Islamic finance and the pursuit of sustainable prosperity / edited by Syed Nazim Ali (Director, Research Division, College of Islamic Studies, Hamad Bin Khalifa University, Doha, Qatar), Umar A. Oseni (Secretary General, Organisation of Islamic Cooperation Arbitration Centre, Istanbul, Turkey), Zul Hakim Bin Jumat (Islamic Wealth Specialist, Community Financial Services - Islamic Wealth Management, Maybank Singapore Ltd, Singapore).

Format:

Book

Contributor:

Ali, Syed Nazim, editor.

Oseni, Umar A., editor.

Bin Jumat, Zul Hakim, editor.

Edward Elgar Publishing, publisher.

Series:

Studies in Islamic finance, accounting and governance

Studies in Islamic finance, accounting and governance series

Language:

English

Subjects (All):

Finance--Religious aspects--Islam.

Finance.

Sustainable development--Religious aspects--Islam.

Sustainable development.

Genre:

Electronic books.

Physical Description:

1 online resource (386 pages)

Edition:

First edition.

Place of Publication:

Northampton : Edward Elgar Publishing, 2025.

Summary:

"In this illuminating book, esteemed scholars examine how Islamic finance, guided by strong ethical and moral principles, can help to create a more just and sustainable global economy. The book argues that Islamic finance, which is rooted in social justice and responsibility, holds the potential to provide inclusive, forward-looking financial models. Multidisciplinary chapters integrate perspectives from economics, finance, and environmental studies to emphasize how Islamic finance can uphold ethical values and promote economic growth. The book combines Islamic values with novel financial solutions to address urgent challenges such as climate change, social welfare, and economic inequalities. It includes practical case studies to demonstrate applications in small and medium-sized enterprise financing as well as for microfinancing in conflict zones, and details innovative financial tools such as sukuk and debt alternatives. Ultimately, it concludes that embracing sustainability, ethical governance, and emerging technologies can strengthen Islamic finance's role in shaping a prosperous future. Bridging the gap between theory and practice on how environmental, social, and governance challenges intersect with sustainability in finance, this book is an invaluable resource for scholars and students of Islamic economics and finance. Industry experts, policymakers, regulators, and professionals in Islamic finance and sustainability will also benefit from its actionable insights"-- Provided by publisher.

Contents:

Contents: Preface / Syed Nazim Ali

Part I: Introduction

1. Islamic finance and the pursuit of sustainable prosperity: An Introduction / Umar A. Oseni

Part II: Evolving ethical narratives: Islamic finance in a sustainable world

2. Sustainability, regenerative, and humane transition: Role of Islamic finance / Tariqullah Khan

3. Ethics and economics: Meaningful axiological discourse of Islamic economics / Hafas Furqani, Mohammad Arifin and Mohamed Aslam Mohamed Haneef

4. Embracing ethical consumption: Integrating Islamic values and minimalism for sustainable lifestyles / Mohamed Aslam Akbar

5. Fintech and the ethical dimensions of money creation in the age of hard forks / Mohammed Khaiata and Abdulazeem Abozaid

Part III: Islamic finance and sustainable development

6. Leaving no one behind: Sustainable development through the lens of Islamic finance products and services / Umar A. Oseni

7. Esg adjustment in country risk premium in sovereign sukuk / Salman Ahmed

8. The impact of aid for trade and institutional quality on green GDP in OIC countries / Zakaria Lacheheb and Sumia Faisal Abdulkadir

9. Climate footprints of gcc's economic sectors and the role of Islamic finance in building a sustainable future / Imene Tabet

Part IV: Case studies and empirical dimensions of sustainable strategies and dynamics

10. Assessing consumer participation in the circular economy: A study of education, awareness, and pro-environmental behavior in qatar / Nasim Shah Shirazi, Syed Nazim Ali and Bushra Faizi

11. Unveiling the puzzle of Islamic economics and finance, behavioral economics and experimental studies: An exploration from a gift-exchange game experiment / Azizon

12. Sustainable alternatives to tawarruq-based debt financing for smes in Malaysia / Phei Wen Ooi and Obiyathulla Ismath Bacha

13. Exploring the sustainable business model components of Islamic banking in Malaysia / Norbihan Mohammad, Nurhafiza Abdul Kader Malimand Normalini Md Kassim

14. Sustainable investing and corporate performance: Evidence from shariah-compliant companies in Malaysia / Norashikin Ismail, Farha Ghapar, Mohamad Azwan Md Isa, Ruziah A. Latifand Yuslizawati Mohd Yusoff

15. On the dynamic links between commodities and Islamic equities: An extended analysis / Ruslan Nagayev, Mustafa Disli and Edib Smolo.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781035349685 (e-book)

Access Restriction:

Restricted for use by site license.