Islamic Finance as an Ethical and Responsible Finance: Exploring a New Paradigm of Shared Growth, Welfare, and Sustainability (Emerald Studies in Islamic Economy and Finance)

In an era of recurring financial crises, rising inequality, and environmental stress, Islamic Finance as an Ethical and Responsible Finance by Professor Dr. Muhammad Ayub offers a transformative vision for global finance.It critiques the excesses of interest-based, speculative, and ethically unrestrained profit-driven systems and advocates a shift toward finance rooted in justice, equity, risk-sharing, and sustainability. Grounded in the prohibitions of riba (interest), gharar (contractual uncertainty), and maysir (gambling), and supported by the social institutions of zakat and waqf, this work shows how asset-backed and transparent financing can align with the UN SDGs.Blending rigorous theory with practical insights, it positions Islamic ethical finance as a universal model for advancing shared prosperity and promoting moral and social good.This work is an essential resource for academics, policymakers, and practitioners committed to building a just and sustainable financial order. Em