Length Length

5 modules, accessible at any time

Effort Effort

2-3 hours per week

Price Price

FREE

Languages Languages

English

Video Transcripts Video Transcripts

English

Prerequisites Prerequisites

None

Requirements Requirements

An internet connection to access course materials

FINANCING MECHANISM
for

THE SUSTAINABLE DEVELOPMENT GOALS

FINANCING MECHANISM
EFFECTIVE DIALOGUE AND PARTNESHIP
with

ISLAMIC FINANCE PARTNERS

EFFECTIVE DIALOGUE AND PARTNESHIP
EXPLORING DIVERSE RANGE
of

ISLAMIC SOCIAL AND COMMERCIAL INSTRUMENTS

EXPLORING DIVERSE RANGE
BLENDING ISLAMIC FINANCE
with

AGENDA 2030

BLENDING ISLAMIC FINANCE

Overview

The SDG Academy is pleased to partner with the Islamic Development Bank (IsDB) and the UNDP Istanbul International Center for Private Sector in Development (IICPSD) to promote this course!

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?

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.

As a promotional partner, the SDG Academy is pleased to feature and promote this free Massive Open Online Course (MOOC) on “Islamic Finance for the Sustainable Development Goals” on our website and in our SDG Academy Library. The MOOC was developed by the 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). The course course brings theory and practice together with the authoring and video lecturing contributions of 27 leading subject matter experts.

By joining the course, learners are invited to learn on how Islamic finance instruments and institutions can be utilized to support the Sustainable Development Goals!

structure

  • Pre-recorded lectures
  • Readings
  • Activities
  • Quizzes 

Lead Faculty

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    H.E Dr. Muhammad Al Jasser

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    Achim Steiner

    United Nations Development Programme

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    Dr. Sami I. Al-Suwailem

    Islamic Development Bank Institute (IsDBI)

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    Sahba Sobhani

    Istanbul International Center for Private Sector in Development (IICPSD)

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    Prof. Mehmet Asutay

    Durham University Business School

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    Mahmoud Mohieldin

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    Habib Ahmed

    Durham University Business School

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    Muhammad Amjad Saqib

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    Mohammed Kroessin

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    Kamran Khalid Sherwani

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    Funda Süzer

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    Budi Hardyansyah

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    Md. Mizanur Rahman

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    Talha Erdoğan

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    Rafe Haneef

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    Mohammad Farrukh Raza

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    Sarah A. Tobin

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    Aishath Muneeza

This course is for

Anyone looking to learn about:

Defining the financing mechanisms for sustainable development and the Sustainable Development Goals

Acquiring extended awareness and comfortable communication in Islamic finance, as well as enhanced understanding of Islamic finance principles and the requirements of Islamic finance partners

Building effective dialogue and partnerships within the global development community and Islamic finance stakeholders

Outlining which program design and policy requirements may be needed to engage with Islamic finance

Identifying projects and develop policies related to the Sustainable Development Goals that accommodate requirements pertaining to Islamic finance

Developing blended finance solutions combining Islamic social and commercial finance instruments with technology and innovation

Exploring how Islamic finance instruments and institutions can be utilized to support the Sustainable Development Goals through real-world case studies

Questions?

Course logistics and requirements

This course is self-paced. Please note that this course is not owned or facilitated by the SDG Academy. Any questions can be sent to IsDB at m.abdeltawab@isdb.org.

Certificates

Learners who successfully complete the course will be eligible to purchase a Verified Certificate signed by the course instructors.

syllabus

Module 1: Introduction

Module 2: The Sustainable Development Goals and the Role of Islamic Finance

Chapter 1: The Sustainable Development Goals and Financing the 2030 Agenda

Chapter 2: Islamic Finance: An Ethical Proposition for Sustainable Development

Chapter 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

Chapter 1: Islamic Commercial Finance Instruments

Chapter 2: Islamic Social Finance Instruments and Institutions for Economic and Social Empowerment

Chapter 3: Islamic Social Finance: Unlocking the Potential in Humanitarian Crises

Chapter 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

Chapter 1: Financial Mechanisms for Private Sector Engagement in Sustainable Development

Chapter 2: Blending Islamic Finance and Impact Investing

Chapter 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

Chapter 1: Engaging with Islamic Finance Within the Policy Frameworks of Development Organizations

Chapter 2: Financial Development with Risk-Sharing: An Islamic Finance Framework

Chapter 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

Conclusion: 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.