The Role of Zakat and Waqf in Achieving Sustainable Development Goals (SDGs): A Global Perspective

Abstract

Purpose —This paper aims to explore the potential problems and solutions of waqf institutions in Indonesia, as well as the economic potential and impact of zakat through a review of theoretical and empirical studies. This paper provides an analysis that shows that zakat can play an important role in achieving sustainable development goals related to poverty, hunger, global health and prosperity, quality education, decent work and economic growth, as well as income inequality.

Method —This research uses a literature review. The literature review method involves investigating, analyzing, and synthesizing information from literature sources relevant to the research topic, such as journal articles, books, research reports, official documents, and other sources that can provide an in-depth understanding of the consideration of ESG factors in making decisions. Investation decision.

Result — Based on the search results, it can be concluded that zakat and waqf have an important role in achieving the Sustainable Development Goals (SDGs), especially in the fields of economics and social welfare123.

Novelty —This research has never been conducted before due to the novelty of the data analysis methods and techniques used, allowing the results of this research to provide an overview of various strategies and best practices from countries that have successfully integrated zakat and waqf in their sustainable development agenda. This article provides practical guidance for governments, financial institutions and civil society in utilizing the potential of zakat and waqf to support the achievement of the SDGs effectively and sustainably.