The proliferation of energy, agricultural, water and food insecurity can be attributed to a multitude of factors, including advancements in technology that have facilitated the technical and economic utilization of energy and water resources, environmental degradation, climate anomalies, mounting pressure on water resources due to escalating demand, and surging energy requirements. These challenges have been addressed from multiple perspectives, ranging from Islamic social finance to large scale project finance. Large corporations are also involved in tackling the environmental impact of climate change or operating in water stressed regions. This book argues, however, that there is little value to be gained from this activity when sustainability initiatives and frameworks are not being measured.
The book surveys Islamic finance and sustainability theories, setting the stage to detail the actual work of businesses, banks, non-governmental organizations (NGOs), and multilateral agencies addressing water, food and energy insecurity. It examines case studies, which cover diverse aspects of sustainability, mostly, in the context of fragile economic and ecological situations, and discusses practical cases from an Islamic perspective, in which local and regional problems are addressed. An important feature of the book is the description of how Islamic social finance builds pathways to scale for the mobilization of funds as well as the expansion of sustainable ventures. Further, the unique issues of carbon markets are explored from the perspective of Shariah compliance as well as managing adverse events. The cases present replicable, scalable solutions. These unique stories align theory to reality and sometimes, they highlight the shortfalls in the theory.
The cases allow researchers, academics and policy makers an opportunity to examine the effectiveness of theories and policies opposite real-life experiences and also give business and NGO leaders clear examples to follow.
Edited by:
Abdulkader Thomas Imprint: Routledge Country of Publication: United Kingdom Dimensions:
Height: 234mm,
Width: 156mm,
Weight: 453g ISBN:9781032856452 ISBN 10: 1032856459 Series:Islamic Business and Finance Series Pages: 232 Publication Date:23 January 2025 Audience:
College/higher education
,
Primary
Format:Hardback Publisher's Status: Active
1. Introduction 2. UNHCR Refugee Zakat Fund in Bangladesh: Sustainable religious funds for stateless refugees 3. WAQF empowering Sustainable Water 4. Water, Law & Sustainability: An analysis of legal and policy frameworks in Bangladesh 5. Stimulating Agricultural Production through Technical Assistance 6. Harnessing the Power of Food Waste: The Lost Food Project 7. Udhiyyah and the livestock value chain: Islamic social finance for sustainable development 8. How Mid-tier Banks can address sustainability 9. Advancing Blended Finance Initiatives: Focus on African Member States of the Organization of Islamic Cooperation 10. Driving Sustainability in the Marketplace: Approaches by a Malaysian Multi-Asset Exchange 11. Lessons from the field: Culture & Sustainability 12. Impact Measurement and Management: Türkiye as a Case 13. Lessons to Secure our Shared Future
Abdulkader Thomas is an Adjunct Professor of Finance at IE Business School and a doctoral candidate at the School of Law, SOAS University of London.