Reinterpreting Islamic Ethics for Sustainable Islamic Finance and Creative Economy Development in Muslim Countries

Abstract

Two other fast-growing spheres in most Muslim countries, which lie under the ethical radar of sustainability, are Islamic finance and creative economy. The available literature relies largely on financial tools and regulations, with the concept of how the Islamic ethical principles can help steer sustainable economic growth having a knowledge gap. This paper redefines Islamic ethics to enable Islamic finance and the creative economy to become stronger through providing an ethical perspective of bringing the two emerging fields together. It analyses classical Islamic literature sources such as the Quran, Hadith, and the writings of moral scientists and modern discourse on Islamic economics and creative industry through a qualitative text analysis. The paper finds essential ethical standards of adl (justice), amanah (trustworthiness), and ihsan (excellence), and puts their application to contemporary financial and creative procedures into perspective. Results demonstrate that the implementation of the values leads to greater accountability, innovativeness, and social inclusion, which facilitates financial security and cultural sustainability. The paper connects Islamic ethics with sustainability models, which offer a fresh insight into the way moral grounds can be used to ensure inclusive and sustainable economic development among Muslim nations.