To catalyze systemic transformation, the author introduces the Global Housing Resilience Accelerator (GHRA), which implements a mechanism called Tokenised Sustainable Equity for Safe Housing (TSESH). By leveraging technological and regulatory advancements in block chain and blended finance, TSESH transforms trapped housing equity into a liquid, verified resilience asset class called Resilience Property Tokens (RPTs), structured with binding social protection covenants.
The transition toward sustainability and ethical banking is both timely and necessary. However, its success depends on more than rhetoric or superficial commitments. Without substantive institutional and regulatory reform, the expectations imposed on banks may exceed their structural capacities—threatening financial stability and the long-term viability of ethical finance.
The banks’ ESG commitment can be in the form of adopting ESG framework in their banking operation and business strategy, incorporating ESG in credit assessment, and integrating ESG commitment in their banking products. In the case of Islamic banks, incorporating the environmental pillar can be adopted in the form of promoting green financing and integrating environmental risks in the banking operation. At the policy level, the financial authority is required to have an ESG framework to be implemented in the banking industry.Â
Islamic Economics Project 