Islamic social finance: a tool for development and economic Inclusion

Mohd. Zain, Nor Razinah and Engku Ali, Engku Rabiah Adawiah (2019) Islamic social finance: a tool for development and economic Inclusion. In: Global Islamic Finance Report 2019. Cambridge Institute of Islamic Finance, London, United Kingdom, pp. 227-239.

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Abstract

The United Nations' Sustainable Development Goals (SDGs) are assertive statements of intent to achieve the long term well-being of people and planet. Beyond its religious foundation, Islamic social finance provides potential solutions in achieving SDGs. While, the seventeen (17) SDGs are interconnected to each other, the main focus can be found in the alleviation of poverty, democratic governance and peace building, mitigation of climate change and disaster risk, and balancing the economic inequality (UNDP, 2019). It is interesting to note that the SDGs are very much in line with the Shariah principles and its underlying philosophy better known as Maqasid Al-Shari'a. The role of Islamic social financing in connecting potential donors with humanitarian issues; effectively supports the SDGs if this sector is properly developed, managed and utilised with transparency, accountability, and efficiency.

Item Type:	Book Chapter
Additional Information:	8634/78390
Uncontrolled Keywords:	Islamic social finance, Waqf, sadaqah, zakat, economic inclusion
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HG Finance K Law > K720 Property Law K Law > K85 Legal research K Law > KBP Islamic Law K Law > KPG Malaysia
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Asst. Prof Nor Razinah Mohd. Zain
Date Deposited:	31 Mar 2020 16:29
Last Modified:	31 Mar 2020 16:29
URI:	http://irep.iium.edu.my/id/eprint/78390

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