ISSN: 2222-6990
Open access
Islamic Social Finance (ISF), which includes zakat, wakaf, sadaqah, and tabarru-based contracts, forms a financial ecosystem shaped by Shariah that prioritizes public welfare, social justice, equity, and sustainability. This study introduces a conceptual framework that connects ISF to the United Nations Sustainable Development Goals (SDGs) through the principles of Maqasid Al-Shariah. By systematically aligning ISF tools with specific SDG targets and focusing on the five fundamental goals of Maqasid—namely the protection of religion (din), life (nafs), intellect (aql), lineage (nasl), and wealth (mal)—the research highlights collaborative opportunities to promote global sustainability across various socioeconomic contexts. Employing a qualitative research approach, the study utilizes doctrinal analysis of both historical and modern fiqh literature, as well as thematic content analysis of SDG policy documents. Data were gathered from peer-reviewed journals, official SDG reports, and primary Islamic texts. The conceptual framework was created by integrating insights from Islamic jurisprudence with sustainable development theories. The results indicate that strengthening ISF through effective governance, increased transparency, and digital innovation could significantly expedite progress towards the SDGs, offering an ethical framework for sustainable development that is adaptable across different contexts. This paper aims to narrow the gap between global development initiatives and ISF, providing Maqasid Al-Shariah insights for policymakers, scholars, and practitioners dedicated to sustainable growth.
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