sector, or the public sector, by strengthening the position of civil society between two other forces, namely the government and private sector. This chapter also
... [Show full abstract] explains how Islamic social-public finance creates a balanced life between rich and poor, between men and women, and between young and old. This chapter also stresses the importance of innovation in social-public finance to find new breakthroughs and problem-solving solutions to the existing challenges and barriers. The chapter also presents the implications of social-public financial instruments from a conventional perspective as a comparison.