{"title":"改革伊斯兰金融以实现可持续发展目标","authors":"Tariqullah Khan Tariqullah Khan","doi":"10.4197/islec.32-1.1","DOIUrl":null,"url":null,"abstract":"The paradigm of Islamic economics and finance is guided by the\nmotivation of comprehensive human development (CHD) and its preservation as\nmanifested in the objectives of Sharīʿah (maqāṣid al-Sharīʿah). However, the real\nworld free-market economies are driven by the linear economy paradigm under the\ninfluence of Hotelling’s 1931 famous work concerning the economics of exploiting\nnatural resources, in which, the ecological environment is not recognized as a resource.\nThe global financial architecture is designed to protect and preserve the linear\neconomic paradigm. In practice, Islamic finance has also remained a ḥalāl sub-set of\nthis system. The resultant social, environmental, and governance imbalances have\nrecently led to different initiatives sponsored by the UN including the Sustainable\nDevelopment Goals (SDGs). Like the maqāṣid, the SDGs also aim at achieving and\npreserving human development. In practice, for the first time, a real paradigm shift\nfrom the linear to the ecological/circular economy is noticeably taking place, also\ninducing the transformation of the financial architecture. In this paper, in a broader\nperspective, we use the CHD and SDGs interchangeably, and discuss a number of\nparadigmatic and regulatory reforms that will be required to enhance the actual\neffectiveness of Islamic finance in achieving the ideals of CHD, and the SDGs at large.\nThe paper in fact outlines a wider scope of the potential reform initiatives.","PeriodicalId":39159,"journal":{"name":"Journal of King Abdulaziz University, Islamic Economics","volume":"117 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Reforming Islamic Finance for Achieving Sustainable Development Goals\",\"authors\":\"Tariqullah Khan Tariqullah Khan\",\"doi\":\"10.4197/islec.32-1.1\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The paradigm of Islamic economics and finance is guided by the\\nmotivation of comprehensive human development (CHD) and its preservation as\\nmanifested in the objectives of Sharīʿah (maqāṣid al-Sharīʿah). However, the real\\nworld free-market economies are driven by the linear economy paradigm under the\\ninfluence of Hotelling’s 1931 famous work concerning the economics of exploiting\\nnatural resources, in which, the ecological environment is not recognized as a resource.\\nThe global financial architecture is designed to protect and preserve the linear\\neconomic paradigm. In practice, Islamic finance has also remained a ḥalāl sub-set of\\nthis system. The resultant social, environmental, and governance imbalances have\\nrecently led to different initiatives sponsored by the UN including the Sustainable\\nDevelopment Goals (SDGs). Like the maqāṣid, the SDGs also aim at achieving and\\npreserving human development. In practice, for the first time, a real paradigm shift\\nfrom the linear to the ecological/circular economy is noticeably taking place, also\\ninducing the transformation of the financial architecture. In this paper, in a broader\\nperspective, we use the CHD and SDGs interchangeably, and discuss a number of\\nparadigmatic and regulatory reforms that will be required to enhance the actual\\neffectiveness of Islamic finance in achieving the ideals of CHD, and the SDGs at large.\\nThe paper in fact outlines a wider scope of the potential reform initiatives.\",\"PeriodicalId\":39159,\"journal\":{\"name\":\"Journal of King Abdulaziz University, Islamic Economics\",\"volume\":\"117 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of King Abdulaziz University, Islamic Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.4197/islec.32-1.1\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Economics, Econometrics and Finance\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of King Abdulaziz University, Islamic Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4197/islec.32-1.1","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
Reforming Islamic Finance for Achieving Sustainable Development Goals
The paradigm of Islamic economics and finance is guided by the
motivation of comprehensive human development (CHD) and its preservation as
manifested in the objectives of Sharīʿah (maqāṣid al-Sharīʿah). However, the real
world free-market economies are driven by the linear economy paradigm under the
influence of Hotelling’s 1931 famous work concerning the economics of exploiting
natural resources, in which, the ecological environment is not recognized as a resource.
The global financial architecture is designed to protect and preserve the linear
economic paradigm. In practice, Islamic finance has also remained a ḥalāl sub-set of
this system. The resultant social, environmental, and governance imbalances have
recently led to different initiatives sponsored by the UN including the Sustainable
Development Goals (SDGs). Like the maqāṣid, the SDGs also aim at achieving and
preserving human development. In practice, for the first time, a real paradigm shift
from the linear to the ecological/circular economy is noticeably taking place, also
inducing the transformation of the financial architecture. In this paper, in a broader
perspective, we use the CHD and SDGs interchangeably, and discuss a number of
paradigmatic and regulatory reforms that will be required to enhance the actual
effectiveness of Islamic finance in achieving the ideals of CHD, and the SDGs at large.
The paper in fact outlines a wider scope of the potential reform initiatives.
期刊介绍:
The aims and scope of the journal include: -To develop the emerging paradigm of Islamic economics on scientific lines through publishing original works in this field that pass its peer review process. -To promote dialogue and discussion on current issues in the fields of Islamic economics and finance among the international community of scholars. -To encourage empirical research on Islamic finance, takaful, zakah, awqaf and other Islamic institutions including case studies from Muslim economies. -Contemporary global economic issues viewed from an Islamic perspective. To publish book reviews of important works published in the field, including books in conventional economics, business and finance having some connection with Islamic economics and/or finance.