Via Jamie Linsley-Parrish in jstor.org: One of the most compelling features of Islamic finance today is its natural alignment with climate goals and sustainability initiatives. Islamic finance mandates that all investments adhere to principles of social responsibility and avoid activities harmful to society or the environment. This also conforms to the modern environmental, social, and governance (ESG) criteria used by investors worldwide. For instance, Islamic finance prohibits investment in industries such as alcohol, gambling, and weapons production, which can be seen as ethically questionable or harmful to societal well-being.
