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ZENODO
Article . 2024
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
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A Comparative Analysis of Existing Models for Assessing Sustainability in Islamic Banks

Authors: Fazlullah Ihza Qaseem;

A Comparative Analysis of Existing Models for Assessing Sustainability in Islamic Banks

Abstract

Abstract This study conducted a comparative analysis of existing models for assessing sustainability in Islamic banks, focusing on three prominent frameworks: the Sustainability Performance Index (SPI), the Quadruple Bottom Line (QBL), and the integration of Environmental, Social, and Governance (ESG) principles with Maqasid Shari’ah. While conventional ESG frameworks emphasize environmental and social governance, Islamic banks operate under Shariah law, necessitating the inclusion of Islamic ethical principles in sustainability assessment. The paper highlights the strengths and weaknesses of each model in addressing the unique sustainability challenges faced by Islamic banks. The SPI provides a holistic assessment incorporating both financial and non-financial indicators, but often lacks focus on Islamic normative aspects. The QBL (4Ps) framework introduces a spiritual dimension with the ‘Prophet’ component. The integration of ESG and Maqasid Shari’ah aligns sustainability with Islamic values but requires further research for practical application. This study aims to contribute to the development of a more comprehensive and effective sustainability assessment model for Islamic banking. Keywords: Islamic banks, sustainability assessment, Sustainability Performance Index (SPI), Quadruple Bottom Line (QBL), ESG-Maqasid Shari’ah Integration, Shariah compliance.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average