Islamic sustainable finance: experiences of African countries

Zakariyah, Habeebullah and Mahadi, Nur Farhah and Umar A., Muhammad and Remi, Yakub Alim (2024) Islamic sustainable finance: experiences of African countries. In: Islamic Finance and Sustainable Development: A Global Framework for Achieving Sustainable Impact Finance. Islamic Business and Finance Series . Routledge, New York, pp. 15-23. ISBN 978-1-032-74307-3

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Abstract

This study provides an overview of Islamic sustainable finance (ISF) and its current practice in Africa, documenting that one of the objectives of Islamic sustainable finance is to help improve the economic development of a country as well as the well-being of the community. Additionally, it is discovered that the most suitable and relevant instruments in the ISF space are waqf, zakat, microfinance, and sukuk, among others. Furthermore, policies related to sustainable Islamic finance are expected to be optimized by regulators to reduce poverty, maintain environmental sustainability, and increase economic growth. This study suggests that other ISF instruments for sustainable development are to be discussed in future research in the context of African nations.

Item Type:	Book Chapter
Uncontrolled Keywords:	Islamic Finance, Sustainable, African Countries, Islamic social Finance
Subjects:	BPH Islamic Economics > BPH531 Zakat BPH Islamic Economics > BPH741 Waqf H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	DR HABEEBULLAH ZAKARIYAH
Date Deposited:	29 Nov 2024 16:16
Last Modified:	05 Dec 2024 12:19
URI:	http://irep.iium.edu.my/id/eprint/116153

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