Ihtiyath : Jurnal Manajemen Keuangan Syariah
Vol. 10 No. 1 (2026): Ihtiyath : Jurnal Manajemen Keuangan Syariah

Islamic Finance and Sustainable Economic Growth: A Systematic Review and Future Research Directions

Haryani Santo Hartono (UNIVERSITAS ISLAM INTERNASIONAL INDONESIA)



Article Info

Publish Date
14 Oct 2026

Abstract

This paper conducts a systematic literature review (SLR) in an effort to understand the connection that exists between Islamic finance and the Sustainable Development Goals (SDGs). A total of 85 publications were searched in Scopus database (2021-2025) with the aid of PRISMA and synthesized according to the themes with references to Maqasid al-Shariah and UN SDGs. According to the findings, Islamic finance helps in enhancing a sustainable economic growth in a number of instruments that include zakat, waqf, sukuk, Islamic fintech, and green finance programs. The most important themes identified are human development, financial inclusion, ESG integration, green projects, policy reforms, and crisis resilience. The review finds that while the conceptual alignment between Islamic finance and sustainability is strong, empirical tools for measuring these outcomes remain underdeveloped. The review substantiates a close correspondence between the principles of Islamic finance and sustainability goals, and it highlights the possible role of Shariah compliant systems to respond to poverty reduction, environmental care and ethical management. Nonetheless, there are some weaknesses such as overdependence on a single database, dependency on keywords and bias in time. Further studies are needed in terms of multidisciplinary methods, policy impact, and the development of impact measurement instruments to strengthen the strategic role of Islamic finance in SDGs accomplishment, especially in the emergent spheres of green sukuk, circular economy, and digital inclusion.

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Journal Info

Abbrev

ihtiyath

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

Description

Ihtiyath : Jurnal Manajemen Keuangan Syariah was published by the Faculty of Economics and Islamic Business IAIN Langsa which aims to disseminate research results and ideas of academics and practitioners in the field of Islamic finance management. The topics in Ihtiyath Journal include sharia ...