Open AccessComplementary or Substitute: Sharia Financing, Green Financing, and Sustainable Development Goals?
Author(s) -
Suwinto Johan
Publication year - 2022
Publication title -
international journal of sustainable development and planning
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.29
H-Index - 15
eISSN - 1743-761X
pISSN - 1743-7601
DOI - 10.18280/ijsdp.170213
Subject(s) - finance , sustainable development , business , sharia , order (exchange) , normative , islam , philosophy , theology , political science , law , epistemology
This study aims to establish a link between Sharia financing, the Sustainable Development Goals (SDG), and green financing. The relationship will be capable of resolving human challenges in the future. This study uses the qualitative normative descriptive. Both sharia and green finance contribute to the achievement of the SDGs. Sharia and green financing both contribute to increased welfare. The purpose of this research is to examine the development of shariah financing and the implementation of the Sustainable Development Goals in Indonesia. Indonesia is a developing country with the largest Muslim population in the world. The research findings will benefit bank executives and regulators of financial services. The research takes a novel approach to the Sustainable Development Goals, Sharia financing, and green financing. This study integrates three critical components: green financing, Sustainable Development Goals financing, and Sharia financing. Furthermore, this research examines the financial industry's role in fostering a more hospitable environment for human life. In order to achieve sustainable development goals, shariah financing and green financing are complementary, according to this study.