Islamic climate finance — a sustainable solution
Article Type
Article
Description
Islamic finance aligns with sustainable development by promoting ethical investment principles. It uses tools like Sukuk, Musharakah, and Waqf to fund climate projects. Green Sukuk, introduced in countries like Malaysia and Saudi Arabia, supports renewable energy and sustainable infrastructure. Islamic finance also connects with Socially Responsible Investing (SRI), prioritizing environmental and social impacts. Despite challenges, the potential for growth in Islamic climate finance is significant. It can drive innovation and contribute to a low-carbon economy and a sustainable future.
Publication Source
DAWN
Publication Date
12-2-2024
Pages
02
Recommended Citation
Siddiqui, Ahmed. (2024, December 02). Islamic climate finance — a sustainable solution. DAWN, . 02. https://ir.iba.edu.pk/faculty-research-press/366
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