Sustainable Islamic Finance

This study aims to evaluate risk and return characteristics of Islamic funds in comparison with SRI and investigate the possible synergies between the two in the light of the SDGs. The study also compares the financial performance of Islamic funds with conventional funds and Islamic market benchmarks. The analysis was carried out using the absolute and risk-adjusted-performance evaluation techniques based on data collected from 11 countries distributed in four geographical regions.

Islamic finance is considered as an alternative moral and ethical based finance. Its principles, known as the “Islamic finance pillars” offer an alternative for investors seeking more ethical use of their funds. Since its early inception in 1970s, the industry developed significantly with an annual two-digit growth of 15 to 20% and an expansion beyond traditional markets. However, this growth has not benefited much to the social and environmental developments.

The climate change challenge and the growth of the Islamic finance industry, together with the increase in socially responsible investing, could position green sukuk as a key instrument for financing clean energy and resilient infrastructure projects as well as shorter-term energy efficiency projects.

Sharī‘ah covers all aspects of human dealings, including Islamic financial law and its Fiqh nominated contracts, essentially the basis for all Islamic banking and finance transactions.

This paper studies the local perspective on innovation and entrepreneurship in the resource-based state of Qatar. The effective utilization of abundant natural resources (oil and gas) have propelled the country’s rapid economic development over the last four decades. However, accelerating decarbonization efforts of the global energy system due to climate change put the future value of these hydrocarbon resources into doubt and hence the country’s revenue streams from international trade.

The paradigm of Islamic economics and finance is guided by the motivation of comprehensive human development (CHD) and its preservation as manifested in the objectives of Sharīʿah (maqāṣid al-Sharīʿah). However, the real world free-market economies are driven by the linear economy paradigm under the influence of Hotelling’s 1931 famous work concerning the economics of exploiting natural resources, in which, the ecological environment is not recognized as a resource. The global financial architecture is designed to protect and preserve the linear economic paradigm.

This paper examines different dimensions of invaluable judicial support to Islamic financial services and products, and identifies specific areas where the judiciary has helped to shape the industry in line with the original value proposition of Islamic financial intermediation. While relying on qualitative legal methods with comparative case analysis from different jurisdictions, this study conducts cross-jurisdiction case analyses and identifies the role of the judiciary in introducing sustainable practices.

Featuring high-level analysis of Islamic law, this book examines fintech in Islamic finance from both theoretical and empirical perspectives. Whilst building on existing approaches, it also discusses the current application of fintech in promoting financial inclusion through innovative solutions in

The adoption of the 2030 sustainable development goals (SDGs) by the UN member nations is of great importance. These goals seek to ensure that no single individual is left behind, and everyone is carried along. Key to achieving these goals is to ensure the availability of data and skills necessary for interpreting such data. Paucity of data is a major issue faced by several developing countries towards achieving the sustainable developing goals. Non-traditional data sources can augment and compliment the traditional data sources in planning and monitoring the implementation of the SDGs.

The money supply is considered a major factor in tampering with financial and economic stability. The international experience of liberal monetary systems has shown that the increase in money supply through credit creation plays the most serious role in disrupting financial and economic stability. That was particularly true in the most disruptive crises of 1929 and 2008.