Islamic Sustainable Finance

Policy, Risk and Regulation
1. Auflage 2024
ISBN: 978-1-03-249784-6
Verlag: Taylor & Francis Ltd

Buch, Englisch, 254 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 630 g

Reihe: Islamic Business and Finance Series

The central idea of sustainability in the modern world is intricate and ever-changing. Closely related to the realm of finance and socioeconomic discussion, the phrase “sustainable impact finance” has become increasingly popular among bankers, practitioners, financial analysts, investors and the relevant experts seeking an impactful connection between the best financing mechanisms or tools and sustainable development related investments or projects.

This book opens up the discussion by offering a Shari’ah-compliance perspective. It is a primer on how Islam addresses and offers solutions to the challenges facing us within the spirit of maqasid al-Shari’ah, among others, in tackling poverty, food supply, health and well-being, quality education, reducing inequalities, responsible consumption and production and climate action. It discusses the connection between Islamic sustainable finance and the Sustainable Development Goals (SDGs) and explains the strategic action-plan of Islamic banks towards achieving Islamic sustainable finance.

The book considers the relevant policies and regulations, evaluating the role of regulators, discussing jurisprudential solutions and focusing on the role of Islamic banking standards in relation to Islamic sustainable finance. Further, it explores the issue of risk mitigation and the effective role of Takaful. It presents a practical case study from the banking industry in Malaysia, which evaluates the carbon footprint of bank loans and climate change risk mitigation. Finally, it highlights sustainable finance innovations in an Islamic concept.

The book will appeal to advanced students, researchers and scholars of Islamic banking and finance, as well as those concerned with environmental social governance and Sustainable Development Goals research. Regulators, policy makers and Shari’ah-compliant practitioners will also find it to be a useful guide.

Zielgruppe

Postgraduate

Autoren/Hrsg.

Billah, Mohd Ma'Sum

Zain, Nor Razinah Mohd

Hassan, Rusni

Haron, Razali

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

Introduction Part I Islamic Sustainable Finance: An Overview 1. Islamic Sustainable Finance Paradigm 2. Islamic Sustainable Finance Towards SDGs 3. ESG in Islamic Sustainable Finance 4. Strategic Action-Plan of Islamic Banks Towards Sustainable Finance 5. SDGs and VBI: A META Analysis from Islamic Finance Perspective 6. Islamic Sustainable Finance: How Does VBI Facilitate? 7. ESG, Derivatives and Islamic Financial Sustainability Part II Islamic Sustainable Finance: Policies and Regulations 8. Islamic Sustainable Finance: The Role of Regulators 9. Islamic Sustainable Finance and Its Jurisprudential Solutions 10. Islamic Sustainable Finance: The Role of Islamic Banking Standards Part III Islamic Sustainable Finance: Risk Mitigation 11. Risk Mitigation of Sustainable Finance and the Effective Role of Takaful 12. Carbon Footprint of Bank Loans and Climate Change Risk Mitigation: An Experience of Banking Industry in Malaysia Part IV Islamic Sustainable Finance Innovations 13. Maqasid al-Shari’ah of Zakat Towards Sustainable Economy 14. Sustainable Finance: How Does Zakat Management Matter? 15. Literature Review on Islamic Crowdfunding 16. Feasibility of Cash Waqf in Enhancing Climate Change Mitigation and Adaptation in Malaysia: A Regulatory Analysis 17. Sustainability in Empowering Mumpreneurs through Islamic Social Finance 18. Sukuk-Led Sustainable Microfinance

Über Autor(innen)

Mohd Ma’Sum Billah is Senior Professor of Finance at the Islamic Economics Institute, King Abdul Aziz University, Kingdom of Saudi Arabia.

Rusni Hassan is Professor of Finance and the Dean at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia.

Razali Haron is Associate Professor of Finance at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia.

Nor Razinah Mohd Zain is Assistant Professor of Law at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia.