Overview

Islamic finance has come a long way over the last four decades. During its current transformative decade, Islamic finance is facing the challenge of strategic sustainability and is in need of revisiting its operational paradigm; as landfills, ecological and environmental degradation, climate change and other factors stressing the planet are widely understood to be the by-products of the current linear approach of the world economy. While this approach of ‘taking, making, using, disposing, and wasting’ the planet’s resources is the dominant economic paradigm, the laws of ecology, like the water cycle, show us that nature does not ever waste.