Islamic Finance and Sustainable Development Goals in Bahrain

Islamic finance can be one of the critical drivers for the successful implementation of SDGs by 2030. The core principles of Islamic finance align highly with the sustainable development goals, especially Zakat and awqaf and Sukuk, which profoundly support SDGs. Islamic finance is considered a viable source to fill the funding gap in achieving SDGs through social micro-financing. Green Sukuk and other similar innovative Islamic products that alleviate SDG achievement are gaining global attention. In this paper, we have presented an overview of the Islamic perspectives on SDGs, the interrelationship between Islamic finance and SDGs, and how Islamic finance can promote achieving SDGs in the Kingdom of Bahrain. As a global leader in Islamic finance, the Kingdom of Bahrain is highly committed to the global sustainable development trends and is highly poised to achieve the target by 2030.