Islamic Finance System as a Catalyst for Sustainability in the Economy

Muhammet Yurtseven (), Kamola Bayram () and Tawfik Azrak ()
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Muhammet Yurtseven: Süleyman Demirel University
Kamola Bayram: KTO Karatay University
Tawfik Azrak: Social Sciences University of Ankara

Chapter Chapter 12 in Islamic Finance and Sustainable Development, 2021, pp 285-303 from Springer

Abstract: Abstract “Sustainable Development” is a development model that can meet the needs of today's generations without sacrificing its ability to meet the needs of future generations. It has taken its place in the world’s agenda toward the end of the twentieth century and int became a worldwide implementation plan with the international agreements signed in the 1990s. Today, the most serious problems faced by people are income injustice and increase in poverty. During the rapid change process that began in the 1980s, the problem of income distribution was no longer perceived as an ordinary economic problem, but as a political and social problem. Economic and social policies implemented since the 1950s have not been able to solve the problems and have made many problems more apparent. In short, in today's world, an unbalanced structure has emerged, where financial prosperity is increasing and social welfare is gradually diminishing.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76016-8_12

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DOI: 10.1007/978-3-030-76016-8_12

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