Presenters: Tamamudin, Muchammad Yusuf, M. Iskandar
Affiliation: State Islamic University K.H. Abdurrahman Wahid Pekalongan
Room: 3 (Online)
ICIES News- At the 4th International Conference on Islamic Economics Studies (ICIES) 2024, scholars from the State Islamic University K.H. Abdurrahman Wahid Pekalongan presented an in-depth study on the pivotal role of Islamic financial institutions in supporting Sustainable Development Goals (SDGs). The research, titled “The Role of Islamic Financial Institutions in Achieving Sustainable Development Goals (SDGs) (An Indonesian Case Study),” was presented by Tamamudin, Muchammad Yusuf, and M. Iskandar.
The study aims to elucidate how Islamic financial institutions contribute to the achievement of SDGs, leveraging descriptive qualitative research and a literature research approach. The researchers collected secondary data from various reliable sources to support their analysis.
Key findings from the study include:
- Islamic financial institutions align closely with the objectives of the SDGs, which encompass 17 global goals aimed at achieving sustainable development as agreed upon by UN member countries.
- These institutions play a crucial role in bolstering the community’s economy and aiding poverty alleviation efforts, reflecting a shared vision with the SDGs for equitable community welfare.
- Islamic financial institutions encourage sustainable development by empowering the mosque economy and promoting the productivity and performance of micro, small, and medium enterprises (MSMEs).
- The innovative strategies of these institutions, particularly in enhancing the economic roles of mosques and supporting MSMEs, are identified as effective methods for advancing the SDGs.
The presentation underscored the integral function of Islamic financial institutions in fostering economic growth, social equity, and environmental sustainability in Indonesia. By promoting financial inclusion and equitable resource distribution, these institutions support the overarching goals of the SDGs.