Islamic Finance and Circular Economy: An Introduction

The world is facing unprecedented ecological, social, and economic imbalances and insecurities. Over the last few years, a circular economic system is emerging and introducing means and processes to learn from nature and minimize all types of wastes. It espouses a zero-waste economic system that calls for moderation in consumption and better treatment of natural resources, which mirrors Islamic finance and economy principles. On that note, the book, hence, provides a multidisciplinary approach in highlighting the common grounds of circular economy and Islamic finance in their efforts in providing a valuable and impactful alternative economic framework. The volume provides a critical overview and a comprehensive theoretical analysis of the circular economy from Shariah’s perspective. In addition, it examines Islamic finance empirically in light of sustainability and value-creation while also highlighting several case studies on the circular economy application in the Islamic finance industry.