The contribution of Shariah-Compliant products to SDGs attending through the pace of economic growth: an empirical evidence from Pakistan

Siddique, Muhammad Abubakar; Haq, Mirajul; Rahim, Memoona

doi:10.1108/imefm-02-2020-0062

Cited by 4 publications

(4 citation statements)

References 27 publications

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“…Gani & Bahari, 2020 [23] revealed in their research that Islamic Bank Financing has a long-term effect but, not in the short term on real GDP in Malaysia. There is also according to Siddique et al, 2022 [13] the financing variable has an influence on real GDP in Pakistan to encourage the achievement of SDGs and according to Ghoniyah & Hartono, 2020 [12] states that the Islamic banking financing variable in Indonesia makes a positive contribution to SDGs. Meanwhile, Frita et al, 2022 [24] states that financing has no influence on GRDP in the SDGs program.…”

Section: Resultsmentioning

confidence: 99%

Does Islamic Banking Contribute to Increasing Public Welfare? Evidence from Indonesian Province Panel Data

Rezeki,

Limayyasa,

Mufti

et al. 2024

suhuf

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One of the Sustinable Development Goals (SDGs) targets in Indonesia is to increase the level of public welfare that can be represented in GRDP per capita. Therefore, the purpose of this study is to determine whether Islamic banking through Islamic Commercial Banks (BUS), Islamic Business Units (UUS) and Sharia Rural Banks (BPRS) in 33 provinces in Indonesia, has contributed to GRDP per capita during the 2015-2022 period. GRDP per capita as a proxy indicator for the level of public welfare to encourage the achievement of the sustainable development goals (SDGs) target. This study uses panel data regression analysis because the data is time series and cross section. The size of the Islamic banking contribution uses Islamic Bank Office (IBO), Financing and Third-Party Funds (TPF) variables in 33 provinces in Indonesia. Meanwhile, the size of the welfare level of a region uses Gross Regional Domestic Product (GRDP) per capita data. The findings of this study show that the IBO, financing, and TPF variables simultaneously have a significant positive effect on GRDP. However, partially, the IBO variable has a significant negative effect on GRDP, the financing variable has a significant positive effect on GRDP, and the TPF variable has no effect on GRDP.

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Section: Resultsmentioning

confidence: 99%

Does Islamic Banking Contribute to Increasing Public Welfare? Evidence from Indonesian Province Panel Data

Rezeki,

Limayyasa,

Mufti

et al. 2024

suhuf

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“…Based on the results of this study, three interesting things were found related to Islamic sustainable finance, including development, social, and waqf. The word 'development' relates to Islamic Sustainable Finance, where one of the objectives of the ISF is for a country's economic growth (Ahmed, 2021;Alhammadi, 2022;Khan & Badjie, 2022;Ul-Hassan & Usman, 2013;Rarasati & Sambill, 2019;Saleem et al, 2021;Siddique et al, 2022). This is in line with the contribution of Islamic finance to global finance which has increased where based on global economic report data which estimates Islamic financial assets to reach $2.52 trillion, an increase of 13.9% from the previous year and Indonesia won the achievement as IFCI's first rank in the Global Islamic Finance Report 2021 (Nur, 2021).…”

Section: Resultsmentioning

confidence: 99%

A Qualitative Review on Islamic Sustainable Finance

Sunarya

Rusydiana²

2022

JAM

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The current paradigm of Islamic economics and finance leads to comprehensive human development by taking into account the objectives of Islamic sharia (maqasid sharia). This study aims to determine the development and mapping of Islamic Sustainable Finance from research published by reputable journals with the theme of Islamic economics and finance. This study uses a qualitative method with data collection in the form of journal publications from various Scopus-indexed journals with the theme of Islamic Sustainable Finance. There are 154 journal publications with the theme of Islamic Sustainable Finance for the period 1994-2022. The data were processed with Microsoft Excel and analyzed using Nvivo 12 Plus software. The results show a fairly fluctuating increase in journal publications with the theme of Islamic Sustainable Finance. Of the 154 published journals indexed by Scopus, the words that appear the most are Islamic, finance, financial, sustainable, development, social, banking, financing, waqf, and economic with the percentage of each word being 3.22%, 1.55%, 1.50 %, 0.95%, 0.84%, 0.78%, 0.68%, 0.54%, 0.49%, and 0.48%. That is, most states that the development of Islamic finance is sustainable, in terms of banks, social financing, waqf, economics, and so on. This research is expected to add to academic studies related to Islamic finance to achieve a sustainable future for Islamic finance.

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“…4. Economic Growth and Infrastructure Development (SDG 8 & 9): IBF promotes financial inclusion, which fosters economic growth and job creation (Siddique et al, 2022). Sharia-compliant financing instruments support infrastructure development projects, contributing to sustainable and inclusive economic growth (Zeb et al, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

The SDG-Islamic Banking Nexus: Insights from the OIC Top Economies

Basalma

2024

SJEKI

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– Islamic Banking and Finance (IBF) has emerged as a promising alternative to conventional finance, with its principles aligned with the United Nations' Sustainable Development Goals (SDGs). This study investigates the relationship between the performance of IBF in five major Organization of Islamic Cooperation (OIC) countries - Saudi Arabia, Turkey, Indonesia, Malaysia, and the United Arab Emirates - and key SDG indicators: return on assets, regulatory capital to assets, regulatory Tier 1 capital to risk-weighted assets, and broad money to total reserves ratio. Employing panel data analysis, the research reveals that three out of the four SDG indicators significantly impact the total assets of Islamic banks, while the regulatory capital-to-assets indicator shows no significant relationship. These findings underscore the complex interplay between profitability, risk management, liquidity, and asset growth in the IBF sector. The study contributes to the growing body of literature on the role of IBF in promoting sustainable development. The results have important implications for regulators, policymakers, and Islamic banking institutions, highlighting the need for a balanced approach that reconciles financial performance with social and environmental objectives. By aligning IBF with the SDGs, this research paves the way for a more sustainable and inclusive financial system that can drive economic growth, social welfare, and environmental sustainability in the Muslim world and beyond.========================================================================================================ABSTRAK – Hubungan SDG dengan Perbankan Syariah: Wawasan dari Negara-Negara Utama OKI. Perbankan dan Keuangan Syariah telah menjelma menjadi alternatif yang menjanjikan bagi keuangan konvensional, dengan prinsip-prinsipnya yang selaras dengan tujuan pembangunan berkelanjutan (SDGs). Penelitian ini menyelidiki hubungan antara kinerja total aset perbankan dan keuangan Islam di lima negara utama OKI, yaitu Saudi Arabia, Turkey, Indonesia, Malaysia, and the United Arab Emirates, dan beberapa indikator SDG yaitu laba atas aset, modal peraturan terhadap aset, peraturan modal Tier 1 terhadap aset tertimbang menurut risiko, dan uang beredar terhadap total cadangan. Studi ini menggunakan pendekatan analisis data panel yang mengumpulkan regresi kuadrat terkecil biasa menggunakan data sepuluh tahun dari tahun 2013 hingga 2022. Hasilnya menunjukkan bahwa tiga dari empat indikator SDG mempunyai dampak signifikan terhadap total aset perbankan syariah, sedangkan peraturan modal terhadap total aset perbankan syariah tidak berpengaruh signifikan terhadap total aset perbankan syariah. Temuan ini menunjukkan adanya trade-off antara profitabilitas, manajemen risiko, likuiditas, dan pertumbuhan aset di perbankan syariah. Temuan ini mempunyai implikasi bagi regulator, pembuat kebijakan, dan lembaga perbankan Islam, serta berkontribusi terhadap pemahaman keuangan yang bertanggung jawab dan pembangunan berkelanjutan.

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The contribution of Shariah-Compliant products to SDGs attending through the pace of economic growth: an empirical evidence from Pakistan

Cited by 4 publications

References 27 publications

Does Islamic Banking Contribute to Increasing Public Welfare? Evidence from Indonesian Province Panel Data

Does Islamic Banking Contribute to Increasing Public Welfare? Evidence from Indonesian Province Panel Data

A Qualitative Review on Islamic Sustainable Finance

The SDG-Islamic Banking Nexus: Insights from the OIC Top Economies

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