Islamic Finance and Climate Action: Ethics, Environmental Stewardship and Sustainability

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Mohd Ma'Sum Billah Razali Haron

Islamic Finance and Climate Action

Ethics, Environmental Stewardship and Sustainability

Mohd Ma'Sum Billah, Razali Haron, Rusni Hassan , Syed Marwan Mujahid Syed Azman

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English

Routledge
16 December 2025

Development studies; Environmental economics; Finance; Management of specific areas; Sales & marketing

Series: Islamic Business and Finance Series

In the face of unprecedented global warming and escalating environmental crises, this book offers a comprehensive investigation into the ways Islamic financial principles can contribute to combating climate change. It delves into the significant potential of the Islamic finance industry and showcases its capacity for sustainable and ethical investment that aligns with the global climate change agenda.

The book meticulously discusses the role Islamic finance can play in developing low-carbon and climate-resilient infrastructure, providing readers with a rich blend of theoretical insights and practical methodologies. It underscores the harmony between Islamic ethical finance and ecological care, highlighting their joint role in funding renewable energy and fostering resilient communities. Through insightful case studies and analyses, it positions Islamic finance as a vital player in global climate initiatives. Introducing innovative instruments like green Sukuk and evaluating Waqf (endowment) for eco-projects, it critically reviews how Islamic financial institutions can further drive climate-positive investments, providing a framework of Islamic climate finance. It analyses the law and policies of Islamic finance governing climate action and puts forward a strategic action plan.

Aimed at scholars, researchers, and academics, this book is an invaluable resource for those seeking to understand and implement Islamic financial solutions in the battle against the global climate crisis. It also serves as an essential guide for policymakers and practitioners committed to steering financial practices towards more sustainable and globally beneficial outcomes, ultimately providing strategic knowledge and practical tools to mobilize resources effectively for the planet’s future.

Mohd Ma’Sum Billah is Senior Professor of Finance at the Islamic Economics Institute, King Abdul Aziz University (KAU), Kingdom of Saudi Arabia.

Razali Haron is Professor of Finance at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia (IIUM).

Rusni Hassan is Professor of Finance and the Dean at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia (IIUM).

Syed Marwan Mujahid Syed Azman is Assistant Professor of Finance at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia (IIUM).

Akhtarun Naba’ Billah is pursuing her LLB (Hons) at the Ahmad Ibrahim Kulliyyah of Laws (AIKOL), International Islamic University, Malaysia (IIUM), and is scheduled to complete her legal internship at the Office of the Chief Justice of Malaysia (Palace of Justice, Putrajaya, Malaysia) in 2025.

Edited by: Mohd Ma'Sum Billah, Razali Haron, Rusni Hassan, Syed Marwan Mujahid Syed Azman, Akhtarun Naba’ Billah
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9781032944715
ISBN 10: 1032944714
Series: Islamic Business and Finance Series
Pages: 264
Publication Date: 16 December 2025
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Forthcoming

Mohd Ma’Sum Billah is Senior Professor of Finance at the Islamic Economics Institute, King Abdul Aziz University (KAU), Kingdom of Saudi Arabia. Razali Haron is Professor of Finance at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia (IIUM). Rusni Hassan is Professor of Finance and the Dean at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia (IIUM). Syed Marwan Mujahid Syed Azman is Assistant Professor of Finance at the IIUM International Institute of Islamic Banking and Finance, International Islamic University, Malaysia (IIUM). Akhtarun Naba’ Billah is pursuing with her LLB (Hons) at the Ahmad Ibrahim Kulliyyah of Laws (AIKOL), International Islamic University, Malaysia (IIUM) and she has completed her legal internship at the office of the Chief Justice of Malaysia (Palace of Justice, Putrajaya, Malaysia) in 2025.