ISLAMIC ECONOMICS, FINANCE, AND BANKING: ROLES AND CHALLENGES IN A DYNAMIC GLOBAL ENVIRONMENT

Abstract

This book explores the theoretical foundations and practical applications of Islamic economics, finance, and banking in the context of an increasingly dynamic and complex global environment. It begins with a comprehensive overview of key concepts and principles that distinguish Islamic economic thought, including its ethical underpinnings, value-based framework, and emphasis on social justice. As global economies face financial instability, climate-related risk, and ethical lapses in conventional systems, the relevance of Sharia-compliant models has become more prominent in both academic and policy circles.

Structured across several thematic chapters, the book examines global economic trends, innovations in Islamic finance, the role of digital transformation, regulatory developments, and the contribution of Islamic higher education. It also highlights the importance of halal value chains, public health implications of halal food ecosystems, and the strategic role of certification in global trade. This volume serves as a timely resource for scholars, students, practitioners, and policymakers seeking a deeper understanding of how Islamic financial systems can contribute to a more equitable, ethical, and sustainable future.