How Maqasid Al-Shariah lead to Sustainable Development Goals (SDGs) Achievement?

Abstract

This empirical study comprised the objective to achieve the sustainable development goals (SDGs) and construct the green financing term as the intermediating role with the preservation of maqasid al shariah parameter that are fully categorized in perspective of Islamic banking thoughts. The main purpose is to emphasize how these parameters affect the SDGs with admiration for the previous literature. Moreover, in view of the environment and social impacts by enhancing the green investment opportunities as well as increasing financial literacy toward the green investment. The sample of data was collected from the 5 Islamic bank’s employes by using the smart PLS software to examine the purpose of study-initiated variables with PLS-SEM and sought to the assessment model analysis. This study inspection’s finding derives out the positive and significant impacts of all maqasaid al shariah parameters (except preserving faith with the mediating role of green financing (GF), preserving wealth (PW) and human self (PHS) on the SDGs. Hence, findings highlighted that there is no direct impact of faith (PF), wealth (PW), human self (PHS) preservations in the attainment of SDGs with mediation of the green financing (GF).