Islamicity Performance Index di Era ESG: Konvergensi, Kompetisi, atau Kesenjangan dalam Pelaporan Keberlanjutan Syariah?

Abstract

This research is conducted to systematically examine and conceptualize the relationship between
the Islamicity Performance Index (IPI) and the Environmental, Social, and Governance (ESG)
framework within the domain of Islamic sustainability reporting.The analysis is structured
around three analytical lenses, namely convergence, competition, and gap. The method employed
is a literature review of national and international journals relevant to the topics of IPI and ESG.
The findings reveal that the dominant relationship between IPI and ESG is a structural gap.
Convergence occurs partially on the social and governance dimensions, competition emerges at
the epistemological level due to differences in value foundations, while the gap occurs
comprehensively as both frameworks are fundamentally designed to answer different questions.
These findings imply the urgency of developing an integrative Islamic sustainability reporting
framework rooted in maqashid syariah.