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|29 October, 2018

What are the most urgent sustainable goals the Islamic economy must address?

How is Dubai aligning its initiatives with the SDGs?

The twin minaretes of a mosque are seen with office towers along Sheikh Zayed Road in Dubai, November 29, 2009.

The twin minaretes of a mosque are seen with office towers along Sheikh Zayed Road in Dubai, November 29, 2009.

REUTERS/Steve Crisp

What are the most urgent of the Sustainable Development Goals (SDGs) that must be addressed by Islamic finance and Islamic lifestyle sectors? How is Dubai, which has a vision to be the global capital of the Islamic economy, aligning its initiatives with the SDGs?

Salaam Gateway asked Abdulla Al Awar, CEO of the Dubai Islamic Economy Development Centre, Shaima Hasan, Research Manager, Thomson Reuters, and Rafi-uddin Shikoh, CEO of DinarStandard, after the launch of the State of the Global Islamic Economy 2018/19 report on Oct 28 in Dubai.

The United Nations' 17 SDGs are a reference point for beneficiary prioritisation for Islamic economy sectors as they cover many concerns related to maqasid al Shariah, or goals of Shariah, says the State of the Global Islamic Economy 2018/19 report.

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Maqasid al Shariah seeks to protect and preserve the benefits and interests of society and the acquisition of wealth in a fair, transparent and accountable manner. 

The report maps the SDGs for each Islamic economy sector, and considers them growth enablers for the global Islamic economy. For example, it identifies seven SDGs for Islamic lifestyle to address, including SDG 5: Gender Equality, SDG 8: Decent Work and Economic Growth, and SDG 9: Innovation and Infrastructure.

For the full analysis, the pdf version of the report is availble from here

Salaam Gateway is the global reference for Islamic economy intelligence, news, insights, information, and data. A joint partnership between Dubai Islamic Economy Development Centre and Thomson Reuters, the platform also contains the global database of companies in the halal, Islamic finance, and Islamic lifestyle industries. For more information visit www.salaamgateway.com 

© Salaam Gateway 2018

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