Ashraf Gomma Ali
Essays · papers · talks

Notes on Shariah, sustainability and the purpose of finance

A home for my writing on how Islamic finance can serve people and the planet, from Kuala Lumpur to the Gulf to Muslim communities in the West. Shared to start conversations, and responses are always welcome.

Themes

What I write about

  • Shariah in the disclosure era

    What IFRS S2, Malaysia's NSRF, climate taxonomies and financed-emissions accounting mean for the way Shariah committees and boards think.

  • Beyond the green label

    Zakat, waqf and risk-sharing as Islamic finance's own contribution to climate and social outcomes.

  • Prophetic ethics for finance

    Reflections on the prophetic tradition and what it asks of people who manage other people's money.

  • Shariah governance that works

    How scholarly reasoning becomes sound guidance, product design and decisions inside financial institutions.

  • Islamic finance in Western markets

    What Muslims in the United States, the United Kingdom and Europe need from their financial systems, and what regulators there can learn from Malaysia and the Gulf.

Archive

Writing & talks

  1. Nov 2026
    Why Shariah and sustainability were never two agendasEssayFirst issue of Amana · forthcoming
  2. 2026
    Reinventing Islamic bankingTalkPanel, IFN Asia Issuers & Investors Forum
  3. Feb 2026
  4. 2022
  5. —
  6. 2019
    Balancing Sharīʻah compliance and technology-driven growth: a banking perspectivePaperIFSB 11th Public Lecture on Financial Policy and Stability
  7. 2019
    Shariah governance in Saudi ArabiaPaperBook chapter, Edinburgh Companion
  8. 2019
    Sustainability in the plantation sector: a conversationTalkIFN Green & Sustainable Finance Forum
  9. 2018
    Islamic finance and cryptocurrencies: governance and regulationPaperAAOIFI–World Bank Annual Conference
  10. —
    Islamic Economic Forum declaration on BitcoinPaperFiqh Council of North America · contributor, English group
  11. 2016
Monthly newsletter

Amana: Shariah, Sustainability & Stewardship

Each issue pairs a short reflection on the prophetic tradition with a look at one development in markets or regulation, and three things worth reading. The first issue arrives in November 2026.

إِنَّا عَرَضْنَا ٱلْأَمَانَةَ عَلَى ٱلسَّمَٰوَٰتِ وَٱلْأَرْضِ وَٱلْجِبَالِ

We offered the Trust to the heavens, the earth and the mountains.

Qur'an · al-Aḥzāb 33:72