Embedding Shari'ah Ethics into Sustainability Governance: Evidence from Jordanian Banks

Abstract

This research explores how Islamic ethics are—or aren't—being put into practice in the sustainability strategies of Jordanian banks. Using interviews with senior managers and analysis of recent sustainability reports from Arab Bank, Al Ahli Bank, and Housing Bank, the study examines whether principles like khalifa (stewardship), adl (justice), and amanah (trust) are genuinely reflected in bank policies or just used for appearances. While all three banks reference the Sustainable Development Goals (SDGs), Islamic values often remain on the sidelines. The findings reveal a noticeable gap between religious ideals and what actually happens inside institutions. To bridge this divide, the paper suggests reforms in regulation, better alignment between ethics and reporting, faith-based financial innovation like green Sukuk, and stronger staff training. The aim is to offer practical steps toward an Islamic banking model that takes its values seriously—beyond surface-level commitments.