Islamic banking is a financial structure based on Islamic law (Sharia law) and driven by Islamic economics. The Islamic
financial system, which offers alternative funding sources, is supported by four major pillars: the Islamic banking system, the
Islamic money market, Islamic insurance, or takaful, and the Islamic capital market. On the other hand, social banks are founded
on using financial services to “create a positive impact on the society and the environment; respectively, customers see Islamic
banks, depositors, and the broader community as having a social as well as an economic role. In this respect, the main pillars
of the United Nations Sustainable Development Goals (SDGs) include ending poverty and promoting sustainable development.
This paper will investigate the similarities between Islamic and social banks. Furthermore, this research will highlight the
contribution of the two banks toward achieving the UN Sustainable Development Goals (SDGs).