Professional Course

Islamic Finance for the Sustainable Development Goals

edX, Online
4 weeks
100 USD
Next course start
Start anytime See details
Self-paced Online
4 weeks
100 USD
Next course start
Start anytime See details
Self-paced Online
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Course description

Islamic Finance for the Sustainable Development Goals

Islamic Development Bank (IsDB), IsDB Science, Technology and Innovation (STI) Fund – Engage Platform, Islamic Development Bank Institute (IsDBI), Durham University Business School, UNDP Istanbul International Center for Private Sector in Development (IICPSD), and the United Nations Development Programme (UNDP) are pleased to provide this free Massive Open Online Course (MOOC) on “Islamic Finance for the Sustainable Development Goals.”

Positioning Islamic finance as broadly relevant to Sustainable Development Goals and not only a niche proposition, this course is the first of its kind designed for capacity building in order to engage development professionals and Islamic finance partners for leveraging this vital source for financing sustainable development.

From the resemblance of Islamic finance principles to the objectives outlined by the Sustainable Development Goals, to the potential of Islamic microfinance in socioeconomic empowerment; this course brings theory and practice together with the authoring and video lecturing contributions of 27 leading subject matter experts.

A certificate of completion only indicates the completion of the course. It does not imply proficiency in the subject matter, nor should it be seen as a professional certification.

The views expressed in this course are those of the instructors and do not necessarily represent those of the United Nations, including UNDP, or the UN Member States.

Upcoming start dates

1 start date available

Start anytime

  • Self-paced Online
  • Online
  • English

Who should attend?



Training content

Module 1 Introduction

Module 2 The Sustainable Development Goals and the Role of Islamic Finance

  • Lesson 1 The Sustainable Development Goals and Financing the 2030 Agenda
  • Lesson 2 Islamic Finance: An Ethical Proposition for Sustainable Development
  • Lesson 3 The Islamic Finance Principles and Their Link with the Sustainable Development Goals
  • Case Study An Interest-Free Microfinance Institution: Akhuwat Pakistan
  • Case Study Charity-Based Microfinance: Islamic Relief Worldwide

Module 3 Modes and Institutions of Islamic Finance

  • Lesson 1 Islamic Commercial Finance Instruments
  • Lesson 2 Islamic Social Finance Instruments and Institutions for Economic and Social Empowerment
  • Lesson 3 Islamic Social Finance: Unlocking the Potential in Humanitarian Crises
  • Lesson 4 The Governance Structure and Principles in Islamic Commercial and Social Finance Sectors
  • Case Study Integrating Sustainability into Banking: CIMB Malaysia
  • Case Study A Bank-Led Startup Accelerator: Albaraka Garaj
  • Case Study Channeling Microfinance Through a Commercial Bank: Islami Bank Bangladesh Limited (IBBL)
  • Case Study A Digitalized Islamic Cooperative Institution: KSPPS BMT Bahtera in Indonesia

Module 4 Impact Investing and Islamic Finance

  • Lesson 1 Financial Mechanisms for Private Sector Engagement in Sustainable Development
  • Lesson 2 Blending Islamic Finance and Impact Investing
  • Lesson 3 Impact Measurement and Management
  • Case Study Blending Islamic Finance and Impact Investing: The Global Islamic Finance and Impact Investing Platform (GIFIIP)

Module 5 Perspectives for Multilateral Organizations in Engaging with Islamic Finance

  • Lesson 1 Engaging with Islamic Finance Within the Policy Frameworks of Development Organizations
  • Lesson 2 Financial Development with Risk-Sharing: An Islamic Finance Framework
  • Lesson 3 Development Finance Framework and Infrastructure Institution: Islamic Development Bank (IsDB)
  • Case Study Unlocking Zakat to Help Communities: UNDP Indonesia
  • Case Study Activating Waqf for Sustainable Development: Awqaf Properties Investment Fund (APIF)
  • Case Study Pioneering Green Sukuk: The Technical Assistance of the World Bank in Malaysia
  • Case Study Pioneering Green Sukuk: The Technical Assistance of UNDP in Indonesia

Course delivery details

This course is offered through Islamic Development Bank Institute, a partner institute of EdX.

3-5 hours per week


  • Verified Track -$100
  • Audit Track - Free

Certification / Credits

What you'll learn

  • Understand the 2030 Agenda for Sustainable Development
  • Define the financing mechanisms for sustainable development and the Sustainable Development Goals
  • Acquire extended awareness and comfortable communication in Islamic finance, as well as enhanced understanding of Islamic finance principles and the requirements of Islamic finance partners
  • Build effective dialogue and partnerships within the global development community and Islamic finance stakeholders
  • Outline which program design and policy requirements may be needed to engage with Islamic finance
  • Identify projects and develop policies related to the Sustainable Development Goals that accommodate requirements pertaining to Islamic finance
  • Develop blended finance solutions combining Islamic social and commercial finance instruments with technology and innovation
  • Explore how Islamic finance instruments and institutions can be utilized to support the Sustainable Development Goals through real-world case studies

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