Islamic financial practices are an important research subject in the context of achieving Sustainable Development Goals (SDGs). This research investigates the contribution of Islamic financial practices to achieving the SDGs through a systematic analysis of related literature. Various Islamic financial practices, including the use of sharia financial contracts, implementation of zakat, infaq, and alms, as well as engagement in responsible social and environmental investments, are evaluated in the context of their impact on financial inclusion, economic empowerment, environmental protection, and overcoming social inequality. . The research results show that Islamic financial practices have great potential in supporting the achievement of SDGs. Policy implications and further research directions are also discussed.
{"title":"Islamic Economics and Sustainable Development Goals (SDGs): Bridging the Gap through Ethical Financial Practices","authors":"Hotman Hotman","doi":"10.62207/xfs4vv68","DOIUrl":"https://doi.org/10.62207/xfs4vv68","url":null,"abstract":"Islamic financial practices are an important research subject in the context of achieving Sustainable Development Goals (SDGs). This research investigates the contribution of Islamic financial practices to achieving the SDGs through a systematic analysis of related literature. Various Islamic financial practices, including the use of sharia financial contracts, implementation of zakat, infaq, and alms, as well as engagement in responsible social and environmental investments, are evaluated in the context of their impact on financial inclusion, economic empowerment, environmental protection, and overcoming social inequality. . The research results show that Islamic financial practices have great potential in supporting the achievement of SDGs. Policy implications and further research directions are also discussed.","PeriodicalId":518620,"journal":{"name":"Economics Studies and Banking Journal (DEMAND)","volume":"69 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140527565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Islamic social finance has an important role in inclusive and sustainable economic development. In this context, zakat, waqf, and sadaqah become important instruments that can be used to mobilize resources and support economic development initiatives. However, challenges such as lack of public awareness, preference for conventional financial institutions, and lack of supportive regulations still need to be overcome.
{"title":"Islamic Social Finance: Exploring Zakat, Waqf, and Sadaqah in Economic Development","authors":"Mukhid Mukhid","doi":"10.62207/jk7p6661","DOIUrl":"https://doi.org/10.62207/jk7p6661","url":null,"abstract":"Islamic social finance has an important role in inclusive and sustainable economic development. In this context, zakat, waqf, and sadaqah become important instruments that can be used to mobilize resources and support economic development initiatives. However, challenges such as lack of public awareness, preference for conventional financial institutions, and lack of supportive regulations still need to be overcome.","PeriodicalId":518620,"journal":{"name":"Economics Studies and Banking Journal (DEMAND)","volume":"17 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140528346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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