The whole world is fighting with COVID-19 which has a huge impact on world economy. it will be the duty of every individual to contribute for the revival of the economy for the survival of the man kind. It will effect badly on daily wage workers, small and medium industries, farmers due to migrant labours.
What should be an individuals contribution for the revival. Please suggest.
To encourage discussion of the economic impact generated by the SARS-CoV-2 virus, and the control measures taken at the international level, we invite you to read the following article.
Economy or Health, Constant Dilemma in Times of Pandemic: The Case of Coronavirus Disease 2019 (COVID-19). Journal of Pure and Applied Microbiology, 2020. DOI: 10.22207/JPAM.14.SPL1.07
Article Economy or Health, Constant Dilemma in Times of Pandemic: Th...
Paul: I think an individual can help the economy buy supporting local and domestic businesses. When you shop, make a conscious effort to buy goods and services from local businesses and domestic companies.
Everybody should behave responsible. Isolation is the first need - not to stay in bigger groups. Sometimes it is necessary, e.g. at work. But there is no need to spend time on beaches, crowded streets and shopping malls etc. If we reduce the number of infected people, it will have the greates contribution to the whole situation.
In the context of Malaysia, each individual plays a vital role to handle this crisis. For example, Bank Islam's depositors donate through their deposit account to the "Sadaqah House" program under Bank Islam Malaysia. Bank Islam is appointed as the legal crowdfunding agent to initiate the donation and distribute to the poor and needy.
By doing this, Bank Islam can assure the depositors that their donation has adequately been reached to the poor and needy.
For more information, please refer to my transcription of the interview session with the CEO of Bank Islam in English version : Technical Report SOCIAL FINANCE TALK SHOW TRANSCRIPTION Islamic Social Financ...
The interview was carried out in the in handling through their deposit accountdonationsalay language, to find a Malay transcription, please refer to Technical Report TRANSKRIP BUAL BICARA KEWANGAN SOSIAL ISLAM Kewangan Sosial ...