The Islamic Social Finance and Its Contribution to Sustainable Development Goals 2030 : The Case of Qatar

For centuries, Islamic Social Finance tools such as Alms giving, Endowment, and Sadaqah have been utilized to aid in socioeconomic development and support those affected by crises, natural disasters, and development challenges in various countries. Recent literature has demonstrated a significant correlation between these tools and the United Nations' Sustainable Development Goals, particularly in Qatar. The study aims to investigate the role of Islamic social financing tools in achieving the SDGs 2030. Additionally, this study emphasizes the potential of these tools to aid global welfare, particularly since they play a crucial role as one of the main drivers for attaining the SDGs by 2030. Using the State of Qatar as a case study and data collected from 2019-2021, the study reveals that charitable funds have been utilized to address people in need and bridge gaps in their lives by implementing humanitarian and development projects worldwide. The study employed both qualitative and qualitative methodology to collect and analyze data on the vital role of Islamic social finance in facilitating the achievements of the United Nations' SDGs. The findings of this study are significant to stakeholders such as Qatar Red Crescent, NGOs, Qatar Charity, and international humanitarian aid organizations as they contribute to achieving the global developmental agenda and Sustainable Development Goals by 2030.