Islamic Finance for Sustainable Development Goals in Afghanistan
By: Abdul Rahman Saafi
Abstract
Achieving sustainable development goals through Islamic Finance (IF) is a cornerstone for development in Afghanistan. The purpose of this study is to investigate the connection between IF objectives and the United Nations Sustainable Development Goals (UNSDGs), and to suggest market-based solutions to sustainable development challenges faced by the country. Using predictive analysis, this study analyzed the historical data of IF in Afghanistan - and measured these results against a contemporary IF study towards the sustainability of social finance and economic growth. The inherent overlap between IF and Sustainable Development Goals (SDGs) plays a significant role in facilitating the engagement of the private sector, governments, and key stakeholders operating in the Islamic finance sector within Afghanistan. The study also examines the correlation between IF and UNSDGs. Further studies are needed to establish fundamental relationships and develop practical solutions.