This book explores how, through spirituality and the development of
character, Islamic financial institutions and Muslim communities can
integrate their businesses with contemporary social responsibility
initiatives to produce positive social and environmental impact. From
the looming environmental crisis to the divide between mainstream and
extremist interpretations of Islam, the book addresses significant
questions facing Muslim communities - and humanity - and demonstrates
why Islam should sit 'at the table' with other faiths and ethical
traditions discussing humanity's great obstacles. Unlike existing
literature, this work explores the intersections between classical
Islamic ethics and spirituality, contemporary Islamic finance and
economic markets, and select sustainability and impact initiatives (such
as the Equator Principles and UN Principles of Responsible Investment)
designed to make the worlds of business and finance responsible for the
environments in which they operate and the communities that support
them. Drawing on his years of experience in Islamic banking, Moghul
addresses these applications in light of real-world practices and
dilemmas, demonstrating how Islamic organizations and Muslim communities
should embrace the broad range of stakeholders countenanced by the
Shari'ah in conversations that affect them. By situating his exploration
of Islamic finance in the light of the much larger critical issues of
balance, justice, and moderation in Islamic praxis, Moghul creates an
interdisciplinary book that will appeal to academics and researchers in
economics, finance, business, government and policy, and law.