The Role of Islamic Finance in Sustainable Development.

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dc.contributor.authorSadiq, Ramla
dc.contributor.authorMushtaq, Afia
dc.date.accessioned2018-10-19T11:26:46Z
dc.date.available2018-10-19T11:26:46Z
dc.date.issued2015
dc.description.abstractThe current global inclination is to utilize non-renewable resources responsibly and create a world that future generations can thrive in. In order to achieve this aspiration countries all over the world agreed upon a set of sustainable development goals (SDGs). Sustainable development is a concept that incorporates meeting “the needs of the present without compromising the ability of future generations to meet their own needs”. This depends largely upon economic growth. Islamic finance has been highlighted in recent research regarding impact on financial sector due to its considerable growth. The purpose of this paper is to discuss the major perspectives in which Islamic Financial Institutions (IFIs) play a fundamental role in the achievement of sustainable development goals. The literature suggests five main aspects which are reviewed from the perspective of existing research.en_US
dc.identifier.citationSadiq, R., & Mushtaq, A. (2015). The Role of Islamic Finance in Sustainable Development. Journal of Islamic Thought and Civilization, 5(1). (Ramla Sadiq and Afia Mushtaq) (UMT Journal)en_US
dc.identifier.urihttps://escholar.umt.edu.pk/handle/123456789/3358
dc.language.isoenen_US
dc.publisherJournal of Islamic Thought and Civilization.en_US
dc.subjectFinanceen_US
dc.subjectDeveloping infrastructure, financial inclusion, financial stability, Islamic financial institutions, poverty alleviation, sustainable developmenten_US
dc.titleThe Role of Islamic Finance in Sustainable Development.en_US
dc.typeArticleen_US
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