Most books on Islamic finance and development issues are written from an academic perspective. Although academic reflection is key for future direction, dissatisfaction with previous development efforts, as evidenced by their lack of sustainability, suggests the need for a different type of review. Development work is complex and requires a detailed and transparent approach in order to ensure a cogent resolution for potential long-term issues. Each intervention area requires specific elaboration for meaningful impact. The perfect solution for one sector might be detrimental for another.
Islamic finance, with its strict Riba restrictions, rules, and other checks and balances, is a good fit for infrastructure development in pursuit of sustainable development. When it comes to sustainable development, this book argues, Islamic finance has the tools to intervene for maximum impact. However, the issue of sustainability is not only related to Islamic finance; more policy discourse is needed. This requires guidance from the principles of Islamic economics, as well. This book discusses infrastructure development vis-à-vis sustainable development, drawn from decades of real-life development banking experience, and proposes impactful intervention methods based on wisdom from Islamic economics and finance.
Most books on Islamic finance and development issues are written from an academic perspective. Although academic reflection is key for future direction, dissatisfaction with previous development efforts, as evidenced by their lack of sustainability, suggests the need for a different type of review. Development work is complex and requires a detailed and transparent approach in order to ensure a cogent resolution for potential long-term issues. Each intervention area requires specific elaboration for meaningful impact. The perfect solution for one sector might be detrimental for another.
Islamic finance, with its strict Riba restrictions, rules, and other checks and balances, is a good fit for infrastructure development in pursuit of sustainable development. When it comes to sustainable development, this book argues, Islamic finance has the tools to intervene for maximum impact. However, the issue of sustainability is not only related to Islamic finance; more policy discourse is needed. This requires guidance from the principles of Islamic economics, as well. This book discusses infrastructure development vis-à-vis sustainable development, drawn from decades of real-life development banking experience, and proposes impactful intervention methods based on wisdom from Islamic economics and finance.
1. Islamic Finance for Sustainable Development Goals.- 2. Islamic versus Conventional Infrastructure Project Finance vis-à-vis Time Overrun Issues.- 3. Identifying Infrastructure Sectors for Islamic Public–Private Partnership Projects.- 4. Sustainable Islamic SME Financing.- 5.Economic Empowerment, Zakat, Waqf, and Social Infrastructure.- 6. Islamic Finance Strife: Risk Management, Regulation, and Supervision.- 7. Islamic Approach toward Energy Sector Infrastructure Development.- 8. Islamic Financial Product Development in the Context of Education and Health.- 9. Irrigation and Drainage.- 10. Identifying Equitable and Fitting Business Models for Infrastructure Projects.
Amadou Thierno Diallo is the Acting Director General of
Global Practices and Director of the Economic and Social
Infrastructure Department at the Islamic Development Bank where he
has been employed since 2011. He supervises the Bank's activities
to support the socio-economic development efforts of its 57-member
countries through the identification and prioritization of
investment projects and programs as well as the development and
implementation of policies and strategies. His previous roles at
the IsDB have been Acting Director of the Agriculture and Rural
Development Department and Director of the Office of the Vice
President Operations at the IsDB.
Ahmet Suayb Gundogdu is the Senior Technical Specialist for
Director General of Global Practices and Chief Economist at the
Islamic Development Bank where he has been employed since 2008.
Before joining the bank, he was pursuing his PhD in Economics at
Virginia Tech, USA. He holds a BA in International Trade from
Bogazici University and an MA in International Development from the
International University of Japan. He completed his PhD in Islamic
Finance at Durham University, UK.
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