THE ROLE OF ISLAMIC SOCIAL FINANCE IN ACHIEVING SDG NUMBER 2: END HUNGER, ACHIEVE FOOD SECURITY AND IMPROVED NUTRITION AND PROMOTE SUSTAINABLE AGRICULTURE
Keywords:Islamic Social Finance, Food Security, SDGs, Iḥyā’ al-Mawat, Agriculture
This study aims to explore the role of Islamic social finance in achieving the Sustainable Development Goals (SDGs), particularly goal number two, “end hunger, achieve food security and improved nutrition and promote sustainable agriculture”. Three Islamic social finance tools namely infāq, waqf and zakāt are discussed together with Iḥyā’ al-Mawāt and al-Iqṭāʽ. The findings show that infāq, waqf and zakāt are excellent alternative philanthropies’ fund to cover the USD2.5 trillion annual average global SDG’s investment gap. Establishing and funding state-of-the-art research laboratory, end hunger, improved nutrition and achieve food security from the short and medium-term targets are the main area for fund utilization. Meanwhile, expanding quality agricultural land through Iḥyā’ al-Mawat and al-Iqṭāʽ can be the best alternative to achieve the long-term target i.e. sustainable agriculture. This study also recommends countries not to work individually but together regionally or internationally in achieving the goal, especially for developing and least developed countries.