Achieving the Sustainable Development Goals: the role of Islamic social finance towards realizing financial inclusion in the unprecedented Covid-19

• Main Authors: Mahadi, Nur Farhah, Mohd. Zain, Nor Razinah, Ahmad, Shamsuddeen Muhammad
• Format: Book Chapter
• Language: English; English
• Published: IGI Global 2021
• Subjects: HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/87389/2/87389_Achieving%20the%20Sustainable.pdf; http://irep.iium.edu.my/87389/9/87389_Achieving%20the%20Sustainable.supp.pdf; http://irep.iium.edu.my/87389/; https://www.igi-global.com/book/handbook-research-islamic-social-finance/257762
• Institution: Universiti Islam Antarabangsa Malaysia

The purpose of this study is to explore the role of Islamic social finance towards realising financial inclusion in achieving the Sustainable Development Goals (SDGs) in the 2030 agenda for SDGs, as propagated by United Nations Member States in 2015. A critical analysis is made to explain the possible contribution of Islamic social finance in achieving financial inclusion which is aligned with SDGs that brings balanced to the physical, emotional, mental and spiritual of the community in supporting overall economic growth which finally combats the economic impact of the COVID-19 pandemic. The results may also motivate the financial industries to promote Islamic social finance products and corporate social responsibilities as well as enhance the development of ISF towards achieving financial inclusion in fulfilling SDGs which is seen as being parallel with Maqᾱṣid al-Sharῑ῾ah especially in resolving unpredictable economic issuesand hiccups during COVID-19.