Green investment and sustainable development : the case of Islamic finance
Joint Authors
Source
Journal of Islamic Business and Management
Issue
Vol. 9, Issue 1 (30 Jun. 2019), pp.14-24, 11 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2019-06-30
Country of Publication
Pakistan
No. of Pages
11
Main Subjects
Financial and Accounting Sciences
Abstract EN
Reflecting on the impact of human activities on future sustainability has intensified the debate about the environment in recent years.
Green investment, also called ethical investment, is considered as a vehicle that strengthens environmental management and sustainable development.
In the Islamic economy, investment has to comply with principles of Shariah to administer justice with all stakeholders, protect the environment and sustain the development process.
The paper sheds light on the Islamic financial system as a manifestation of the Islamic worldview which endorses ethical investment as a path for environmental management and human survival.
Green investment provides an important solution for ensuring environmental protection and meeting people’s basic needs.
It also increases efficacy of the society’s resources.
Islamic finance could play a major role in environmental management by ensuring that green investment sustains growth and supports innovation.
Increase in issuance of Islamic investment instruments like Green Sukuk in recent years is recognition of the importance of the environment in the Islamic economy.
The paper contributes to our understanding about the role that the Shariah’s plays in sustaining development and fostering economic growth.
American Psychological Association (APA)
al-Rabii, Amir& Saria, Adil M.. 2019. Green investment and sustainable development : the case of Islamic finance. Journal of Islamic Business and Management،Vol. 9, no. 1, pp.14-24.
https://search.emarefa.net/detail/BIM-920534
Modern Language Association (MLA)
al-Rabii, Amir& Saria, Adil M.. Green investment and sustainable development : the case of Islamic finance. Journal of Islamic Business and Management Vol. 9, no. 1 (2019), pp.14-24.
https://search.emarefa.net/detail/BIM-920534
American Medical Association (AMA)
al-Rabii, Amir& Saria, Adil M.. Green investment and sustainable development : the case of Islamic finance. Journal of Islamic Business and Management. 2019. Vol. 9, no. 1, pp.14-24.
https://search.emarefa.net/detail/BIM-920534
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 23-24
Record ID
BIM-920534