{"id":66617,"date":"2021-05-11T23:24:51","date_gmt":"2021-05-11T21:24:51","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=66617"},"modified":"2021-05-11T23:24:51","modified_gmt":"2021-05-11T21:24:51","slug":"un-isdb-launch-islamic-social-financing-initiative-to-attain-sdgs","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/un-isdb-launch-islamic-social-financing-initiative-to-attain-sdgs\/","title":{"rendered":"UN, IsDB launch Islamic social financing initiative to attain SDGs"},"content":{"rendered":"<div class=\"adn ads\" data-message-id=\"#msg-a:r-6374971239416675737\" data-legacy-message-id=\"1795d451e00fce79\">\n<div class=\"gs\">\n<div class=\"\">\n<div id=\":p3\" class=\"ii gt\">\n<div id=\":p2\" class=\"a3s aiL \">\n<div dir=\"ltr\">\n<p>The United Nations teamed up with the\u00a0Islamic Development Bank (IsDB) to launch Islamic social financing initiative to attain the <a href=\"https:\/\/www.csregypt.com\/en\/kuwait-fund-undp-team-up-to-back-countries-under-sdgs\/\">Sustainable Development Goals (SDGs)<\/a>.<\/p>\n<p>The International Dialogue on the Role of\u00a0<a href=\"https:\/\/stage.unescwa.org\/news\/international-dialogue-role-islamic-social-financing-achieving-sdgs\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/stage.unescwa.org\/news\/international-dialogue-role-islamic-social-financing-achieving-sdgs&amp;source=gmail&amp;ust=1620854040723000&amp;usg=AFQjCNH67E3_k6P-FLrKTOcHdGcU4jR19A\">Islamic Social Financing<\/a>\u00a0in Achieving the SDGs has the\u202fpotential to provide urgently needed support, including for economic recovery, pandemic response and sustainable development.<\/p>\n<p>\u201cStanding in solidarity with those in need, means exploring how Islamic social financing can support the pandemic response through the\u00a0<a title=\"ACT-Accelerator\" href=\"https:\/\/www.who.int\/initiatives\/act-accelerator\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.who.int\/initiatives\/act-accelerator&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNE1ybvL9v5idVb827DKro40VX8ZSQ\">ACT-Accelerator<\/a>\u00a0and its\u00a0<a title=\"COVAX facility\" href=\"https:\/\/www.who.int\/initiatives\/act-accelerator\/covax\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.who.int\/initiatives\/act-accelerator\/covax&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNE3TgR3rL6Aw-0OWBlVKqzaCOGgWQ\">COVAX Facility<\/a>, as well as other initiatives and vehicles to ensure equitable access to vaccines, diagnostics and therapeutics\u201d, Deputy Secretary-General Amina Mohammed\u00a0<a href=\"https:\/\/www.mtv.com.lb\/en\/News\/International\/1178991\/islamic-social-financing-to-support-efforts-to-recover-and-rebuild-from-covid-19-pandemic\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.mtv.com.lb\/en\/News\/International\/1178991\/islamic-social-financing-to-support-efforts-to-recover-and-rebuild-from-covid-19-pandemic&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNF7a-kFkoIJIN2PbW5Z2kL0xQWN8Q\">said<\/a>, in her opening statement at the high-level launch event.<\/p>\n<p>Despite modest progress compared to 2020, the latest UN global economic forecast published on Tuesday, has revealed that surging\u00a0<a title=\"Coronavirus disease (COVID-19)\" href=\"https:\/\/www.un.org\/coronavirus\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.un.org\/coronavirus&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNESPMrM3gVPjqL-5K6Fn6u6d1PfkA\">COVID-19<\/a>\u00a0cases, lagging vaccinations in poorer countries and widening inequalities, have dealt a major setback to the\u00a0<a title=\"Sustainable Development Goals\" href=\"https:\/\/www.un.org\/sustainabledevelopment\/sustainable-development-goals\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.un.org\/sustainabledevelopment\/sustainable-development-goals\/&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNFS7OHinIHsRgJNxVRFqzfkUd8Igg\">Sustainable Development Goals<\/a>\u00a0(<a href=\"https:\/\/sustainabledevelopment.un.org\/sdgs\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/sustainabledevelopment.un.org\/sdgs&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNFY28iNk9QcIrYCYGGvsI-876PGwg\">SDGs<\/a>).<\/p>\n<p>Meanwhile, the UN-backed\u00a0<a title=\"The vaccines\u202fpillar of the ACT-Accelerator\" href=\"https:\/\/www.who.int\/initiatives\/act-accelerator\/covax\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.who.int\/initiatives\/act-accelerator\/covax&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNE3TgR3rL6Aw-0OWBlVKqzaCOGgWQ\">COVAX<\/a>\u00a0initiative continues to be the world\u2019s only vaccine equity mechanism, to try and make sure developing countries don\u2019t get left behind.<\/p>\n<p>While COVAX has seen nearly 60 million COVID-19 vaccines shipped to more than 120 participating countries, it still needs $2.8 billion to end the acute phase of the pandemic by year\u2019s end.<\/p>\n<p>Islamic social financing, which operates on a faith-based principle of inclusivity and in line with the SDGs, remain a critical mechanism in promoting social trust, cooperation and solidarity in fighting poverty and hunger.<\/p>\n<p>This encompasses traditional instruments \u2013 including $300 billion in annual obligatory almsgiving or\u00a0<em>zakat<\/em>, charitable donations known as\u00a0<em>sadaqa<\/em>, and endowments called\u00a0<em>waqf\u00a0<\/em>\u2013 as well as microfinancing instruments \u2013 such as benevolent loans.<\/p>\n<p>\u201cAs we seek to overcome financial constraints, funding shortfalls and financing inequalities, we believe that Islamic social financing, itself built on the principles of fairness and justice, can open pathways to stimulate economic activity and promote social welfare, financial inclusion and shared prosperity\u201d, said\u00a0<a href=\"https:\/\/www.unescwa.org\/about-escwa\/executive-secretary\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.unescwa.org\/about-escwa\/executive-secretary&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNHVhkhQPiG9IpqBEgTMgaK4UUYI7w\">Rola Dashti<\/a>, Executive Secretary of the UN Economic and Social Commission for Western Asia (<a href=\"https:\/\/www.unescwa.org\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.unescwa.org\/&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNEz6OFa-FvOnaI7fOrYPbMZHudv_A\">ESCWA<\/a>).<\/p>\n<p>To foster a better understanding of both Islamic social financing and existing UN platforms, the UN Institute for Training and Research (UNITAR) will facilitate the International Dialogue through a series of virtual seminars.<\/p>\n<p>\u201cLaunching this dialogue during Ramadan, highlights the importance of helping those in need\u201d, said UN Special Adviser to the Secretary-General\u00a0<a href=\"https:\/\/www.unsgadviser.org\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.unsgadviser.org\/&amp;source=gmail&amp;ust=1620854040724000&amp;usg=AFQjCNHRZ60oMlFbyDadmcehSFAbrzF_Ag\">Ahmed Al Meraikhi<\/a>. \u201cNever has it been so important to come together in solidarity to achieve the SDGs and alleviate the impacts of the COVID-19 pandemic\u201d.<\/p>\n<p>Running until November, Islamic social financing institutions, scholars and experts, are likely to join others in the international humanitarian and development system to take part in an extended conversation.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The United Nations teamed up with the\u00a0Islamic Development Bank (IsDB) to launch Islamic social financing initiative to attain the Sustainable Development Goals (SDGs). The International Dialogue on the Role of\u00a0Islamic Social Financing\u00a0in Achieving the SDGs has the\u202fpotential to provide urgently needed support, including for economic recovery, pandemic response and sustainable development. \u201cStanding in solidarity with [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":66620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[10502,6984,8304],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UN, IsDB launch Islamic social financing initiative to attain SDGs - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The UN teamed up with the (IsDB) to launch Islamic social financing initiative to attain the Sustainable Development Goals (SDGs).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/un-isdb-launch-islamic-social-financing-initiative-to-attain-sdgs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UN, IsDB launch Islamic social financing initiative to attain SDGs - 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