Islamic Finance and Circular Economy: Connecting Impact and Value Creation

This book provides a critical overview and theoretical analysis of the Circular Economy from Shariah and Islamic Finance perspectives, with case studies on its application in the Islamic Finance industry. It is of interest to academics, students, and practitioners in Islamic Economics and Finance.

Format: Paperback / softback
Length: 335 pages
Publication date: 06 December 2022
Publisher: Springer Verlag, Singapore

This groundbreaking book offers a comprehensive and theoretical exploration of the Circular Economy from Shariah and Islamic Finance perspectives, marking a significant milestone in the field. Comprising three distinct parts, the book delves into the intricate interplay between Islamic Finance and sustainability, emphasizing the creation of value. The contributing authors meticulously examine Islamic Finance in the context of the Circular Economy, shedding light on its potential applications and implications. Additionally, the book includes captivating case studies that showcase the practical implementation of the Circular Economy in the Islamic Finance industry. This invaluable resource is of immense interest to academics, students, and practitioners in Islamic Economics and Finance who seek to gain a deeper understanding of the Circular Economy through the lens of Islamic Finance principles and applications.

Introduction:
The Circular Economy, a sustainable and regenerative economic model, has gained increasing attention in recent years as a response to the pressing environmental and social challenges we face. This book aims to provide a critical overview and theoretical analysis of the Circular Economy from Shariah and Islamic Finance perspectives, offering valuable insights into its potential applications and implications.
Part I: Theoretical Framework:
In the first part of the book, the authors delve into the theoretical foundations of the Circular Economy, exploring its principles, objectives, and key components. They examine the role of resource efficiency, waste reduction, and the promotion of renewable energy in achieving a more sustainable and equitable society. The authors also discuss the concept of circularity, which involves minimizing waste and maximizing the reuse and recycling of resources, and its alignment with Shariah and Islamic Finance principles.
Part II: Islamic Finance and the Circular Economy:
In the second part of the book, the authors examine the relationship between Islamic Finance and the Circular Economy. They explore how Islamic Finance principles and practices can contribute to the development and promotion of the Circular Economy. The authors discuss the role of sukuk, a Shariah-compliant financial instrument, in financing circular projects and the potential benefits of integrating sustainability into Islamic Finance products and services. They also highlight the importance of ethical and socially responsible investing in the Circular Economy and the role of Islamic Finance institutions in promoting sustainable development.
Part III: Case Studies:
The third part of the book presents case studies that illustrate the practical application of the Circular Economy in various industries. The authors showcase successful initiatives and projects that have adopted circular business models, including waste management, renewable energy, and sustainable agriculture. These case studies provide valuable insights into the challenges and opportunities associated with implementing the Circular Economy and offer practical solutions for promoting its adoption.
Conclusion:
In conclusion, this groundbreaking book offers a comprehensive and theoretical exploration of the Circular Economy from Shariah and Islamic Finance perspectives. It provides valuable insights into the potential applications and implications of the Circular Economy in promoting sustainability and social justice. The book is of immense interest to academics, students, and practitioners in Islamic Economics and Finance who seek to gain a deeper understanding of the Circular Economy through the lens of Islamic Finance principles and applications.

Weight: 534g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811660634
Edition number: 1st ed. 2021