Strengthening Islamic Finance's Impact on the SDGs: Strategies to Increase Contribution

Abstract

Islamic finance plays an important role in contributing to the Sustainable Development Goals (SDGs) in various countries. The method used in this research is a descriptive qualitative method using literature studies from various journals related to Islamic sustainable finance issues. The relatively lower contribution of Islamic finance in Indonesia compared to countries like Qatar, Australia, and the UK can be attributed to factors such as regulatory frameworks, financial infrastructure, market maturity, product diversity, and human capital in the country. To scale up Islamic finance in Indonesia and contribute to the SDGs, the following strategies can be implemented on Regulatory Framework, Financial Literacy and Awareness, Product Diversification, Collaboration and Partnerships, Innovation and Technology, Sustainability Reporting, Data Collection and Analysis.