Islamic finance and sustainable development: balancing spirituality, values and profit

Mohd Israil, Khaliq Ahmad and Abdelaziz, Berghout, eds. (2025) Islamic finance and sustainable development: balancing spirituality, values and profit. Islamic Business and Finance Series . Routledge, Taylor & Francis Group, London, United Kingdom. ISBN 978-1-032-80382-1

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Abstract

This book uncovers a new dimension in the study of sustainability, offering balanced development from a spiritual and cultural values perspective. The authors of this edited volume investigate the role of religion in the debate concerning the Sustainable Development Goals (SDGs) and offer an Islamic perspective to environment, social and governance (ESG) issues. Applying a multidimensional approach to socio-economic development, this book contends that Islam offers a unique perspective and framework for sustainable development that is holistic and rooted in spirituality, morality and ethics. For example, the book explains how Islam lays emphasis on human talents development (SDGs 3 and 4), which is a key element in accelerating socio-economic growth (SDG-8). It also offers a wide range of social financial tools such as Zakat and Waqf that can be used to address SDGs 1 (poverty), 2 (hunger), 5 (gender equality) and 10 (reducing inequality). Islamic finance offers a number of tools for long-term financing such as sukuk that can masterfully be used for building sustainable infrastructure (SDG- 9). The study also reviews some Islamic principles from the Holy Qur’an that can positively impact SDGs. Students, scholars, and researchers in the fields of Islamic economics and finance, sustainable development, and socio- economic and environmental issues will find the book a valuable resource.

Item Type:	Book
Additional Information:	10810/119959
Uncontrolled Keywords:	Islamic finance, sustainable development, the Sustainable Development Goals (SDGs)
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	International Institute of Islamic Thought and Civilization (ISTAC) Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Depositing User:	Professor Khaliq Ahmad
Date Deposited:	05 Mar 2025 15:12
Last Modified:	05 Mar 2025 15:45
URI:	http://irep.iium.edu.my/id/eprint/119959

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