American Economic & Social Review American, Economic, Social Review, American Economic Social Review Centre for Research on Islamic Banking & Finance and Business en-US American Economic & Social Review 2576-1269 THE ECONOMIC IMPACT BY COVID-19 PANDEMIC IN SOUTH ASIA: ISLAMIC ECONOMICAL TOOL BASED SHORT AND LONG TERM POLICY RESPONSES FOR SOUTH ASIAN MUSLIM COUNTRIES <p><em>The Covid-19 pandemic has direly smacked over 200 countries, threatening global economic growth that has adversely been peeved by the outbreak. It has patterned jeopardizes globally encompassing economic recession, probable high unemployment rate, mounting the poverty line and death of over 2.5 million people. Meanwhile, the second peak of the pandemic is infuriating many countries which may result in around 13% to 32% projected global trade downgrade. Alike, the South Asian economy is suffering from a dire hit of the pandemic and undergoing an atrocious economical mishap. It resulted in a potential decline in the economy than in a normal downturn which materialized different rebounds in habitual succession. Islam safeguards all necessities to authenticate people’s well-being. Protecting ‘life’ and ‘wealth’ from those necessities means securing the human being from natural and human-made shocks. Islam, therefore, represents a set of principles to exile the shocks like the Covid-19 pandemic. The paper aims to highlight the Islamic framework and policy responses using its financial tools to get rid of the pandemic crisis in South Asia, especially in the Muslim countries of the reign.</em></p> <p><strong>JEL Classification Codes: </strong>A10</p> Muhammad Mostofa Hossain Luqman Haji Abdullah ##submission.copyrightStatement## 2022-03-26 2022-03-26 9 1 1 8 10.46281/aesr.v9i1.1667 EFFORTS BY WOMEN TO BECOME FINANCIALLY INDEPENDENT THROUGH E-COMMERCE DURING COVID-19: A STUDY ON BANGLADESH PERSPECTIVE <p><em>This research investigates the efforts taken by the women for introducing themselves as financially independent through e-commerce from the perspective of Bangladesh. After the outbreak of COVID-19, women of Bangladesh suffered a lot in case of – loss of jobs, lower wages, lower educational support, lower access to information, and deterioration of mental health due to depression and anxiety. At this bad time, e-commerce has shown women a new way of survival and gained economic independence. This study is for evaluating how e-commerce becomes a strong tool for women's economic independence during the period of this pandemic. Though there are some obstacles, e-commerce is opening the door to women’s success. Bangladesh is a developing country where most people think that the only duty of women is cooking and looking after children but e-commerce is giving the opportunity to the women to work at home and become financially independent. The policy recommendations for encouraging women in e-commerce and mitigating their challenges could be helpful for The Government of the People’s Republic of Bangladesh in making this sector more profitable. </em></p> <p><strong>&nbsp;JEL Classification Codes: </strong>L81. &nbsp;&nbsp; </p> Afsana Mimi Md. Ali Imran Jasia Mustafa Tahrima Haque Beg Md. Sazidur Rahman ##submission.copyrightStatement## 2022-05-20 2022-05-20 9 1 9 16 10.46281/aesr.v9i1.1723 GOVERNMENTAL AND INSTITUTIONAL INITIATIVES AND ACTIONS FOR THE ATTRACTION AND EXPANSION OF E-COMMERCE BY WOMEN IN BANGLADESH <p style="text-align: justify;"><em>This research investigates the initiatives and actions taken by the Government of Bangladesh and institutions to attract women into e-commerce and introduce these women as financially independent. The existence and power of women in Bangladesh are very weak, and this is due to dependency, lack of education, and skills. To remove these obstacles and empower women through e-commerce, the Government and different institutions are taking various initiatives and actions as they can contribute to the development of Bangladesh. This study evaluates how Government and other institutions are working to introduce e-commerce as a strong tool for women's economic independence in Bangladesh. The Government is taking action to provide direct funds, introducing simple policies, tax exemptions, easy business space, transportation assistance, and many other ways. Different organizations are also working to assist the Government of Bangladesh in empowering women through e-commerce. The policy recommendations could be helpful for The Government of the People's Republic of Bangladesh to mitigate its challenges and make this sector more profitable. </em></p> Afsana Mimi Md. Ali Imran Tahrima Haque Beg Md. Sazidur Rahman ##submission.copyrightStatement## 2022-05-27 2022-05-27 9 1 17 28 10.46281/aesr.v9i1.1733