An analysis of the linkage between Islamic economics, sustainability, and Islamic financial system

Kaweesa, Yusuf and Rosman, Romzie (2025) An analysis of the linkage between Islamic economics, sustainability, and Islamic financial system. In: Islamic finance and sustainable development: balancing spirituality, values and profit. Taylor and Francis, London, pp. 78-90. ISBN 9781040318317

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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 SDGs.

Item Type:	Book Chapter
Uncontrolled Keywords:	Economics, Finance, Business, Industry, Global Development
Subjects:	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:	PROF. DR. ROMZIE ROSMAN
Date Deposited:	06 Jun 2025 08:51
Last Modified:	06 Jun 2025 09:38
URI:	http://irep.iium.edu.my/id/eprint/121366

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