Achieving sustainable development goals through microfinance in four selected countries: issues and challenges

Abdul Razak, Dzuljastri and Dawami, Qosdan and Elmi, Mohamed Abdi (2021) Achieving sustainable development goals through microfinance in four selected countries: issues and challenges. Journal of Islamic Management Studies, 3 (1). pp. 1-15. ISSN 2600-7126

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Abstract

Sustainable Development Goals (SDGs) are the blueprint adopted by all United Nations Member States in 2015 to achieve a better and more sustainable future for all by 2030. They address the current global challenges of alleviating poverty, protecting the planet and ensuring that all people enjoy peace and prosperity. The 17 Goals are all integrated and interconnected urgent actions in global development that balance social, economic and environmental sustainability. Three of them are directly related to microfinance principles, including ending poverty, decent work & economic growth and reduced inequalities. The purpose of this paper is to investigate how these three goals can be achieved in the practices of microfinance in four countries, namely Bangladesh, Malaysia, Indonesia and Pakistan. This study was library research with qualitative approach that employed content analysis in evaluating the types of financing products. The results will assist us in understanding the similarity and differences in achieving the SDGs and their significance. In addition, recommendations and suggestions are highlighted at the end of the paper to provide the solutions to the current issues faced by microfinance.

Item Type:	Article (Journal)
Uncontrolled Keywords:	SDGs, microfinance, poverty, economic growth, reduced inequalities, decent
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	19 Apr 2021 15:50
Last Modified:	19 Nov 2021 12:17
URI:	http://irep.iium.edu.my/id/eprint/89401

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