Islamic Finance and Sustainable Development: Balancing Spirituality, Values and Profit (Islamic Business and Finance Series)

This book uncovers a new dimension in the study of sustainability, offering balanced development from a spiritual and cultural values perspective.The authors of this edited volume investigate the role of religion in the debate concerning the Sustainable Development Goals (SDGs) and offer an Islamic perspective to environment, social and governance (ESG) issues. Applying a multidimensional approach to socio-economic development, this book contends that Islam offers a unique perspective and framework for sustainable development that is holistic and rooted in spirituality, morality and ethics.For example, the book explains how Islam lays emphasis on human talents development (SDGs 3 and 4), which is a key element in accelerating socio-economic growth (SDG-8).It also offers a wide range of social financial tools such as Zakat and Waqf that can be used to address SDGs 1 (poverty), 2 (hunger), 5 (gender equality) and 10 (reducing inequality).Islamic finance offers a number of tools for long-