Indonesian Journal of Sustainability Accounting and Management
Vol. 5 No. 1 (2021): June 2021

Sustainable Development Goals and Islamic Finance: An Integrated Approach for Islamic Financial Institutions

Siti Nurain Muhmad (Universiti Malaysia Terengganu, Faculty of Business, Economics and Social Development, Kuala Nerus, Malaysia)
Rusnah Muhamad (Universiti Malaya, Department of Accountancy, Faculty of Business and Accountancy, Kuala Lumpur, Malaysia)
Farizah Sulong (Universiti Malaysia Terengganu, Faculty of Business, Economics and Social Development, Kuala Nerus, Malaysia)



Article Info

Publish Date
30 Jun 2021

Abstract

The challenges posed by environmental degradation and abandoning of social rights to secure business interests have highlighted the importance of focusing on sustainable development within the global financial system, especially among citizens and policymakers. The timely declaration of the Sustainable Development Goals (SDGs) by the United Nations is appropriate in addressing environmental degradation. In fact, the SDGs have become part of the fundamental agenda and essential requirements of every business, including Islamic financial institutions. In particular, the concept of sustainable development is parallel with Islamic teachings, which promote welfare, security, and rights for the sake of the current and future generations. Furthermore, Islamic finance and the SDGs are closely associated, as the former is capable of serving a meaningful function in sustainable development to achieve the goals of implementing fair and equitable tools, promoting resource mobilization, and enabling social benefit tools. Therefore, this study highlights an important case for Islamic financial institutions by expounding on the best indicators for sustainable Islamic finance.

Copyrights © 2021






Journal Info

Abbrev

ijsam

Publisher

Subject

Description

Indonesian Journal of Sustainability Accounting and Management (IJSAM) is a peer-reviewed journal publishing high-quality, original research and published biannually (June and December) by Universitas Pasundan, Indonesia. IJSAM emphasizes the linkages between these environmental issues and social ...