This study aims to establish the link of key Islamic banking sustainability indicators with the United Nations’ Sustainable Development Goals (UN SDGs) as a policy recommendation for sustainable development and to mitigate the distressing impacts of the COVID-19 pandemic on the triple bottom line (people, planet, and profit). To identify the key Islamic banking sustainability indicators, the authors selected the most cited sustainability measurement indexes in Islamic banking. Initially, the indexes were divided into 10 broader themes, and then the key Islamic banking sustainability indicators were shortlisted from each theme based on their high-frequency distribution. The shortlisted sustainability indicators were then ratified to be in line with Islamic philosophy based on “Maqasid al-Shariah” (objectives of Shariah) and were subsequently grouped into the three dimensions of economic, environmental, and social sustainability based on the axial coding method. Finally, the categorized sustainability indicators were aligned with the relevant UN SDGs through the axial coding method for policy formulation, and respectively 12 propositions were developed for policy formulation. This study labeled the methodological process of this study as the ECA method (exploration, categorization, alignment). The new ECA method offers a reverse extension in the “SDG compass” developed by the Global Reporting Initiative (GRI) for aligning business policies with the UN SDGs. The process of aligning Islamic banking sustainability indicators with the UN SDGs will provide a roadmap to recovery from the COVID-19 pandemic in terms of economic, environmental, and social issues. Due to the diversity of the UN SDG framework, it covers multiples aspects for sustainable development. Therefore, considering the UN SDGs in terms of various banking instruments will mitigate the multiple distressing impacts of COVID-19 on the triple bottom line (people, planet, and profit), it will also promote a sustainable development agenda.
This paper examines the moderating role of Islamic corporate governance on the link between sustainable business practices and the firm’s financial performance. A post-crisis period sustainability data for the decade of 2008–2017 was collected by the study. For data collection, this study used the weighted content method. The Generalized Method of Moments (GMM) statistical test was used for empirical testing. The results of the study found that the link between sustainable business practices with the firm’s financial performance measured from the shareholders’ and the management’s perspective is positive, while the subjected link measured from the market perspective was found to be insignificant. This implies that the market stakeholders of the Islamic banks are reluctant for their bank’s spending on sustainable business practices. Interestingly, the insignificant link between sustainable business practices and market performance became significant with the moderating role of Shariah governance and managerial ownership. It shows that the moderating role of Shariah governance and managerial ownership is giving confidence to market stakeholders of Islamic banks for receiving a higher financial return through sustainable business practices initiatives. These results may provide insights for several policymakers of the Islamic banking industry about integrating vital sustainability practices in their business models and about the balanced moderating role of Islamic corporate governance in the link between sustainable business practice and the firm’s financial performance. It provides a roadmap to the Islamic banking industry for efficient management of sustainability practices from an Islamic perspective and subsequently improvement of financial performance through it.
Bike-sharing is known as a sustainable form of transportation. This travel mode is able to tackle the “last mile” transit issue and deliver financial, well-being, and low-carbon lifestyle advantages to users. To date, many studies have analysed the influence of various factors, including built environments, on bike-sharing ridership. However, no study has exclusively synthesised these findings regarding the association between built-environment attributes and bike-sharing ridership. Thus, in this study, a systematic literature review was conducted on 39 eligible studies. These studies were assessed with respect to (1) bike-sharing usage, (2) studies’ geographical distribution, (3) data collection and analysis method, and (4) built environment factor type. Most studies were carried out in the US and Chinese cities. Variables associated with diversity, density, and distance to public transport stations and public transport infrastructure were frequently employed by the studies reviewed. It was found that BS stations with an average capacity of 24.63 docks and street network systems with an average length of 12.57 km of cycling lanes had a significant impact on the bike-sharing ridership. The findings of these studies were combined, and a series of recommendations were proposed based on them for bike-sharing service providers and researchers in academia. The findings of this evaluation can help practitioners and scholars understand the important built environment elements that influence bike-sharing ridership. Knowledge in this field will enable bike-sharing service providers to direct their resources sufficiently to enhance the more essential aspects of bike-sharing users’ satisfaction.