Explore the foundations and principles of Islamic finance from the perspective of sustainable development. Did you know that the financing gap in developing countries to achieve the Sustainable Development Goals by 2030 could increase by 70% in the wake of the COVID-19 pandemic? Are you interested in the role of Islamic finance in building a sustainable future? Do you want to learn about the foundations and principles of Islamic finance from the perspective of the Sustainable Development Goals? Are you a development professional engaging with Islamic finance institutions? An Islamic finance professional willing to acquire an in-depth understanding of financing sustainable development? Do you want to be a part of this alliance for a better world by channeling Islamic finance resources for the Sustainable Development Goals?
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Islamic Development Bank (IsDB), IsDB Science, Technology and Innovation (STI) Fund – Engage Platform, Islamic Development Bank Institute (IsDBI), Durham University Business School, UNDP Istanbul International Center for Private Sector in Development (IICPSD), and the United Nations Development Programme (UNDP) are pleased to provide this free Massive Open Online Course (MOOC) on “Islamic Finance for the Sustainable Development Goals.”
Positioning Islamic finance as broadly relevant to Sustainable Development Goals and not only a niche proposition, this course is the first of its kind designed for capacity building in order to engage development professionals and Islamic finance partners for leveraging this vital source for financing sustainable development.
From the resemblance of Islamic finance principles to the objectives outlined by the Sustainable Development Goals, to the potential of Islamic microfinance in socioeconomic empowerment; this course brings theory and practice together with the authoring and video lecturing contributions of 27 leading subject matter experts.
What you'll learn
- Understand the 2030 Agenda for Sustainable Development
- Define the financing mechanisms for sustainable development and the Sustainable Development Goals
- Acquire extended awareness and comfortable communication in Islamic finance, as well as enhanced understanding of Islamic finance principles and the requirements of Islamic finance partners
- Build effective dialogue and partnerships within the global development community and Islamic finance stakeholders
- Outline which program design and policy requirements may be needed to engage with Islamic finance
- Identify projects and develop policies related to the Sustainable Development Goals that accommodate requirements pertaining to Islamic finance
- Develop blended finance solutions combining Islamic social and commercial finance instruments with technology and innovation
- Explore how Islamic finance instruments and institutions can be utilized to support the Sustainable Development Goals through real-world case studies
Syllabus
Module 1 Introduction
Module 2 The Sustainable Development Goals and the Role of Islamic Finance
Lesson 1 The Sustainable Development Goals and Financing the 2030 Agenda
Lesson 2 Islamic Finance: An Ethical Proposition for Sustainable Development
Lesson 3 The Islamic Finance Principles and Their Link with the Sustainable Development Goals
Case Study An Interest-Free Microfinance Institution: Akhuwat Pakistan
Case Study Charity-Based Microfinance: Islamic Relief Worldwide
Module 3 Modes and Institutions of Islamic Finance
Lesson 1 Islamic Commercial Finance Instruments
Lesson 2 Islamic Social Finance Instruments and Institutions for Economic and Social Empowerment
Lesson 3 Islamic Social Finance: Unlocking the Potential in Humanitarian Crises
Lesson 4 The Governance Structure and Principles in Islamic Commercial and Social Finance Sectors
Case Study Integrating Sustainability into Banking: CIMB Malaysia
Case Study A Bank-Led Startup Accelerator: Albaraka Garaj
Case Study Channeling Microfinance Through a Commercial Bank: Islami Bank Bangladesh Limited (IBBL)
Case Study A Digitalized Islamic Cooperative Institution: KSPPS BMT Bahtera in Indonesia
Module 4 Impact Investing and Islamic Finance
Lesson 1 Financial Mechanisms for Private Sector Engagement in Sustainable Development
Lesson 2 Blending Islamic Finance and Impact Investing
Lesson 3 Impact Measurement and Management
Case Study Blending Islamic Finance and Impact Investing: The Global Islamic Finance and Impact Investing Platform (GIFIIP)
Module 5 Perspectives for Multilateral Organizations in Engaging with Islamic Finance
Lesson 1 Engaging with Islamic Finance Within the Policy Frameworks of Development Organizations
Lesson 2 Financial Development with Risk-Sharing: An Islamic Finance Framework
Lesson 3 Development Finance Framework and Infrastructure Institution: Islamic Development Bank (IsDB)
Case Study Unlocking Zakat to Help Communities: UNDP Indonesia
Case Study Activating Waqf for Sustainable Development: Awqaf Properties Investment Fund (APIF)
Case Study Pioneering Green Sukuk: The Technical Assistance of the World Bank in Malaysia
Case Study Pioneering Green Sukuk: The Technical Assistance of UNDP in Indonesia
