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Integrated Islamic Social and Commercial Finance to Achieve SDGs

In: Islamic Wealth and the SDGs

Author

Listed:
  • Ascarya

    (Institut Agama Islam Tazkia)

  • Ugi Suharto

    (University of Buraimi)

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.

Suggested Citation

  • Ascarya & Ugi Suharto, 2021. "Integrated Islamic Social and Commercial Finance to Achieve SDGs," Springer Books, in: Mohd Ma'Sum Billah (ed.), Islamic Wealth and the SDGs, chapter 0, pages 105-127, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65313-2_6
    DOI: 10.1007/978-3-030-65313-2_6
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    References listed on IDEAS

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    1. García, Valeriano F. & Cibils, Vicente Fretes & Maino, Rodolfo, 2004. "Remedy For Banking Crises: What Chicago And Islam Have In Common," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 11, pages 2-22.
    2. Mirakhor, Abbas & Krichene, Noureddine, 2009. "The Recent Crisis: Lessons for Islamic Finance," MPRA Paper 56022, University Library of Munich, Germany.
    3. Mohamed Ali Trabelsi, 2011. "The impact of the financial crisis on the global economy: can the Islamic financial system help?," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 12(1), pages 15-25, January.
    4. Mohamed Ali Trabelsi, 2011. "The impact of the financial crisis on the global economy: can the Islamic financial system help?," Journal of Risk Finance, Emerald Group Publishing, vol. 12(1), pages 15-25, January.
    5. Mohammed Najatullah Siddiqi, 2009. "Current Financial Crisis and Islamic Economics الأزمة المالية الحالية والاقتصاد الإسلامي," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Issues in the International Financial Crisis from an Islamic Perspective-05 قضايا في الأزمة المالية العالمية من منظور إسلامي - 5, edition 1, chapter 1, pages 1-9, King Abdulaziz University, Islamic Economics Institute..
    6. Stijn Claessens, 2010. "The Financial Crisis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 4(2), pages 177-196, May.
    7. Mr. Stijn Claessens & Mr. Luc Laeven & Ms. Deniz O Igan & Mr. Giovanni Dell'Ariccia, 2010. "Lessons and Policy Implications from the Global Financial Crisis," IMF Working Papers 2010/044, International Monetary Fund.
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    Cited by:

    1. Ascarya Ascarya & Ugi Suharto & Jardine A. Husman, 2022. "Proposed model of integrated Islamic commercial and social finance for Islamic bank in Indonesia," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 115-138, March.

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