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

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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