Author(s): Amar Taleb,Samir Salhaoui, Adil Argabi & Tarek Khater
Through this research paper, we aimed to discuss the role of Islamic finance structures that are intrinsically asset-backed in unlocking the financial resources needed to enhance investment, highlighting, in a general way, the development seen by the Islamic finance industry on a global scale. In addition to analyzing the strengths and weaknesses to determine the contribution of Islamic financial institutions to environmental, social and economic issues, and diagnosing the reality and prospects of the Islamic financial industry in the economies of countries in the Middle East region, in particular. Although the nature of the relationship between Islamic finance and sustainable development goals has been clarified, with evidence of the evolving size of the contribution, estimates indicate that the Islamic finance industry will move towards more sustainable development. We have also concluded that the contribution of Islamic finance to the economies of these countries is effective and significant.