<![CDATA[Sustainable finance has increasingly integrated environmental, social, and governance (ESG) principles into capital allocation and corporate accountability. Yet mainstream ESG remains largely anthropocentric and instrumental, with emphasis on market legitimacy, stakeholder expectations, and governance incentives. These foundations do not fully capture the transcendental and ethical commitments that shape Islamic finance.This conceptual paper employs an integrative conceptual review and framework-synthesis approach to connect Shariah Enterprise Theory (SET), maqasid al-shariah, and sustainable finance. The synthesis compares the assumptions of mainstream sustainability theories with SET, maps SET's spiritual, social, and environmental accountabilities onto contemporary Islamic finance instruments, and deductively develops propositions for future empirical testing. SET frames accountability as responsibility to Allah, human beings, and nature, while maqasid al-shariah provides the purpose logic through the preservation of religion, life, intellect, lineage, and wealth.The resulting Islamic Sustainable Finance (ISF) framework shows how green sukuk, Islamic social finance, waqf-based investment, and sustainability reporting can move beyond formal Shariah compliance and ESG labeling toward verified social and environmental additionality. The paper contributes theoretically by specifying the accountability mechanisms through which SET extends ESG; managerially by translating SET into observable governance, allocation, and impact practices; and policy-wise by proposing actionable integration of maqasid-oriented indicators into sustainable-finance assessment. The paper concludes that SET can position Islamic finance as a distinctive, purpose-driven contributor to sustainable development while avoiding the reduction of spiritual accountability to symbolic compliance.]]>
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