What is it about?
Islamic finance, which is based on ethical principles from Islamic law, is becoming an important tool for promoting sustainable development around the world. This study looks at the growth of research on Islamic finance and its role in supporting sustainable development from 1995 to 2024. We analyzed many academic papers to find key themes, such as green finance and achieving the United Nations' Sustainable Development Goals (SDGs). We also identified leading researchers and countries, like Malaysia and Indonesia, that are driving this field forward. Our study found that Islamic finance can play a significant role in addressing global challenges, such as climate change and social inequality, by offering financial solutions that are both ethical and environmentally friendly. However, there are still areas that need more research, like using digital technologies to improve Islamic finance and exploring its social and political impacts. The findings can help policymakers, financial institutions, and others understand how to better use Islamic finance to create a fairer, more sustainable world. By highlighting new areas for research and innovation, this study encourages further collaboration and development in this important field.
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Why is it important?
Islamic finance is growing fast and is often linked to ethical investing. This study shows how research on Islamic finance and sustainability has developed over time. By mapping key topics and trends, the paper helps researchers, policymakers, and financial institutions understand how Islamic finance can support global goals like fighting climate change and building fairer economies. It also shows where more work is needed to strengthen the role of Islamic finance in creating a sustainable future.
Perspectives
For researchers: This study highlights the main trends and gaps in Islamic finance and sustainability research, helping academics identify where future studies are most needed. For policymakers: It offers insights into how Islamic finance can align with global sustainability goals, informing policy frameworks that encourage ethical and green finance. For financial institutions: The findings help banks and investors understand how Islamic financial tools (like sukuk or takaful) are being used to support sustainable development, guiding smarter, values-based investment strategies. For sustainability advocates: It shows how faith-based finance can contribute to solving global challenges like climate change and inequality, offering alternative pathways to sustainable development.
Mr. Mohamed Zakarıa Fodol
Sakarya Unıversıty
Read the Original
This page is a summary of: Mapping the evolution of Islamic finance for sustainability: a bibliometric analysis, Sustainability Accounting Management and Policy Journal, June 2025, Emerald,
DOI: 10.1108/sampj-08-2024-0926.
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