Potential Contributions and Challenges of Islamic Social Finance for Attaining SDGs in Bangladesh

Eliminating poverty and advancing human wellbeing is the main aim of Islamic social finance, which is exactly in line with the sustainable development goals.A detailed analysis of the SDGs highlights the close relationship and comparability between Islamic social finance and the goals.The study aims to explore the potentiality contributions of Islamic Social Finance for attaining Sustainable Development Goals in Bangladesh.Some Islamic Social Finance tools such as Full-fledge Islamic Banks, Islamic Banks' windows, Zakat, Wakf, Islamic Foundation schemes and Islamic Microfinance are reviewed and discussed along with the goals of SDG.With the use of secondary data, the study would employ a qualitative research methodology to achieve its goals.The research findings indicate that Islamic Social finance has the potential to significantly increase economic and financial development, environmental sustainability, and social inclusion through promoting employment opportunities, disseminating knowledge and skills, fostering self-reliance, and shielding against unfavorable outcomes.This paper attempts to explore the difficulties that Bangladeshi Islamic finance faces.This research offers some policy recommendations to deal with these issues and improve Islamic social finance's ability in achieving the SDGs.