JEDDAH, September 3, 2024 – The Islamic Development Bank Institute [IsDBI] and the International Centre for Education in Islamic Finance [INCEIF University] have launched the “International Journal of Islamic Finance and Sustainable Development” [IJIFSD], formerly known as the “ISRA International Journal of Islamic Finance” [IJIF]. This pioneering publication represents a significant leap forward in integrating Islamic finance principles with global sustainability goals.
With the rebranding, IJIFSD has undergone a transformation from focusing on Islamic economics and finance to incorporating sustainable development, hence expanding its scope. The journal aims to establish itself as the premier platform for cutting-edge research at the intersection of Islamic finance and sustainable economic development. This collaboration harnesses the combined expertise and resources of both institutions to drive innovation and create meaningful impact in the field.
Key features of the journal include: Focusing on emerging trends such as green finance, impact investing, and financial inclusion; providing a platform for scholars, policymakers, regulators, and practitioners to share insights; emphasising on practical solutions for sustainable infrastructure development; showcasing the potential of Islamic finance in creating shared prosperity.
During the launch, Prof. Dato’ Dr. Mohd Azmi Omar, the President and Chief Executive Officer of INCEIF University, said: “Our partnership with IsDBI in establishing the journal demonstrates the growing recognition of Islamic finance for sustainable development. This journal will bridge the gap between academic insights and practical implementation, nurturing thought leaders to drive the convergence of Islamic finance principles with sustainable development practices, ultimately contributing to a more equitable and prosperous world.”
Dr. Sami Al-Suwailem, Acting Director General of the IsDBI, said, “This collaboration with INCEIF University reflects our commitment to fostering innovative research for real-world impact with the vision of shaping the future of ethical finance and contributing to sustainable economic development across the Islamic world and beyond.”
Looking ahead, the IJIFSD is poised to play a crucial role in shaping the future of Islamic finance and its contribution to global sustainable development goals [SDGs]. By fostering a community of forward-thinking researchers and practitioners, the journal aims to catalyse innovative financial solutions that address pressing economic, social, and environmental challenges.
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