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Description of  Islamic Green Finance: A Research Companion (Routledge Research Companions in Business and Economics)

1032672919 pdf This book argues that focusing on the green economy and green finance is essential to counteract the catastrophic, socio-economic effects of the COVID-19 pandemic. Further, while numerous research initiatives in the context of the green economy and/or finance have been observed in different parts of the world, to date, no comprehensive work has been published on the topic of green finance in relation to the discipline of Shariah. This timely book provides a comprehensive guide and offers practical solutions to the core issues of green finance within the principles of Maqasid al-Shariah. It contends that Islamic green finance serves to promote global financial stability and mitigate the financial risks associated with climate change and environmental degradation: by integrating Islamic finance principles with sustainable and environmentally friendly practices by encouraging ethical investments and prioritising long-term social and environmental benefits and by redirecting capital towards sustainable projects and fostering a more sustainable and inclusive financial system. Islamic green finances emphasis on transparency, governance, risk-sharing, and responsible investing helps lessen systemic risks and supports the transition towards a more stable and sustainable global financial landscape. The books holistic approach to green finance in Maqasid al-Shariah aims to ensure that financial actions align with Islamic principles and help create a more sustainable and responsible economic system. Read more