TheJakartaPost
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Islamic finance is rooted in asset backing and risk sharing, so it is inherently aligned with sustainability principles and well-positioned to finance adaptation efforts, especially in regions most vulnerable to climate change.
Islamic economic principles work hand in hand with the concept of the circular economy, and taking a holistic approach by also integrating Islamic finance can lead to sustainability through economic, social and environmental benefits.
The assets of the country’s sharia finance industry reached Rp 1.639 quadrillion (US$111.1 billion) as of July this year, an increase of 20.6 percent compared to the same period last year, according to the OJK.
