Corporate Social Responsibility in Developing and Emerging Markets Institutions, Actors and Sustainable Development
Book contents
- Corporate Social Responsibility in Developing and Emerging Markets
- Corporate Social Responsibility in Developing and Emerging Markets
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Notes on Contributors
- Foreword
- Endorsement
- Preface
- Table of Cases
- Table of Legislation
- 1 Introduction to Corporate Social Responsibility in Developing and Emerging Markets: Institutions, Actors and Sustainable Development
- Part I Institutions, CSR Conceptualizations and Sustainable Development
- Part II CSR and Sustainable Development Cross-Country Studies
- Part III Normative and Utility Perspectives
- 14 Islamic Finance, Sustainable Development and Developing Countries: Linkages and Potential
- 15 Developing Countries’ Business Schools and Socially Conscious Business Leaders
- 16 Corporate Participation in Climate Change Mitigation in Developing Countries: ‘Green Capitalism’ as a Tool for Sustainable Development
- 17 Ethics Issues in Outsourcing to Emerging Markets: Theoretical Perspectives and Practices
- 18 Promoting Sustainability in Business and Management Education
- 19 Sustainable Finance, the Law and Stakeholders: Towards Responsible Social Movements
- 20 Sustainable Consumption, Consumer Protection and Sustainable Development: Unbundling Institutional Septet for Developing Economies
- 21 Corporate Social Responsibility and Sustainable Development in Developing and Emerging Markets: Looking Forward
- References
14 - Islamic Finance, Sustainable Development and Developing Countries: Linkages and Potential
from Part III - Normative and Utility Perspectives
Published online by Cambridge University Press: 18 December 2019
Book contents
- Corporate Social Responsibility in Developing and Emerging Markets
- Corporate Social Responsibility in Developing and Emerging Markets
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Notes on Contributors
- Foreword
- Endorsement
- Preface
- Table of Cases
- Table of Legislation
- 1 Introduction to Corporate Social Responsibility in Developing and Emerging Markets: Institutions, Actors and Sustainable Development
- Part I Institutions, CSR Conceptualizations and Sustainable Development
- Part II CSR and Sustainable Development Cross-Country Studies
- Part III Normative and Utility Perspectives
- 14 Islamic Finance, Sustainable Development and Developing Countries: Linkages and Potential
- 15 Developing Countries’ Business Schools and Socially Conscious Business Leaders
- 16 Corporate Participation in Climate Change Mitigation in Developing Countries: ‘Green Capitalism’ as a Tool for Sustainable Development
- 17 Ethics Issues in Outsourcing to Emerging Markets: Theoretical Perspectives and Practices
- 18 Promoting Sustainability in Business and Management Education
- 19 Sustainable Finance, the Law and Stakeholders: Towards Responsible Social Movements
- 20 Sustainable Consumption, Consumer Protection and Sustainable Development: Unbundling Institutional Septet for Developing Economies
- 21 Corporate Social Responsibility and Sustainable Development in Developing and Emerging Markets: Looking Forward
- References
Summary
The chapter considers the role of Islamic finance in promoting the Sustainable Development Goals (SDGs) in developing countries. The SDGs require unprecedented mobilization of funds to support their implementation. Given the social and moral ethos and emphasis on prohibition of riba (interest) and asset-backed financing, Islamic finance offers an effective non-traditional means of financing for sustainable development activities and projects in developing countries. This chapter demonstrates that the ideology of Islamic finance, its attributes, principles, products, instruments and institutions all tend to be well-suited to boosting the SDGs. It also shows that Islamic finance has great potential in supporting developing countries’ efforts to finance the SDGs agenda. Divided into seven sections, the chapter outlines sustainable development from an Islamic perspective, and the principles of Islamic finance, before assessing the role of Islamic financial institutions, sukuk (Islamic bonds), and Islamic social finance (zakat and waqf) in promoting the SDGs.
Keywords
- Type
- Chapter
- Information
- Corporate Social Responsibility in Developing and Emerging MarketsInstitutions, Actors and Sustainable Development, pp. 281 - 305Publisher: Cambridge University PressPrint publication year: 2019
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