Awqaf-led green finance: a technical know-how

Looking towards 2030, it is evident that significant endeavours are being commenced through strategic initiatives to effectively realise the UN Sustainable Development Goals (SDGs). Numerous significant stakeholders such as government agencies, public and private sectors, and authoritative regulator...

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Main Authors: Mohd Zain, Nor Razinah, Tounchibine, Oumaima, Mohd Noor, Azman, Lechheb, Houda
Format: Book Chapter
Language:English
Published: Routledge, Taylor & Francis Group 2025
Subjects:
Online Access:http://irep.iium.edu.my/113995/1/113995_Awqaf-led%20green%20finance.pdf
http://irep.iium.edu.my/113995/
https://www.taylorfrancis.com/chapters/edit/10.4324/9781032672946-21/awqaf-led-green-finance-razinah-mohd-zain-oumaima-tounchibine-azman-mohd-noor-houda-lechheb
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spelling my.iium.irep.1139952024-08-27T09:32:05Z http://irep.iium.edu.my/113995/ Awqaf-led green finance: a technical know-how Mohd Zain, Nor Razinah Tounchibine, Oumaima Mohd Noor, Azman Lechheb, Houda BPH Islamic Economics BPH741 Waqf BPK Islamic law. Shari'ah. Fiqh HG3368 Islamic Banking and Finance K1001 Commercial Law KBP Islamic Law Looking towards 2030, it is evident that significant endeavours are being commenced through strategic initiatives to effectively realise the UN Sustainable Development Goals (SDGs). Numerous significant stakeholders such as government agencies, public and private sectors, and authoritative regulators or policymakers are actively engaging in ensuring a harmonious integration of the SDGs' three primary components, namely environment, social, and economy. While facing the multifaceted matters of SDGs, the advent of green finance has emerged as an essential mechanism to direct attention towards safeguarding and conserving the environment, without neglecting social and economic components. With such a backdrop, Awqaf undeniably has an integral role to play in the application of green finance in the modern world. Consistent with its classical practices, modern practices of Awqaf are suitable to meet the stipulated objective of green finance. By applying qualitative and meta-analysis approaches, the researchers evaluate the practices of Awqaf as part of the green finance mechanism. Whilst adoptions of Awqaf led-green finance vary from one country to another, it is apparent that as long as it fulfils the Shari'ah-compliance nature, Awqaf can be utilised as a successful tool for green finance-based projects. Indonesia seems to be the giant in leading the way for Awqaf led-green finance at the global scale, and is followed closely by Malaysia and Turkey. Routledge, Taylor & Francis Group 2025 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/113995/1/113995_Awqaf-led%20green%20finance.pdf Mohd Zain, Nor Razinah and Tounchibine, Oumaima and Mohd Noor, Azman and Lechheb, Houda (2025) Awqaf-led green finance: a technical know-how. In: Islamic Green Finance: A Research Companion. Routledge Research Companions in Business and Economics, N/A (N/A). Routledge, Taylor & Francis Group, London, United Kingdom, pp. 158-171. ISBN 978-1-032-67291-5 https://www.taylorfrancis.com/chapters/edit/10.4324/9781032672946-21/awqaf-led-green-finance-razinah-mohd-zain-oumaima-tounchibine-azman-mohd-noor-houda-lechheb 10.4324/9781032672946-21
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BPH Islamic Economics
BPH741 Waqf
BPK Islamic law. Shari'ah. Fiqh
HG3368 Islamic Banking and Finance
K1001 Commercial Law
KBP Islamic Law
spellingShingle BPH Islamic Economics
BPH741 Waqf
BPK Islamic law. Shari'ah. Fiqh
HG3368 Islamic Banking and Finance
K1001 Commercial Law
KBP Islamic Law
Mohd Zain, Nor Razinah
Tounchibine, Oumaima
Mohd Noor, Azman
Lechheb, Houda
Awqaf-led green finance: a technical know-how
description Looking towards 2030, it is evident that significant endeavours are being commenced through strategic initiatives to effectively realise the UN Sustainable Development Goals (SDGs). Numerous significant stakeholders such as government agencies, public and private sectors, and authoritative regulators or policymakers are actively engaging in ensuring a harmonious integration of the SDGs' three primary components, namely environment, social, and economy. While facing the multifaceted matters of SDGs, the advent of green finance has emerged as an essential mechanism to direct attention towards safeguarding and conserving the environment, without neglecting social and economic components. With such a backdrop, Awqaf undeniably has an integral role to play in the application of green finance in the modern world. Consistent with its classical practices, modern practices of Awqaf are suitable to meet the stipulated objective of green finance. By applying qualitative and meta-analysis approaches, the researchers evaluate the practices of Awqaf as part of the green finance mechanism. Whilst adoptions of Awqaf led-green finance vary from one country to another, it is apparent that as long as it fulfils the Shari'ah-compliance nature, Awqaf can be utilised as a successful tool for green finance-based projects. Indonesia seems to be the giant in leading the way for Awqaf led-green finance at the global scale, and is followed closely by Malaysia and Turkey.
format Book Chapter
author Mohd Zain, Nor Razinah
Tounchibine, Oumaima
Mohd Noor, Azman
Lechheb, Houda
author_facet Mohd Zain, Nor Razinah
Tounchibine, Oumaima
Mohd Noor, Azman
Lechheb, Houda
author_sort Mohd Zain, Nor Razinah
title Awqaf-led green finance: a technical know-how
title_short Awqaf-led green finance: a technical know-how
title_full Awqaf-led green finance: a technical know-how
title_fullStr Awqaf-led green finance: a technical know-how
title_full_unstemmed Awqaf-led green finance: a technical know-how
title_sort awqaf-led green finance: a technical know-how
publisher Routledge, Taylor & Francis Group
publishDate 2025
url http://irep.iium.edu.my/113995/1/113995_Awqaf-led%20green%20finance.pdf
http://irep.iium.edu.my/113995/
https://www.taylorfrancis.com/chapters/edit/10.4324/9781032672946-21/awqaf-led-green-finance-razinah-mohd-zain-oumaima-tounchibine-azman-mohd-noor-houda-lechheb
_version_ 1809136369560190976
score 13.211869