Journal of Islamic Monetary Economics and Finance
Vol 8 No 2 (2022)

RELIGIOUS RESPONSES TO SUSTAINABLE DEVELOPMENT GOALS: AN ISLAMIC PERSPECTIVE

Foyasal Khan (MOMODa Foundation, Bangladesh)
Mohamed Aslam Haneef (International Islamic University Malaysia, Malaysia)



Article Info

Publish Date
31 May 2022

Abstract

This paper investigates the role of religion in Sustainable Development (SD) and offers an Islamic perspective to Sustainable Development Goals (SDGs). Applying a multidimensional approach to development, this paper presents 17 SDGs into the six dimensions —i.e.,Social, Human Capital, Economic, Sustainable Lifestyle, Environmental, and Institutional. From the discusions of the dimensions from Islamic perspective, some key findings are: Islam lays emphasis on human capital development (SDG 3 and 4) which is a key element in accelerating economic Growth (SDG-8). Islam also offers a wide range of social financial tools such as Zakat, waqf that can be used to address SDG 1 (poverty), 2 (hunger), 5 (gender eqaulity), and 10 (reducing inequality). Islamic finance offers a number of tools for long-term financing such as sukuk that can masterfully be used for building sustainable infrastructure (SDG-9) and sustainable cities (SDG-11). This study also reviews some Islamic principles from the Holy Qur'an that can positively promote several SDGs. Wasatiyyah (Moderation) principle can be used for sustainable consumption and production (SDG-12), Khalifah ( God’s vicegerent on Earth) for utilizing Water and sanitation (SDG-6) and energy (SDG-7). Maslahah ( public interest) for dealing with natural resources; Salam (peace), ‘Adl wa al-Ihsan (justice and benevolence) for SDG-16 (peace, justice and strong institutions) and Ta‘āwanū ‘alal-Birri (cooperation one another in goodness) for SDG-17 (partnerships for the goals).

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Journal Info

Abbrev

JIMF

Publisher

Subject

Economics, Econometrics & Finance

Description

JIMF is an international peer-reviewed and scientific journal which is published quarterly by Bank Indonesia Institute. JIMF is a type of scientific journal (e-journal) in Islamic economics, monetary, and finance. By involving a large research communiy in an innovative public peer-review process, ...