The Impact of Sustainable Fintech on ‘Islamic Corporate Financial Management’ Research on Bangladesh Perspective
Sr No:
Page No:
102-119
Language:
English
Authors:
Ashraf Shahriar*
Received:
2025-06-19
Accepted:
2025-06-06
Published Date:
2025-06-10
Abstract:
As the worldwide financial industry moves towards sustainability and digital
innovation, the intersection of sustainable fintech and Islamic corporate financial management
(ICFM) offers a significant opportunity for developing nations like Bangladesh. This research
investigates the influence of sustainable fintech—characterized as technology-led financial
solutions that adhere to environmental, social, and governance (ESG) criteria—on the strategic
financial operations of Islamic corporations functioning under Shariah law. Utilizing empirical
data gathered from Islamic financial institutions, corporate finance divisions, and fintech
companies in Bangladesh, the study assesses how sustainable fintech affects financial planning,
capital structuring, ethical investment, and risk management in alignment with Islamic laws. The
research adopts a mixed-methods framework, combining survey responses from 350 corporate
finance practitioners with expert interviews from regulators in Islamic finance and innovators in
sustainable fintech. Key insights indicate that fintech solutions—such as platforms for green
sukuk, Shariah-compliant blockchain technologies, and ESG-integrated financial analysis—are
improving transparency, accountability, and long-term sustainability in ICFM. Nonetheless,
obstacles like regulatory uncertainty, a lack of awareness regarding ESG standards, and a dearth
of expertise in Islamic fintech are hindering wider acceptance. The findings conclude that
although Bangladesh's Islamic finance sector is slowly integrating sustainable fintech, it needs
stronger regulatory frameworks, initiatives for capacity building, and collaborative innovation to
truly realize its potential. Policy suggestions include establishing a national Shariah-compliant
fintech framework, advocating for green Islamic finance instruments, and creating ESGcompliant digital reporting standards for corporate entities. This research adds to the expanding
literature at the crossroads of Islamic finance, sustainability, and digital advancement, providing
strategic insights for policymakers, business leaders, and fintech entrepreneurs in Bangladesh
and other developing Muslim-majority nations.
Keywords:
Islamic, Corporate, Financial, Shariah, Banks, Fintech, ESG, ICFM, Bangladesh.