Zero Waste Accounting for Islamic Financial Institutions in Indonesia and Its Role in Achieving Sustainable Development Goals

Abstract

This study aims to propose a model of Zero Waste Accounting in Islamic Financial Institutions in Indonesia and how it is relevant to the achievement of SDGs. Due to the nature of the research which is exploration thus the research adopts interpretative approach which is essential to validate the research with “convincingness” approach rather than positivist measures of the reliability, validity of data and the generalization of results. The finding documents that Zero Waste Accounting is in vein with the spirit of Maqashid ul-Shariah that has been embedded as a part of the purpose of Islamic financial institution establishment. Statement of Sources and Uses of Zero Waste Accounting should become one of the additional disclosures. The paper sheds a light the need on Zero Waste Accounting for the accounting standard setters in Indonesia and the world.

Re-Thinking Sustainable Development within Islamic Worldviews: A Systematic Literature Review

“…Ning, Jin [46] Global citizenship Pakistan Asif, Tahseen; Ouyang Guangming; Haider, Muhammad Asif; Colomer, Jordi; Kayani, Sumaira; ul Amin, Noor [47] Moral education China, Pakistan Edi, K.; Supriyati; Ramadhan, S. B. [48] Model enterprise education Indonesia Arshad, Roshayani; Noor, Abdul Halim Mohd; Yahya, Azlan [49] Islamic social finance Malaysia Julia, Taslima; Kassim, Salina [50] Green banking Bangladesh Adewale, Adebayo Saheed; Zubaedy, AbdurRaheem Abdul Ganiyi [51] Islamic finance instruments Nigeria Muneeza, Aishath [52] Value-based Islamic finance Maldives Sirghani, Mohsen; Mehr, Nasser Delghosha; Dizji, Ozra Hassanzade [53] Legal review Iran Ercanbrack, Jonathan George [54] Legal reform UAE Syamlan, Yaser Taufik; Mukhlisin, Murniati [55] Zero waste accounting Indonesia Begum, Halima; Alam, A. S. A. Ferdous; Mia, Md Aslam; Bhuiyan, Faruk; Ghani, Ahmad Bashawir Abdul [56] Microfinance for poverty reduction Bangladesh Shunnaq, Mohammed; Schwab, William A.; Reid, Margaret F. [57] Sustainable tourism Jordan Aman, Jaffar; Abbas, Jaffar; Mahmood, Shahid; Nurunnabi, Mohammad; Bano, Shaher [58] Sustainable tourism Pakistan Mahmoud, Basma Mohamed Aboelyazeed [59] Islamic art Egypt Rarasati, A. D.; Bahwal, F. F. [60] Infrastructure development Indonesia [61] Community development Egypt Shibub, Mariam M. T. [62] Sustainable architecture Libya Kherbouche, Somia; Djedid, Abdelkader [63] Sustainable cultural tourism Algeria Palupi, Majang; Romadhon, Rizqi W.; Arifan, Nur [64] Sustainable tourism Indonesia El Amrousi, Mohamed; Elhakeem, Mohamed [65] Green infrastructure UAE Purnomo, Dwi; Pujianto, Totok; Efendi, Nurfida [66] Social entrepreneurship Indonesia Cina, Giuseppe; Khatami, Fahimeh [67] Urban agriculture Iran Rudolff, Britta; alZekri, Muhammad [68] Traditional knowledge Bahrain Ariesanti, Alia; Irianto, Gugus; Sukoharsono, Eko Ganis; Saraswati, Erwin [69] Sustainability reporting Indonesia Nobanee, Haitham; Ellili, Nejla [70] Sustainability reporting UAE Zauro, Nurudeen Abubakar; Saad, Ram Al Jaffri; Ahmi, Aidi; Hussin, Mohd Yahya Mohd [71] Waqf Nigeria Muller, Dominik M. [72] Za...…”

“…The third cluster in this review shows a set of articles that address environmental sustainability that focus on assessing sustainability in OIC countries using Data Envelopment Analysis (DEA) [118]; energy supply in OIC countries [119]; sustainable transport in OIC countries [120]; institutional development in OIC countries [121]; sustainable tourism strategy in Jordan [57]; environmental protection in OIC countries [122]; sustainability reporting in higher education [69]; sustainability reporting in financial Islamic institutions in Indonesia [123]; carbon footprint for food consumption [124]; zero waste accounting for Islamic institutions to address the SDGs [55]; green banking performance in Bangladesh [50]; sustainable manufacturing [125]; green infrastructure in UAE [65]; Waqf forest for the SDGs [126]; mangrove forests in Oman [127]; and green city planning in Qatar [128].…”