Islamic Finance, Sustainability and Innovation
Shaping the Future
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- Description
- Contents
- About
The global financial sector is experiencing rapid technological disruption, while simultaneously facing pressure to meet sustainability goals in accordance with the UN’s Sustainable Development Goals (SDGs).
Global financial systems are undergoing unprecedented changes driven by rapid technological advancements, environmental challenges, and evolving socio-economic dynamics. Islamic finance, rooted in Shariah principles emphasizing fairness, risk-sharing, and ethical investment, offers a unique framework to address these challenges. However, the integration of innovation and sustainability within the Islamic finance ecosystem has not been fully explored, leaving significant gaps in both academic literature and industry practice.
The research here bridges the gap between Islamic finance and emerging trends in innovation and sustainability. By synthesizing insights from diverse fields, including fintech, halal economy, environmental finance, and digital transformation, it provides a multi-disciplinary perspective. In addition, analyses of case studies, empirical data, and theoretical frameworks highlight best practices and innovative models that can be scaled and replicated across the Islamic finance ecosystem.
Emerald Studies in Islamic Economy and Finance (ESIEF) is a ground-breaking series published by Emerald Publishing dedicated to advancing the knowledge and understanding of Islamic economics and finance. In an era where the global economic landscape is constantly evolving this will series seeks to contribute significantly to the academic discourse surrounding Islamic economy and finance building on the rich heritage of Islamic economic thought while embracing contemporary perspectives and challenges. The series also committed to strengthening rigorous academic inquiry promoting scholarly collaboration and ultimately enriching the understanding of Islamic economics and finance in the global context.
Section 1. Digital Innovation and Technology in Islamic Finance
- Chapter 1. Understanding the Digital Preparedness and Adoption Amongst Qatari Banks: From Bankers’ Perspective; Abdurahman J, Ala’ Azmi Masoud Abumughli, and Ahmet Faruk Aysan
- Chapter 2. Digital Innovation Capabilities and Islamic Social Finance Sustainability; Shukurat Moronke Bello and Saifullah Adam Bayero
- Chapter 3. AI Insight into Islamic Finance: GPT Chatbots and the Shaping of Financial Narratives; Sahibzada Muhammad Hamza and Ahmet Faruk Aysan
- Chapter 4. Exploring FGN Sukuk as an Alternative and Sustainable Financing Option: A Case Study of Infrastructural Development in Nigeria; Abdul Ibrahim
- Chapter 5. Analyzing the Use of AI Tools in Scholarly Writing Among Islamic Finance and Other Academic Disciplines: A Case Study from the College of Islamic Studies, HBKU; Muslehuddin Musab Mohammed and Syed Nazim Ali
- Section 2. Islamic Finance and Social Development/Sustainable Development Goals (SDGs)
- Chapter 6. Towards the Realisation of Good Health (SDG-3)-Related Maqāṣid Al-Sharī͗ah Through Waqf: Lessons for Nigerian Universities from USIM’S Experience; Isa Olawale Solahudeen
- Chapter 7. The Impact of Islamic Finance on Social Equity and Poverty Alleviation; Ahmed bk
- Chapter 8. The Welfare of Amil: Does It Need Greater Attention in Zakat Management?; Shinta Lintang Nurillah, Yan Putra Timur, and Achsania Hendratmi
- Chapter 9. The Circular Economy and Sustainable Development in Africa: Islamic Finance and the Transformation of the Rice Value Chain in The Gambia; Fatou Badjie and Karamo Sawaneh
- Chapter 10. Muslim Women and Zakat: Empowerment through Islamic Social Welfare and Finance; Zainab Farhat and Ismael Ahmed
- Section 3. Islamic Finance Instruments, Institutionalization, and Models
- Chapter 11. Projecting the Impact of Financial Inclusion and Islamic Financing on Poverty Alleviation: Insights from Indonesia; M. Fikri Himmawan
- Chapter 12. The Institutionalization of Islamic Finance: Historical Context, Current Developments, and Future Directions; Ahmet Faruk Aysan and Ibrahim Musa Unal
- Chapter 13. Enhanced Musharakah Mutanaqisah (EMM) Home Financing: A True Partnership-Based Home Financing Model; Alam Asadov
- Chapter 14. A Fiqh Analysis of Mainstream Fatwas Prohibiting Bitcoin; Essa Al-Mansouri
- Chapter 15. Empowering Social Welfare Through Zakatech: A Meta-Analysis of Drivers Behind Digital Zakat Adoption; Shatheish Maniam and Muhammad Bilal Zafar
Ahmet Faruk Aysan is a professor and associate dean of research at Hamad Bin Khalifa University. He has been elected as a full Turkish Academy of Sciences (TUBA) member. He has been the Board Member and Monetary Policy Committee Member of the Central Bank of Turkiye and served as a consultant at various institutions such as the World Bank, the Central Bank of the Republic of Turkey, and Oxford Analytica.
Syed Nazim Ali is Director of the Research Division and the Center for Islamic Economics and Finance at the College of Islamic Studies, Hamad Bin Khalifa University. Previously, he served as the founding director of the Islamic Finance Program. For three decades, Dr. Ali has led pioneering interdisciplinary research in Islamic finance, faith-based finance, and community development.
Abdurahman Jemal Yesuf is an educator, researcher, and advocate of Islamic finance with over 15 years of academic, research, and industry experience in Ethiopia, Turkey, and Qatar. He has served as a consultant, trainer, and assistant professor of Islamic finance, as well as a research fellow at Qatar University and a post-doctoral researcher at Hamad Bin Khalifa University.
Muhammad Fazlurrahman Syarif earned his Ph.D. in Islamic Finance and Economy at Hamad bin Khalifa University, supported by a full Qatar Foundation scholarship. Syarif's research interests include fintech, sentiment analysis, social media credit scoring, chatbots, crowdfunding, CBDCs, blockchain, halal economy, sukuk and e-learning. He began his career in Islamic Banking and Finance after completing his MBA in Islamic Banking and Finance at Bangor University and attending Durham Islamic Finance Summer School at Durham University in the United Kingdom. He has been awarded by Qatar Research, Development, and Innovation Council in the Rising Innovators Award at Web Summit Qatar.