Islamic finance and net zero: the need for sustainability taxonomies

Mohd Thas Thaker, Hassanudin and Hesary, Farhad Taghizadeh (2025) Islamic finance and net zero: the need for sustainability taxonomies. Policy Paper. Climate Finance Asia.

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Abstract

As climate extremes intensify, mobilizing new sources of sustainable finance is urgent. With the Islamic finance industry projected to reach USD 9.75 trillion by 2029, it can play a vital role in closing the climate finance gap. This policy brief highlights the importance of developing unified sustainability taxonomies across Islamic countries to ensure consistency, transparency, and investor confidence. Clear frameworks will enable Green Sukuk and other instruments to better support the transition to a low-carbon, resilient future.

Item Type:	Monograph (Policy Paper)
Additional Information:	CF Asia Policy Brief No. 25-04
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Hassanudin Mohd Thas Thaker
Date Deposited:	22 Aug 2025 08:34
Last Modified:	22 Aug 2025 08:34
URI:	http://irep.iium.edu.my/id/eprint/122884

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