Islamic Finance and Sustainable Development: The Water, Food, Energy, and Climate Nexus (Islamic Business and Finance Series)

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 add