Majapahit Journal of Islamic Finance dan Management
Vol. 4 No. 2 (2024): Islamic Finance and Management

Sustainable Development and The Role of Islamic and Social Banks

Abdulghani, Naser Ali (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

Islamic banking is a financial system that is based on Islamic law (Sharia) and is influenced by Islamic economics. The Islamic financial system is supported by four primary pillars: the Islamic banking system, the Islamic money market, Islamic insurance (takaful), and the Islamic capital market. These systems provide alternative funding sources. Conversely, social banks are established to utilize financial services to generate a positive impact on society and the environment. Consequently, consumers perceive Islamic banks, depositors, and the broader community as having both economic and social responsibilities. The fundamental principles of the United Nations Sustainable Development Goals (SDGs) are eradicating poverty and promoting sustainable development. The parallels between Islamic and social institutions will be the focus of this investigation. The significance of the two institutions in advancing the United Nations Sustainable Development Goals (SDGs) will be underscored in this research.

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Journal Info

Abbrev

majapahit

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Majapahit Journal of Islamic Finance and Management (MJIFM) (E-ISSN 2798-0170) is a journal published by Universitas KH. Abdul Chalim Mojokerto Indonesia four times a year (March, June, September and December). As the name implies, the journal brings two major themes, namely Islamic Finance and ...