Integrated Islamic Social and Commercial Finance to Achieve SDGs

Ascarya () and Ugi Suharto
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Ascarya: Institut Agama Islam Tazkia
Ugi Suharto: University of Buraimi

Chapter Chapter 6 in Islamic Wealth and the SDGs, 2021, pp 105-127 from Springer

Abstract: Abstract The concept and practice of Islamic economics and finance cover both the commercial and social aspects (such as zakat, infaq, waqf, and microfinance), and the two are not dichotomized. Moreover, the integration of the social and commercial finances is capable not only of improving socioeconomic well-being, reducing poverty, and enhancing holistic financial inclusion, but also of improving the stability of the financial system. This study is therefore an attempt to fill the gap in deriving ideas and concepts related to the integration of Islamic commercial and social finance that is compatible with the Islamic Financial Institutions’ structural environment along with the prevailing laws and regulations.

Keywords: Commercial; Finance; SDGs; Integration; Islamic; Social (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65313-2_6

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DOI: 10.1007/978-3-030-65313-2_6

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