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Islamic Finance System as a Catalyst for Sustainability in the Economy

In: Islamic Finance and Sustainable Development

Author

Listed:
  • Muhammet Yurtseven

    (Süleyman Demirel University)

  • Kamola Bayram

    (KTO Karatay University)

  • Tawfik Azrak

    (Social Sciences University of Ankara)

Abstract

“Sustainable Development” is a development model that can meet the needs of today's generations without sacrificing its ability to meet the needs of future generations. It has taken its place in the world’s agenda toward the end of the twentieth century and int became a worldwide implementation plan with the international agreements signed in the 1990s. Today, the most serious problems faced by people are income injustice and increase in poverty. During the rapid change process that began in the 1980s, the problem of income distribution was no longer perceived as an ordinary economic problem, but as a political and social problem. Economic and social policies implemented since the 1950s have not been able to solve the problems and have made many problems more apparent. In short, in today's world, an unbalanced structure has emerged, where financial prosperity is increasing and social welfare is gradually diminishing.

Suggested Citation

  • Muhammet Yurtseven & Kamola Bayram & Tawfik Azrak, 2021. "Islamic Finance System as a Catalyst for Sustainability in the Economy," Springer Books, in: M. Kabir Hassan & Mehmet Saraç & Ashraf Khan (ed.), Islamic Finance and Sustainable Development, chapter 0, pages 285-303, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-76016-8_12
    DOI: 10.1007/978-3-030-76016-8_12
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