Report and Findings of the 5th International Conference on Islamic Business (ICIB-2021), Islamic Finance: The Need and Prospects of Moving to Social Finance February 27th, 2021

Muhammad Ayub, Zeeshan Ghafoor, Ikram Ullah and Nabeel Nasir
Published Online: June 2021
Abstract

The theme of 5th International Conference on Islamic Business (ICIB-2021) was, "Moving to social, ethical and responsible finance by the Islamic banking and finance institutions (IBFIs)". This online conference was held on February 27th, 2021, and was conducted through ZOOM. In the backdrop of the failure of the MDGs, the United Nations moved to Value-based Intermediation (VBI) and social finance with sustainable development goals (SDGs). The UN’s 2030 agenda seeks to achieve 17 vital SDGs and 169 specific targets, encompassing the social, economic, and environmental dimensions of development. The SDGs’ agenda for human dignity and to leave no one behind is certainly in line with the principles and objectives of development from the Islamic perspective. The inaugural session of the conference started at 9:00 am on 27th February 2021 with the recitation the holy Qur’¯an.


Keywords

Report, Findings, International Conference, Islamic Business, Islamic Finance, Need, Prospects, Social Finance