الصناديق الاستثمارية الإسلامية المستدامة: بين الالتزام الشرعي وتحقيق الاستدامة المالية Sustainable Islamic Investment Funds: Between Shariah Compliance and Achieving Financial Sustainability

Authors

  • Younes Soualhi International Shari’ah Research Academy for Islamic Finance (ISRA) Institute International Centre for Education for Islamic Finance (INCEIF), Jalan Tun Ismail, 50480, Kuala Lumpur, MALAYSIA. IIUM Institute of Islamic Banking & Finance (IIiBF), International Islamic University Malaysia, 53100, Selangor, MALAYSIA.
  • Abdul Majid Saleh IIUM Institute of Islamic Banking & Finance (LLiBF), International Islamic University Malaysia, 53100, Selangor, MALAYSIA.

DOI:

https://doi.org/10.33102/jfatwa.vol31no1.752

Keywords:

Islamic Finance, Investment fund, Sustainable Investment, Green Sukuk, Maqasid al-Shariah

Abstract

This study explores the growing integration between sustainability principles and Islamic investment funds, which are among the key Shariah-compliant financial instruments. Using an inductive approach to review concepts and global practices, and an analytical method to assess performance, the paper addresses four main themes: the concept of investment funds, conventional and Islamic investment funds, the current state of sustainable integration in Islamic funds, and the key development requirements. The findings indicate a strong alignment between Islamic ethical values and global sustainability standards, particularly in terms of justice, transparency, and environmental responsibility. Saudi Arabia and Malaysia were highlighted as leading models in promoting sustainable Islamic investment. The study recommends the development of Shariah-based sustainability indices, increasing green sukuk issuance, and enhancing regulatory frameworks to support sustainable investment ecosystems

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Published

30-01-2026

How to Cite

الصناديق الاستثمارية الإسلامية المستدامة: بين الالتزام الشرعي وتحقيق الاستدامة المالية Sustainable Islamic Investment Funds: Between Shariah Compliance and Achieving Financial Sustainability. (2026). Journal of Fatwa Management and Research, 31(1), 289-317. https://doi.org/10.33102/jfatwa.vol31no1.752

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