Islamic Sustainable Finance: How Does VBI Facilitate?

Financial sustainability and values creation are the essential features of sustainable Islamic finance, especially in Islamic banking sector, as they are consistent with the principles of maqasid al-Shariâ™ah. In supporting sustainable Islamic finance, VBI was introduced by Bank Negara Malaysia (the...

Full description

Bibliographic Details
Published in:Islamic Sustainable Finance: Policy, Risk and Regulation
Main Author: Mahyudin W.A.T.; Rosman R.; Haron R.
Format: Book chapter
Language:English
Published: Taylor and Francis 2024
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85192323359&doi=10.4324%2f9781003395447-8&partnerID=40&md5=3ccdd3c164c4b116da9d9bf6f0c525ad
id 2-s2.0-85192323359
spelling 2-s2.0-85192323359
Mahyudin W.A.T.; Rosman R.; Haron R.
Islamic Sustainable Finance: How Does VBI Facilitate?
2024
Islamic Sustainable Finance: Policy, Risk and Regulation


10.4324/9781003395447-8
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85192323359&doi=10.4324%2f9781003395447-8&partnerID=40&md5=3ccdd3c164c4b116da9d9bf6f0c525ad
Financial sustainability and values creation are the essential features of sustainable Islamic finance, especially in Islamic banking sector, as they are consistent with the principles of maqasid al-Shariâ™ah. In supporting sustainable Islamic finance, VBI was introduced by Bank Negara Malaysia (the Central Bank) in 2017, aiming to achieve anticipated Shariâ™ah outcomes through policies, actions and services which have meaningful and sustainable impacts on the economy, society and the environment. This study provides insight via empirical evidence on how corporate governance practices in Islamic banks support the agenda of VBI and sustainability and proposes a reform in board composition structure to support the objective of VBI and Islamic sustainable finance. © 2024 selection and editorial matter, Mohd Ma’Sum Billah, Rusni Hassan, Razali Haron and Nor Razinah Mohd Zain; individual chapters, the contributors.
Taylor and Francis

English
Book chapter

author Mahyudin W.A.T.; Rosman R.; Haron R.
spellingShingle Mahyudin W.A.T.; Rosman R.; Haron R.
Islamic Sustainable Finance: How Does VBI Facilitate?
author_facet Mahyudin W.A.T.; Rosman R.; Haron R.
author_sort Mahyudin W.A.T.; Rosman R.; Haron R.
title Islamic Sustainable Finance: How Does VBI Facilitate?
title_short Islamic Sustainable Finance: How Does VBI Facilitate?
title_full Islamic Sustainable Finance: How Does VBI Facilitate?
title_fullStr Islamic Sustainable Finance: How Does VBI Facilitate?
title_full_unstemmed Islamic Sustainable Finance: How Does VBI Facilitate?
title_sort Islamic Sustainable Finance: How Does VBI Facilitate?
publishDate 2024
container_title Islamic Sustainable Finance: Policy, Risk and Regulation
container_volume
container_issue
doi_str_mv 10.4324/9781003395447-8
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85192323359&doi=10.4324%2f9781003395447-8&partnerID=40&md5=3ccdd3c164c4b116da9d9bf6f0c525ad
description Financial sustainability and values creation are the essential features of sustainable Islamic finance, especially in Islamic banking sector, as they are consistent with the principles of maqasid al-Shariâ™ah. In supporting sustainable Islamic finance, VBI was introduced by Bank Negara Malaysia (the Central Bank) in 2017, aiming to achieve anticipated Shariâ™ah outcomes through policies, actions and services which have meaningful and sustainable impacts on the economy, society and the environment. This study provides insight via empirical evidence on how corporate governance practices in Islamic banks support the agenda of VBI and sustainability and proposes a reform in board composition structure to support the objective of VBI and Islamic sustainable finance. © 2024 selection and editorial matter, Mohd Ma’Sum Billah, Rusni Hassan, Razali Haron and Nor Razinah Mohd Zain; individual chapters, the contributors.
publisher Taylor and Francis
issn
language English
format Book chapter
accesstype
record_format scopus
collection Scopus
_version_ 1809677884164407296