doi: 10.18178/joebm.2026.14.3.928
Integrating Islamic Social Finance and Circular Economy: A Conceptual Framework for Achieving the SDGs
Tita Novita Sari
- Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia
- Manuscript received January 3, 2026
- accepted April 10, 2026
- published July 11, 2026
Abstract
This paper examines the integration of Islamic Social Finance (ZISWAF) with Circular Economy (CE) principles as a theory-driven approach to addressing poverty, inequality, and environmental degradation. Anchored in Stakeholder Theory and Sustainable Development Theory, the study employs a structured narrative literature review to synthesize recent developments in ZISWAF and CE and to identify opportunities for their convergence. The paper proposes a multi-stakeholder collaborative framework involving government, ZISWAF institutions, communities, and academia, illustrating how ZISWAF can mobilize ethical and financial capital to operationalize CE pathways of reduce, reuse, and recycle. The analysis highlights the potential contributions of this integration to key Sustainable Development Goals (SDGs), particularly those related to poverty reduction, food security, green employment, and responsible consumption. The study also identifies critical research gaps concerning stakeholder coordination, financing mechanisms, and empirical validation of integrated initiatives. Overall, the paper advances a conceptual foundation for faith-based circularity and offers strategic insights for policymakers and practitioners in emerging and Muslim-majority economies.
Keywords
- Islamic social finance
- ZISWAF
- circular economy
- Sustainable Development Goals (SDGs)
- sustainability
How to Cite
Tita Novita Sari, "Integrating Islamic Social Finance and Circular Economy: A Conceptual Framework for Achieving the SDGs," Journal of Economics, Business and Management, vol. 14, no. 3, pp. 156-160, 2026. https://doi.org/10.18178/joebm.2026.14.3.928
Copyright & License
Copyright © 2026 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).