Ecosystem in Islamic Finance and Its Link with SDGs

Abstract

SDGs are ambitious and require all encompassing efforts and involvement of all sorts of institutions. It is especially crucial for countries that are much behind the targets and need
considerable effort and resources to pull themselves up to meet the targets. However, some countries have different values, institutions and system. Countries, such as Brunei, Malaysia, Indonesia and Singapore have additional Islamic economic institutions (such as waqf, zakat, sadaqah). These institutions which have a socio-economic character can also be employed in creating synergistic efforts towards achieving the sustainable development goals.