From Riba-Free to Risk-Sharing to Regenerative: The Evolution of Value-Based Islamic Finance
リバフリーからリスク共有、そして再生型へ：価値に基づくイスラム金融の進化 (AI 翻訳)
Dr. Zahiduzzaman Zahid1* , Dr. Zubair Muhammad Ehsanul Haque2, Md. Shahed Alamm3 , Muhammad Masud Parves4, Munshi Md Ashfaqul Alam5
🤖 gxceed AI 要約
日本語
本論文は、イスラム金融が利子禁止からリスク共有モデルを経て、生態系回復と社会的公平を重視する再生型金融へと進化する過程を検討する。ESGやインパクト投資との収束可能性を分析し、マカシド・アル・シャリーア（イスラム法の高次目的）と再生型金融の相乗効果を提示する。グリーンスクークやワクフに基づく事例研究を通じ、イスラム金融が正義・公平・生態学的回復力を優先する金融システムを推進できると論じる。
English
This paper examines the evolution of Islamic finance from riba prohibition to risk-sharing models and toward regenerative finance emphasizing ecological restoration and social equity. It analyzes convergence with ESG and impact investing, highlighting synergies between maqasid al-Shariah and regenerative principles. Through case studies of green sukuk and waqf-based initiatives, it argues Islamic finance can advance a system prioritizing justice, equity, and ecological resilience.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではイスラム金融の実践は限定的だが、ESG投資やサステナブルファイナンスの文脈で、価値観に基づく金融の枠組みとして参考になる。特に、再生型金融の概念は、日本のグリーントランスフォーメーション（GX）における社会的公正や地域再生の議論に示唆を与える可能性がある。
In the global GX context
This paper contributes to the global discourse on ethical and sustainable finance by proposing a regenerative finance model rooted in Islamic principles. It offers insights for integrating ecological and social objectives into financial systems, relevant to ISSB and transition finance frameworks. The convergence of Islamic finance with ESG provides a unique perspective for international climate disclosure and impact investing standards.
👥 読者別の含意
🔬研究者:Researchers in ethical finance and ESG can explore the conceptual alignment between Islamic finance and regenerative finance, offering a novel framework for sustainable finance theory.
🏢実務担当者:Islamic financial institutions and sustainability teams can gain insights on integrating regenerative principles into products like green sukuk and waqf-based initiatives.
🏛政策担当者:Policymakers interested in value-based finance can consider how Islamic finance's risk-sharing and regenerative models align with global sustainability goals and climate finance.
📄 Abstract（原文）
Islamic finance has undergone a significant evolution—from its foundational prohibition of riba (interest) to the development of risk-sharing models ( Mudarabah, Musharakah ), and now toward regenerative finance, which emphasizes ecological restoration and social equity. This paper examines how Islamic finance aligns with global ethical and sustainable finance movements, addressing two key research questions: (1) To what extent does Islamic finance’s value-based framework converge with contemporary ESG (Environmental, Social, and Governance) and impact investing principles, as measured by alignment scores in sustainability reports and conceptual synergies? (2) Can regenerative finance, a paradigm focused on systemic healing rather than mere sustainability, strengthen Islamic finance’s socio-economic impact through enhanced equity metrics and ecological outcomes? Through a mixed-methods approach combining literature review, case studies (e.g., green sukuk, waqf-based sustainability initiatives), and conceptual framework development, the study proposes a pathway for Islamic finance to transition from risk-sharing to regenerative models. The findings highlight synergies between maqasid al-Shariah (higher objectives of Islamic law) and regenerative finance, suggesting that Islamic finance is uniquely positioned to advance a finance system that prioritizes justice, equity, and ecological resilience. The research contributes to ethical finance theory while offering practical insights for policymakers and Islamic financial institutions seeking to integrate regenerative principles. Limitations include reliance on hypothetical data for statistical illustrations and a geographic focus on Southeast Asia and the Middle East.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.5281/zenodo.17394804first seen 2026-05-05 19:07:12
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。