Islamic Finance Can Play Important Role In Helping World Achieve SDGs, IDB President Writes

Financial Times: It is time to position Islamic finance as sustainability leader
Bandar Hajjar, president of the Islamic Development Bank

“…Islamic finance places great importance on improving the quality of life, social equity and fair trade relations. It recognizes the importance of protecting the environment and forbids irresponsible profiteering at the expense of others, or investment in businesses that damage our society. … Based on principles that promote links between finance and economic activities, it is time to position the Islamic finance industry as a development leader. By doing so, the deployment of Islamic finance solutions has the potential to play an important role in helping to bridge the financing gap for the SDGs, and subsequently pave the way for a reinvigorated, more accountable financial system…” (11/3).

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