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Sustainable Finance and a Sharī’ Analysis of Environmental, Social and Governance (ESG) Criteria

In: Islamic Finance and Sustainable Development

Author

Listed:
  • Aminudin Ma’ruf

    (INCEIF)

  • Ziyaad Mahomed

    (INCEIF)

  • Shamsher Mohamad

    (INCEIF)

Abstract

Social and environmental issues have in the past decade contributed significantly to social inequality, poverty, corruption, loss of biodiversity, environmental degradation and climate change on a global scale. Addressing these issues have become very costly for affected countries and usually a trade-off for their national development budgets. One viable sustainable financing alternative for these social problems is using Islamic finance instruments, However, the focus of this chapter is to review the literature on environmental, social and governance (ESG) and Sharī’ah concepts to observe their common and divergence features, with the view to developing an Islamic ethical financial framework covering wider aspects in order to boost the performance of the Islamic financial industry. The objective is to assist society to secure better long-term sustainable prosperity, within the Islamic finance space.

Suggested Citation

  • Aminudin Ma’ruf & Ziyaad Mahomed & Shamsher Mohamad, 2021. "Sustainable Finance and a Sharī’ Analysis of Environmental, Social and Governance (ESG) Criteria," Springer Books, in: M. Kabir Hassan & Mehmet Saraç & Ashraf Khan (ed.), Islamic Finance and Sustainable Development, chapter 0, pages 193-217, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-76016-8_9
    DOI: 10.1007/978-3-030-76016-8_9
    as

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