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Palgrave Macmillan

Islamic Finance and Sustainable Development

A Sustainable Economic Framework for Muslim and Non-Muslim Countries

  • Book
  • © 2021

Overview

  • Provides a comprehensive understanding of Islamic finance in relation to SDGs

  • Includes discussion and analysis of the SDGs in the light of Islamic finance and proposed Islamic financial instruments and models

  • Incorporates empirical and data-driven studies in the context of some of the key/major Islamic economies?

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Table of contents (15 chapters)

  1. Islamic Finance and Sustainable Development Goals: Two Sides of the Same Coin

  2. Islamic Finance and Factors of Environmental, Social and Governance (ESG)

  3. Islamic Financial Institutions and Sustainable Development

Keywords

About this book

The book is a collection of chapters discussing the Sustainable Development Goals in the broader context of Islamic finance along with mapping the SDGs with Maqasid Al-Shariah. It provides a framework for both Muslim and non-Muslim countries to develop a sustainable economy which encompasses not only the concept of the welfare state but also supports development-related activities, ensures financial inclusion through equal distribution of wealth and alleviation of poverty, and protects the overall environmental and ecological system. More specifically, this book explores various aspects of Islamic finance in relation to parameters of SDGs; restructuring of Islamic finance and connecting its dots in the light of SDGs; Islamic perspective on ESG and ecological quality; interest-free tools and modernization of Islamic financial institutions for sustainable development and economic stability; and the role of Islamic finance in infrastructure-related development activities. Consistent with the view that SDGs are embedded within the theme of Islamic finance, this book is specifically designed to meet the needs of key regulatory institutions, academic scholars, and industry practitioners both in the field of Islamic finance and sustainable finance.ā€‹

Editors and Affiliations

  • Department of Economics and Finance, University of New Orleans, New Orleans, USA

    M. Kabir Hassan

  • Faculty of Economics, Department of Business Administration, Istanbul University, Istanbul, Turkey

    Mehmet SaraƧ

  • Institute of Business Administration Karachi, Karachi, Pakistan

    Ashraf Khan

About the editors

M. Kabir Hassan is a Professor of Finance in the Department of Economics and Finance at the University of New Orleans, USA, where he currently holds two endowed Chairsā€”Hibernia Professor of Economics and Finance and Bank One Professor in Business. He was the University of Louisiana Systemā€™s outstanding faculty member for 2019. Dr. Hassan is the winner of the 2016 Islamic Development Bank (IsDB) Prize in Islamic Banking and Finance.

 

Mehmet SaraƧ helped establish the Centre for Islamic Economics and Finance at Istanbul University and was the director until 2019. He currently teaches corporate finance, Islamic finance, capital markets and institutions, and other related courses. His recent publications are concentrated in Islamic economics and finance. He is also a member of advisory boards at several institutions including TĆ¼rkiye Emlak Participation Bank, International Council of Islamic Finance Educators (ICIFE), and Research Centre for Islamic Economics (IKAM). 

 

Ashraf Khan is an Assistant Professor of finance at the Institute of Business Administration Karachi, Pakistan. He received his PhD in Managerial and Actuarial Sciences from University of Udine, Italy, and double degree masterā€™s degree in finance from the University of Siena, Italy and University of Ljubljana, Slovenia. He has published several articles in internationally reputable journals such as International Review of Economics and FinanceResearch in International Business and FinanceGlobal Finance Journal, etc. He is also the Associate Editor of the Journal of Economic Cooperation and Development and the International Journal of Islamic and Middle Eastern Finance and Management.

Bibliographic Information

  • Book Title: Islamic Finance and Sustainable Development

  • Book Subtitle: A Sustainable Economic Framework for Muslim and Non-Muslim Countries

  • Editors: M. Kabir Hassan, Mehmet SaraƧ, Ashraf Khan

  • DOI: https://doi.org/10.1007/978-3-030-76016-8

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

  • Hardcover ISBN: 978-3-030-76015-1Published: 14 August 2021

  • Softcover ISBN: 978-3-030-76018-2Published: 15 August 2022

  • eBook ISBN: 978-3-030-76016-8Published: 13 August 2021

  • Edition Number: 1

  • Number of Pages: XXI, 386

  • Number of Illustrations: 14 b/w illustrations, 36 illustrations in colour

  • Topics: Development Economics, Sustainable Development, Islam

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