It is important that debt relief and debt concessions are afforded to them so that their fiscal bleeding does not compromise work and progress on SDGs. As focus shifts to growth to regenerate employment for those who lost employment after the emergence of COVID-19, it is pertinent to not lose focus of SDGs.
If an economy has 10 million people, then should the food be produced and distributed to the markets for all 10 million people? Most people would answer yes. It is because food […]
In the Islamic framework, there is an emphasis on conservation, preservation and responsible use of resources. There is a discouragement for excessiveness, extravagance, lavishness and wastefulness in the use of resources. These norms are especially needed in the present times to foster a healthy, livable and sustainable ecosystem. In 2019 alone, humans have used up resources for the whole year within 7 months according to World Economic Forum.
Sukuk issuance needs to be used in providing finance for diverse needs. Corporate issuances follow the trends in business cycles. Sovereign Sukuk for development finance can provide impetus to the Sukuk issuance in cyclical downturns. In addition to that, it can also provide long-term macroeconomic support to the governments and enterprises by building the infrastructure for tomorrow.