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Sustainable agriculture and Islamic finance: cultivating prosperity and values

Agriculture is one of the oldest socio-economic activities. It involves growing valuable plants and animals for human existence. Sustainable agriculture should be understood in light of the global sustainable development movement, which emphasizes balancing environment, society and economics. With t...

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Main Authors:	Mohd Zain, Nor Razinah, Tounchibine, Oumaima, Lechheb, Houda
Format:	Book Chapter
Language:	English English
Published:	Emerald Publishing Limited 2024
Subjects:	BPC158 Agriculture. Sustainable agriculture BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HC79.E5 Environmental policy and economic development. Sustainable development. Sustainability. HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/113996/1/113996_Sustainable%20agriculture%20and%20Islamic%20finance.pdf http://irep.iium.edu.my/113996/7/113996_Sustainable%20agriculture%20and%20Islamic%20finance_SCOPUS.pdf http://irep.iium.edu.my/113996/ https://www.emerald.com/insight/content/doi/10.1108/978-1-83549-906-120241010/full/html
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spelling	my.iium.irep.1139962024-12-04T01:30:52Z http://irep.iium.edu.my/113996/ Sustainable agriculture and Islamic finance: cultivating prosperity and values Mohd Zain, Nor Razinah Tounchibine, Oumaima Lechheb, Houda BPC158 Agriculture. Sustainable agriculture BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HC79.E5 Environmental policy and economic development. Sustainable development. Sustainability. HG3368 Islamic Banking and Finance Agriculture is one of the oldest socio-economic activities. It involves growing valuable plants and animals for human existence. Sustainable agriculture should be understood in light of the global sustainable development movement, which emphasizes balancing environment, society and economics. With the ongoing effects of the COVID-19 pandemic and the recent war between Russia and Ukraine, sustainable agriculture can help eliminate food insecurity caused by food shortages and agricultural sector disruptions. Recently, investors, practitioners, academicians, researchers, regulators and financiers are increasingly interested in using Islamic financing products and qualified Shariah-compliance contracts to promote sustainable agriculture. Many Organization of Islamic Cooperation (OIC) states still rely on agriculture for socioeconomic growth. These countries are major contributors to Islamic financial growth. This study assesses Islamic finance’s role in promoting sustainable agriculture in selected OIC countries. The researchers use qualitative methods and meta-analysis data to determine the constraints and benefits of implementing Islamic financial products for sustainable agriculture. This study suggests that OIC state governments should promote sustainable agriculture. OIC member states have different achievements relating to their sustainable agriculture. Based on socio-economic factors, agriculture policies or plans, leadership and political will, Islamic finance products and Shariah-compliance contracts are found underutilized in meeting sustainable agriculture and sector stakeholders’ needs. A solid Islamic financial framework for sustainable agriculture, good governance and improved agriculture policy are needed. Emerald Publishing Limited 2024-11-07 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/113996/1/113996_Sustainable%20agriculture%20and%20Islamic%20finance.pdf application/pdf en http://irep.iium.edu.my/113996/7/113996_Sustainable%20agriculture%20and%20Islamic%20finance_SCOPUS.pdf Mohd Zain, Nor Razinah and Tounchibine, Oumaima and Lechheb, Houda (2024) Sustainable agriculture and Islamic finance: cultivating prosperity and values. In: The Future of Islamic Finance: From Shariah Law to Fintech. Emerald Publishing Limited, United Kingdom, pp. 155-173. ISBN 978-1-83549-907-8 https://www.emerald.com/insight/content/doi/10.1108/978-1-83549-906-120241010/full/html 10.1108/978-1-83549-906-120241010
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English English
topic	BPC158 Agriculture. Sustainable agriculture BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HC79.E5 Environmental policy and economic development. Sustainable development. Sustainability. HG3368 Islamic Banking and Finance
spellingShingle	BPC158 Agriculture. Sustainable agriculture BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh HC79.E5 Environmental policy and economic development. Sustainable development. Sustainability. HG3368 Islamic Banking and Finance Mohd Zain, Nor Razinah Tounchibine, Oumaima Lechheb, Houda Sustainable agriculture and Islamic finance: cultivating prosperity and values
description	Agriculture is one of the oldest socio-economic activities. It involves growing valuable plants and animals for human existence. Sustainable agriculture should be understood in light of the global sustainable development movement, which emphasizes balancing environment, society and economics. With the ongoing effects of the COVID-19 pandemic and the recent war between Russia and Ukraine, sustainable agriculture can help eliminate food insecurity caused by food shortages and agricultural sector disruptions. Recently, investors, practitioners, academicians, researchers, regulators and financiers are increasingly interested in using Islamic financing products and qualified Shariah-compliance contracts to promote sustainable agriculture. Many Organization of Islamic Cooperation (OIC) states still rely on agriculture for socioeconomic growth. These countries are major contributors to Islamic financial growth. This study assesses Islamic finance’s role in promoting sustainable agriculture in selected OIC countries. The researchers use qualitative methods and meta-analysis data to determine the constraints and benefits of implementing Islamic financial products for sustainable agriculture. This study suggests that OIC state governments should promote sustainable agriculture. OIC member states have different achievements relating to their sustainable agriculture. Based on socio-economic factors, agriculture policies or plans, leadership and political will, Islamic finance products and Shariah-compliance contracts are found underutilized in meeting sustainable agriculture and sector stakeholders’ needs. A solid Islamic financial framework for sustainable agriculture, good governance and improved agriculture policy are needed.
format	Book Chapter
author	Mohd Zain, Nor Razinah Tounchibine, Oumaima Lechheb, Houda
author_facet	Mohd Zain, Nor Razinah Tounchibine, Oumaima Lechheb, Houda
author_sort	Mohd Zain, Nor Razinah
title	Sustainable agriculture and Islamic finance: cultivating prosperity and values
title_short	Sustainable agriculture and Islamic finance: cultivating prosperity and values
title_full	Sustainable agriculture and Islamic finance: cultivating prosperity and values
title_fullStr	Sustainable agriculture and Islamic finance: cultivating prosperity and values
title_full_unstemmed	Sustainable agriculture and Islamic finance: cultivating prosperity and values
title_sort	sustainable agriculture and islamic finance: cultivating prosperity and values
publisher	Emerald Publishing Limited
publishDate	2024
url	http://irep.iium.edu.my/113996/1/113996_Sustainable%20agriculture%20and%20Islamic%20finance.pdf http://irep.iium.edu.my/113996/7/113996_Sustainable%20agriculture%20and%20Islamic%20finance_SCOPUS.pdf http://irep.iium.edu.my/113996/ https://www.emerald.com/insight/content/doi/10.1108/978-1-83549-906-120241010/full/html
_version_	1817841069560168448
score	13.222552

Sustainable agriculture and Islamic finance: cultivating prosperity and values

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