Work

Islamic Green Finance: Shariah-Compliant Pathways towards Sustainable Development Goals (SDGs)

Year: 2025

Type: article

Abstract: The urgency of addressing climate change and environmental degradation has catalyzed the development of green finance globally. Islamic finance, rooted in ethical principles and Shariah law, presents a natural alignment with sustainability goals. This paper explores the conceptual foundations, Shariah principles, practical models, challenges, and opportunities associated with Islamic Green Finance. It highlights real-world initiatives, focusing on the United Arab Emirates’ National Sustainable Finance Framework. Despite facing regulatory and market challenges, Islamic Green Finance offers significant potential to mobilize resources for sustainable development within a Shariah-compliant framework. Strategic recommendations are proposed to enhance its growth and impact globally.

Source: Open Journal of Applied Sciences

DOI: 10.4236/ojapps.2025.155090

Author: Wadeema Aldhaheri

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Climate action, Partnerships for the goals

Open Access status: diamond

OpenAlex ID: W4410730292

FWCI: 11

Cites:

Cited by: 4

Related to: 10