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Sustainability Guide for Islamic Finance Institutions

Sustainability Guide for Islamic Finance Institutions

Year Published

2022

Contributing Organizations

General Council for Islamic Banks and Financial Instiututions (CIBAFI)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic
Islamic Finance
Topic 2
Banking

Target Audience

Financial Services Providers
Banks

Relevant Geography

Global
Sustainability Guide for Islamic Finance Institutions

Resource Description

This resource offers a framework to help Islamic financial institutions integrate sustainability into their operations, using five Principles of Sustainability grounded in Maqasid Al-Shariah.

Why This Matters

This guide supports Islamic banks in aligning faith-based values with global sustainability goals, offering a structured path to embed ethical and environmental considerations across operations.

Key Insights

  • Recommends a top-down approach to embed sustainability in strategy, SOPs, and business activities
  • Suggests forming Sustainability Committees to support governance and Shariah compliance
  • Advises incorporating ESG factors in credit assessments, product design, and green finance
  • Provides tools for managing environmental and social risks, including sector-specific guidance
  • Explains the role of indicators and ESG metrics to measure progress against targets

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