Green Banking: Performance of Three Pakistani Islamic Banks in Environmental Projects

Authors

  • Muhammad Omer Rafique Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, Islamabad, Pakistan
  • Muhammad Akram Hureri Islamic Research Institute, International Islamic University, Islamabad, Pakistan
  • Mehwish Riaz International Institute of Islamic Thought and Civilization, International Islamic University, Malaysia

Keywords:

Sustainable Development Goals, Islamic Finance, Tools, Environmentally Projects

Abstract

Globally, there is currently a trend towards responsible use of non-renewable resources and the creation of a world fit for the future. Countries worldwide decided upon a set of Sustainable Development Goals (SDGs) to accomplish these aspirational goals. This is mostly dependent on economic expansion. This paper aims to explore the main viewpoints on how Islamic Financial Institutions (IFIs) contribute significantly to the attainment of sustainable development objectives. Additionally, how Islamic financial instruments support environmental projects. For this purpose, the researcher has selected 3 Pioneer Islamic banks in Pakistan analyzed their green performance, and conducted a content analysis of their financial reports and thematic analysis of interview transcripts to highlight how they have contributed to sustainable practices.

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Published

2025-01-30

Issue

Vol. 3 No. 01 (2025): Southern Journal of Social Sciences

Section

Articles

License

Copyright (c) 2025 Southern Journal of Social Sciences

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.