Fiqhi and Fatwa rulings governing green finance

Mahadi, Nur Farhah and Mohd Yunus, Saidatolakma and batubara, maryam (2025) Fiqhi and Fatwa rulings governing green finance. In: Islamic green finance: a research companion. Routledge, London and New York, pp. 78-88. ISBN 9781032672915

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Abstract

This paper explores the potential of Fiqhi and Fatwa rulings to promote green finance in the pursuit of a more sustainable and responsible financial system. It reviews the growing body of Fiqhi and Fatwa rulings on environmental issues, particularly those related to climate change and resource conservation. The paper deliberates on Fiqhi and Fatwa rulings which address environmental concerns, promoting sustainable development, and economic inclusivity. This includes investing in renewable energy sources, promoting energy efficiency, and developing sustainable agricultural practices, reducing greenhouse gas emissions, conserving water resources, and promoting responsible consumption. The paper concludes that Fiqhi and Fatwa rulings can play a valuable role in promoting green finance and advancing sustainable development. By providing guidance on how Islamic principles can be applied to environmental issues, Fiqhi and Fatwa rulings can help to mobilize Islamic finance resources towards environmentally sustainable investments. This can contribute to a more sustainable and responsible financial system that benefits both the environment and society. By aligning financial practices with Islamic principles and environmental considerations, Muslim countries are contributing to a more equitable and sustainable future for all.

Item Type:	Book Chapter
Uncontrolled Keywords:	Fiqhi, Fatwa Rulings, Green Finance
Subjects:	BPH Islamic Economics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Nur Farhah Mahadi
Date Deposited:	27 Jan 2025 11:10
Last Modified:	27 Jan 2025 11:32
URI:	http://irep.iium.edu.my/id/eprint/118960

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