Islamic Finance and Sustainability

Farhad Taghizadeh-Hesary is Associate Professor at Tokai University, Japan and co-founder of ISETS. Hassanudin Mohd Thas Thaker is Associate Professor of Financial Economics at International Islamic University Malaysia. M. Ishaq Bhatti is Professor of Financial Data Analytics at SP Jain School of Global Management and founding director of the Islamic Banking & Finance Program at Latrobe University. Mohamed Asmy Mohd Thas Thaker is Associate Professor at International Islamic University Malaysia and specializes in Economic Development, Islamic Economics, and Finance.

About the Editors

List of Contributors

Acknowledgement

Introductory Remarks

PART 1 PRE-REQUISITES PRINCIPLES ON GREEN FINANCE FOR SUSTAINABILITY: THE ROLE OF ISLAMIC FINANCE

1. Islamic Finance and its Role in Fostering Sustainable and Inclusive Economic Growth: A Bibliometric and Content Analysis

Hengchao Zhang, Rafia Afroz, Riasat Amin Imon & Kinan Salima

2. Fostering Green Islamic Financing through Innovation and Education: A literature review

Aidrina Sofiadin

3. Green Fintech Innovations in Islamic Banking: Opportunities and Challenges

Ali Usman Jibo

4. Principles of Sustainability in Islamic Finance

Shahida Shahimi & Siti Aisyah Zahari

PART 2 BUILDING ISLAMIC FINANCE SCHEMES FOR SUSTAINABLE GREEN FINANCE SYSTEM

5. Factors Influencing Purchasing of Green Islamic Bank Products: Arabic Term as the Moderator

Anwar Allah Pitchay, Lina Farhanah Mohd Saad, Yuvaraj Ganesan, Muhammad Shabir Shaharudin, Mohamed Asmy Mohd Thas Thaker & Hassanudin Mohd Thas Thaker

6. Green Sukuk and Musharakah-Based Contracts for Financing Agritech in Nigeria: Prospects and Challenges

Muhammad Rabiu Danlami & Lutfi Abdul Razak

7. Trailblazing Social Takaful Fund for Green Sustainability Project: A Case of Cyntok Batik Social Enterprise

Norazlina Abd Wahab, Nor Hayati Ahmad, Selamah Maamor, Mohamad Yazid Isa, Zairy Zainol & Wan Ahmad Najib Wan Ahamad Lotfi

8. Advancing a Just Transition – A Critical Analysis of Islamic Green Finance Policy Frameworks and Initiatives in Malaysia

Noor Suhaida Binti Kasri & Amnan Hanani Binti Badruddin

9. Housing Redevelopment Schemes (HRS): Islamic Green Finance Perspective

Ahmad Khaliq

10. Blockchain and Cryptocurrency Ecosystem: Balancing Innovation and Islamic Ethics for Sustainable Finance

Mohamed Aslam Akbar, Anaztasia Natasha Muhamad Ramlan, Anwar Allah Pitchay & Hairul Azlan Annuar

PART 3 ISLAMIC GREEN FINANCE AND ITS IMPACT ASSESSMENTS

11. Impact of Corporate Sustainability on Financial Performance: Insights from Malaysian Green Banks

Rachel Yeow Tze Ying, Shakil Ahammed, Mosharrof Hosen, Hassanudin Mohd Thas Thaker & Farhad Taghizadeh-Hesary

12. Relational Ramifications between Political Factors and Sukuk in Promoting Sustainable Forest Management

Milhatun Nisa & M. Luthfi Hamidi

13. Islamic Green Finance Risk Assessment and Mitigation for Banks in Pakistan

Maha Qasim, Aliza Aijaz & Noor Fatima Anwar

14. The Role of Islamic Stock Market in Filling the Green Finance Gap in Indonesia

Dwita Sakuntala, M. Shabri Abd. Majid & Aliasuddin, Suriani

15. Online Sustainability Disclosures of Top Islamic Higher Education Institutions

Ratna Mulyany, Arif Rahmansyah, Sara Yulis, Hafas Furqani, Bakhtiar Alrazi, Dayana Jalaludin Zuraida

16. Mitigating Financed Emissions in Financial Institutions Through Islamic and Green Finance

Saheed Olanrewaju Issa, Abdulkadri Toyin Alabi & Abdulbaki Teniola Ubandawaki

17. Global Green Bond and Sukuk Washing: Incentivizing Bad Behavior

Ziyaad Mahomed & Shamsher Mohamad

18. Bridging Biodiversity, Sustainability, and Social Impact with Sharia Insurance

Nur Halimatus Sakdiyah

PART 4 SUSTAINABILITY IN GREEN ISLAMIC FINANCE: A CLOSER LOOK AT SELECTED COUNTRIES’ EXPERIENCE

19. A Closer Look at Indonesia's Experience in Developing Green Sukuk

Muhammad Iqbal Balative, Eri Hariyanto, Athius Sholikhah & Ricky Gigih Prayoga

20. Sukuk and Sustainability: Exploring Green Financial Instruments and the Transition To Low-Carbon Economies

Hazik Mohamed

21. Towards a Sustainable Future: Evaluating Green Sukuk in Indonesia and the UAE

Maya Puspa Rahman, Khairunnisa Musari, Nun Maziyyah Mahsyar & Nurcan Killinc-Ata

22. Green Waqf and Sustainable Development: Cases in Malaysia and Indonesia

Jarita Duasa & Misbahul Munir