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How Islamic Social Finance Contribute to the Sustainable Development Goals: An Impactful Story of Al-Khidmat Foundation Pakistan

In: Islamic Wealth and the SDGs

Author

Listed:
  • Suhail Ahmad

    (Sarhad University of Science and Information Technology)

Abstract

The world is a global village and connected in one way or the other with different countries, economies, and socio-cultural traits are exchanged among each other. The United Nations agenda 2030 of Sustainable Development Goals (SDGs) is the key themes for the socioeconomic development of the globe and different regions across the universe. Irrespective of countries and economy status UN directed each and every country to work for the betterment of not only for humanity but also care and work for the ecology, climate change, biodiversity, and for all universe having different specious. The developed and developing countries impart their part in the attainment and ramping toward the SDGs up to their maximum level. For the sack of attainment and work for the community there are numbers of institutions and individuals active for this cause in the various regions across the globe irrespective of their religions, cultural, geographical boundaries, ethnicity, age, gender, and so on. Pakistan is a developing country and tries their level best to fully achieve the 17 SDGs of the United Nations. There are different philanthropic activities undertaken by organizations, individuals, and institutions level in the country and which result is very good in terms of not only socioeconomic development but other aspect of the society in a good and satisfactory way. Thus, Al-khidmat foundation is one of the top and prominent organization which working for the socioeconomic development of Pakistan. The organization using the Islamic social finance model of philanthropic activities in the different regions of the country and a promising result entail to the society and leading the country toward pace of SDGs. Islamic social and ethical finance model includes the Zakah, Sadaqah, Awqaf, and other charities (Sadaqah-Ul Fiture in Eid Ul Fitre) and many other volunteer charitable activities of the rich people of the community collected by the foundation and spent on the development and welfare of the society across the country irrespective of any inequality, and the prime purpose is to attain the community development and improve the socioeconomic conditions of the individuals specifically and generally of the whole country.

Suggested Citation

  • Suhail Ahmad, 2021. "How Islamic Social Finance Contribute to the Sustainable Development Goals: An Impactful Story of Al-Khidmat Foundation Pakistan," Springer Books, in: Mohd Ma'Sum Billah (ed.), Islamic Wealth and the SDGs, chapter 0, pages 197-216, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65313-2_10
    DOI: 10.1007/978-3-030-65313-2_10
    as

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