Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence
<p dir="ltr">This study aims to show how Islamic social finance (ISF) instruments can contribute to achieving SDGs and to filling the gaps in pressing humanitarian crises, such as refugee protection. ISF institutions enjoy sufficient financial capacity to bridge the gaps and realize...
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2022
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| _version_ | 1864513562358054912 |
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| author | Evren Tok (14779270) |
| author2 | Abdurahman J. Yesuf (16937052) Abdulfatah Mohamed (16937058) |
| author2_role | author author |
| author_facet | Evren Tok (14779270) Abdurahman J. Yesuf (16937052) Abdulfatah Mohamed (16937058) |
| author_role | author |
| dc.creator.none.fl_str_mv | Evren Tok (14779270) Abdurahman J. Yesuf (16937052) Abdulfatah Mohamed (16937058) |
| dc.date.none.fl_str_mv | 2022-06-04T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/su14116875 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Sustainable_Development_Goals_and_Islamic_Social_Finance_From_Policy_Divide_to_Policy_Coherence_and_Convergence/24087780 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Banking, finance and investment Human society Development studies Sociology Philosophy and religious studies Applied ethics Islamic social finance SDGs policy coherence refugees CPP |
| dc.title.none.fl_str_mv | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This study aims to show how Islamic social finance (ISF) instruments can contribute to achieving SDGs and to filling the gaps in pressing humanitarian crises, such as refugee protection. ISF institutions enjoy sufficient financial capacity to bridge the gaps and realize the most relevant and urgent SDGs. However, due to policies and other constraints, their participation in international development aid programs is limited. Accordingly, this study explores the existing policy divide between Western and Islamic countries regarding the use of Faith-Based funds in international humanitarian and development aid programs. Through case studies, this study demonstrates that ISF instruments have the potential at national and international levels to mobilize resources to support marginalized groups in society in various countries. The analysis indicates the need to develop a framework that helps to build cooperation among local and international actors to mobilize ISF funds for cross-country development and humanitarian aid, which accelerates the achievement of the SDGs. This paper studies ongoing dialogues among various stakeholders to create policy convergence and to use ISF instruments towards SDGs. This study suggests that the dialogue should be more inclusive by including all potential stakeholders, including Muslim leaders, policymakers and Shariah Scholars, to narrow policy gaps and to draw policy coherence for using ISF tools in the duality aid programs and for creating synergies towards achieving the SDGs.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su14116875" target="_blank">https://dx.doi.org/10.3390/su14116875</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_2d3e7aa6ad7d6c12d997b032c544e13c |
| identifier_str_mv | 10.3390/su14116875 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24087780 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and ConvergenceEvren Tok (14779270)Abdurahman J. Yesuf (16937052)Abdulfatah Mohamed (16937058)Banking, finance and investmentHuman societyDevelopment studiesSociologyPhilosophy and religious studiesApplied ethicsIslamic social financeSDGspolicy coherencerefugeesCPP<p dir="ltr">This study aims to show how Islamic social finance (ISF) instruments can contribute to achieving SDGs and to filling the gaps in pressing humanitarian crises, such as refugee protection. ISF institutions enjoy sufficient financial capacity to bridge the gaps and realize the most relevant and urgent SDGs. However, due to policies and other constraints, their participation in international development aid programs is limited. Accordingly, this study explores the existing policy divide between Western and Islamic countries regarding the use of Faith-Based funds in international humanitarian and development aid programs. Through case studies, this study demonstrates that ISF instruments have the potential at national and international levels to mobilize resources to support marginalized groups in society in various countries. The analysis indicates the need to develop a framework that helps to build cooperation among local and international actors to mobilize ISF funds for cross-country development and humanitarian aid, which accelerates the achievement of the SDGs. This paper studies ongoing dialogues among various stakeholders to create policy convergence and to use ISF instruments towards SDGs. This study suggests that the dialogue should be more inclusive by including all potential stakeholders, including Muslim leaders, policymakers and Shariah Scholars, to narrow policy gaps and to draw policy coherence for using ISF tools in the duality aid programs and for creating synergies towards achieving the SDGs.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su14116875" target="_blank">https://dx.doi.org/10.3390/su14116875</a></p>2022-06-04T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/su14116875https://figshare.com/articles/journal_contribution/Sustainable_Development_Goals_and_Islamic_Social_Finance_From_Policy_Divide_to_Policy_Coherence_and_Convergence/24087780CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/240877802022-06-04T00:00:00Z |
| spellingShingle | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence Evren Tok (14779270) Banking, finance and investment Human society Development studies Sociology Philosophy and religious studies Applied ethics Islamic social finance SDGs policy coherence refugees CPP |
| status_str | publishedVersion |
| title | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| title_full | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| title_fullStr | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| title_full_unstemmed | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| title_short | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| title_sort | Sustainable Development Goals and Islamic Social Finance: From Policy Divide to Policy Coherence and Convergence |
| topic | Banking, finance and investment Human society Development studies Sociology Philosophy and religious studies Applied ethics Islamic social finance SDGs policy coherence refugees CPP |