ABSTRACT
Islamic finance which promotes ownership, realism, and financing through goods and services have a big contribution to sustainable development through contracts that are practised in Islamic financial institutions such as the Islamic banking. Some of these contracts are Al-Musharakah (participation-based), Al-Mudharabah (profit-sharing), Istisna’a (manufacturing), and muzarah and musaqah (sharecropping and farming). This study discusses the role played by the Islamic financing contracts towards Sustainable Development Goals (SDGs) in meeting the SDG’s objectives, i.e., inclusiveness, prosperity, and equality. In its discussion, the study addresses the development challenges facing societies by incorporating three dimensions of sustainable development, namely, social dimensions, environmental dimensions, and economic dimensions.
