Islamic finance sustainability role in Bosnia and Herzegovina

• Main Author: Omercic, Jasmin
• Format: Article
• Language: English
• Published: Islamic Finance News 2023
• Subjects: BPH Islamic Economics; BPH72 Economic development. Growth. Sustainable development. Sustainability; BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development; BPK Islamic law. Shari'ah. Fiqh
• Online Access: http://irep.iium.edu.my/109145/1/109145_Islamic%20finance%20sustainability%20role.pdf; http://irep.iium.edu.my/109145/; https://www.islamicfinancenews.com/islamic-finance-sustainability-role-in-bosnia-and-herzegovina.html

Islamic financing is a major objective of the agenda of the SDGs globally which simply is at par with the Maqasid (higher objectives of Shariah) approach of the global Islamic banking and finance industry. It reflects the Islamic economic philosophy of entrepreneurship, assetbased development and value creation in the economy. Bosna Bank International (BBI) has maintained Islamic financing lines in Bosnia & Herzegovina (B&H) in collaboration with the Canton Sarajevo government for industry players up to more than RM5.1 million (US$1.07 million) per business at no cost.