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Strengthening the financial intermediary role of Islamic banks through sustainable development goals

Mohd. Zain, Nor Razinah and Hassan, Rusni and Salman, Syed Ahmad (2019) Strengthening the financial intermediary role of Islamic banks through sustainable development goals. In: 33rd IBIMA Conference 2019, 10th-11th April 2019, Granada, Spain. (Unpublished)

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Abstract

Islamic banks have developed into a competitive type of intermediation with quite a few well-known conventional players currently entering the Islamic finance industry, ensuing in additional diverse Islamic financial institutions with a wide variety of product range. This research stands with two main objectives that look into (i) the relevancy of Sustainable Development Goals (SDGs) in Islamic financial services industry (IFSI), with a special focus on the financial intermediary roles of Islamic banks, and (ii) the positive impacts of Sustainable Development Goals (SDGs) in expanding the financial intermediary roles of Islamic banks. After the discussion on the United Nations’ SDGs, the financial intermediary role of Islamic banks is discussed. The researchers found that the SDGs in Islamic banks are closely related to their faith-based principles that closely related to prohibition of interest, excessive ambiguity, and gambling. It is recommended for Islamic banks to implement SDGs in their policies and to make transparent reports on their activities.

Item Type: Conference or Workshop Item (Plenary Papers)
Additional Information: 8634/71497
Uncontrolled Keywords: Financial Intermediary, Sustainable Development Goals, United Nations, Islamic Banks.
Subjects: H Social Sciences > HF Commerce > HF5001 Business. Business Administration
H Social Sciences > HG Finance > HG1501 Banking
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
K Law > K Law (General)
Kulliyyahs/Centres/Divisions/Institutes: Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Asst. Prof Nor Razinah Mohd. Zain
Date Deposited: 08 Apr 2019 09:22
Last Modified: 08 Apr 2019 09:22
URI: http://irep.iium.edu.my/id/eprint/71497

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