Islamic Finance and Sustainability

This book offers a comprehensive overview of Islamic finance and sustainability, showcasing how Islamic financial instruments can support environmentally sustainable initiatives.

It delves into recent efforts to develop a Shariah-compliant financial and banking system that is sustainable, efficient, and stable. Contributors focus on Islamic financial products and tools, highlighting their potential to advance environmental sustainability. The discussions are organized around key themes, including the principles of sustainability in Islamic finance, risk assessment and mitigation, the Islamic stock market and sustainability, Green Fintech in Islamic banking and finance, and Green Sukuk in developing and emerging markets. The book addresses how Islamic finance can bridge the gap in green financing globally. Particular emphasis is placed on Green Sukuk, a Shariah-compliant bond created to fund environmentally sustainable projects, including those aimed at combating climate change and promoting ecological conservation.

This comprehensive volume on Islamic finance and sustainability will be invaluable for policymakers, researchers, and academics interested in Islamic economics and finance, sustainable finance, and the green economy.

Farhad Taghizadeh- Hesary an Associate Professor at the Tokai University Research Institute for Environment and Sustainability (TRIES) in Japan, Chief Economist of Climate Finance Asia, and Vice President and Co- founder of the International Society for Energy Transition Studies (ISETS).

Hassanudin Mohd Thas Thaker is an Associate Professor of Financial Economics at International Islamic University Malaysia.

M. Ishaq Bhatti is a Professor of Financial Data Analytics at SP Jain School of Global Management and the founding director of the Islamic Banking & Finance Program at Latrobe University. School of Business and Economics, Universiti Brunei Darussalam, BruneiLa Trobe Business School, La Trobe University, Melbourne, Australia.

Mohamed Asmy Mohd Thas Thaker is an Associate Professor at International Islamic University Malaysia and specializes in Economic Development, Islamic Economics, and Finance.