ItemBook Chapter

Sustainability assurance in Islamic finance: Improving sharia compliance and social responsibility

Title
Sustainability assurance in Islamic finance: Improving sharia compliance and social responsibility
Creator
Kismawadi, Early Ridho; Irfan, Mohammad; Shaikh, Zakir Hossen
Description
This study aims to explore the application of sustainability assurance in increasing sharia compliance and social responsibility of Islamic financial institutions. By highlighting methodologies, challenges, and best practices, this study evaluates how sustainability assurance can support sustainability reporting that is transparent, credible, and compliant with sharia principles. The results of the study show that sustainability assurance contributes significantly to sharia compliance by verifying sustainability reports involving environmental, social, and governance (ESG) aspects. The study also identified key challenges, including the lack of sustainability reporting standards specific to Islamic finance and the need to strengthen the capacity of Islamic financial institution practitioners regarding sustainability assurance. The implications of this study include practical guidance for Islamic financial institutions in formulating effective and sharia- based sustainability policies. 2025, IGI Global Scientific Publishing. All rights reserved.
Source
Navigating Trust in Sustainability Reporting and Assurance;pp.381-408
Date
01-01-2025
Publisher
IGI Global
Coverage
Kismawadi E.R., IAIN Langsa, Indonesia; Irfan M., Christ University, India; Shaikh Z.H., Kingdom University, Bahrain
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISBN: 979-833730119-8; 979-833730117-4;
Format
online
Language
English
Type
Book chapter

Citation

Kismawadi, Early Ridho; Irfan, Mohammad; Shaikh, Zakir Hossen, “Sustainability assurance in Islamic finance: Improving sharia compliance and social responsibility,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 17, 2026, https://archives.christuniversity.in/items/show/24515.

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