The role of Islamic banks in achieving sustainable development
Keywords:
contribute, Islamic banks, national economy, sustainable development, United Arab EmiratesAbstract
The study aims to evaluate the role of Islamic banks in achieving sustainable development for the national Islamic economy by analyzing the broad framework of sustainable development in the Islamic economy and its mechanisms. The study also aims to explain the reality of Islamic banks in the United Arab Emirates, their indicators of performance, and the most important challenges thereof. The problem of the study is that the public is not aware of the role of UAE Islamic banks in achieving sustainable development for the national Islamic economy. The researcher uses the descriptive and analytical research method, in addition to using the comparative approach. The study concludes with several findings and recommendations, the most important findings are: the UAE legislator has kept pace with developments within the framework of sustainable development that meets the needs of the present generation without sacrificing or compromising the ability of future generations to meet their needs. The study concludes that Islamic banks contribute to achieving sustainable development at the social level by collecting zakat and distributing it to those who are entitled to it, providing good loans, and undertaking various social activities.
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