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 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.