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Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh

The regulators and policy makers of Bangladesh are very much aware about the impact of climate change and pollution on the economy and quality of life of the citizens. This concern is manifested by the efforts to introduce the green banking policy and guidelines where green practices are promoted...

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Main Authors:	Julia, Taslima, Kassim, Salina, Engku Ali, Engku Rabiah Adawiah
Format:	Conference or Workshop Item
Language:	English
Published:	International Research Centre of Islamic Economics and Finance (IRCIEF) 2018
Subjects:	BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning
Online Access:	http://irep.iium.edu.my/67135/1/67135_Are%20the%20Green%20Projects%20in%20Line.pdf http://irep.iium.edu.my/67135/ https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/22.-Are-the-Green-Projects-in-Line-with-the-Maqasid-Shariah-An-Assessment-of-Green-Firms-in-Bangladesh.pdf
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id	my.iium.irep.67135
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spelling	my.iium.irep.671352018-10-29T03:12:14Z http://irep.iium.edu.my/67135/ Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning The regulators and policy makers of Bangladesh are very much aware about the impact of climate change and pollution on the economy and quality of life of the citizens. This concern is manifested by the efforts to introduce the green banking policy and guidelines where green practices are promoted among the investors, financiers and businessmen. However, there is a lack of investigation of the performance of the projects, which are classified as “green” according to the Bangladesh central bank policy. As an extension to our earlier work which has elaborated on the shariah-compliancy of the green banking policy of Bangladesh, this paper aims to explore the shariah-compliancy of the green businesses. In methodology, we consider the Maqasid Shariah parameters and design survey questionnaires to be administered on five green companies to confirm the preset themes on Maqasid Shariah. The sample firms sourced their financings from various shariah-based banks’ green financing scheme. The collected data is analyzed following deductive thematic analysis approach and it is ascertained by respondents of the green companies that sustainability of green firms is positively related to the Maqasid Shariah and green firms’ activities are in line with Shariah. International Research Centre of Islamic Economics and Finance (IRCIEF) 2018 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/67135/1/67135_Are%20the%20Green%20Projects%20in%20Line.pdf Julia, Taslima and Kassim, Salina and Engku Ali, Engku Rabiah Adawiah (2018) Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh. In: 1st Global Conference on Islamic Economics and Finance 2018 (GCIEF 2018), 24th-25th Oct. 2018, Kuala Lumpur. https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/22.-Are-the-Green-Projects-in-Line-with-the-Maqasid-Shariah-An-Assessment-of-Green-Firms-in-Bangladesh.pdf
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	BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning
spellingShingle	BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
description	The regulators and policy makers of Bangladesh are very much aware about the impact of climate change and pollution on the economy and quality of life of the citizens. This concern is manifested by the efforts to introduce the green banking policy and guidelines where green practices are promoted among the investors, financiers and businessmen. However, there is a lack of investigation of the performance of the projects, which are classified as “green” according to the Bangladesh central bank policy. As an extension to our earlier work which has elaborated on the shariah-compliancy of the green banking policy of Bangladesh, this paper aims to explore the shariah-compliancy of the green businesses. In methodology, we consider the Maqasid Shariah parameters and design survey questionnaires to be administered on five green companies to confirm the preset themes on Maqasid Shariah. The sample firms sourced their financings from various shariah-based banks’ green financing scheme. The collected data is analyzed following deductive thematic analysis approach and it is ascertained by respondents of the green companies that sustainability of green firms is positively related to the Maqasid Shariah and green firms’ activities are in line with Shariah.
format	Conference or Workshop Item
author	Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah
author_facet	Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah
author_sort	Julia, Taslima
title	Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
title_short	Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
title_full	Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
title_fullStr	Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
title_full_unstemmed	Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
title_sort	are the green projects in line with the maqasid shariah? an assessment of green firms in bangladesh
publisher	International Research Centre of Islamic Economics and Finance (IRCIEF)
publishDate	2018
url	http://irep.iium.edu.my/67135/1/67135_Are%20the%20Green%20Projects%20in%20Line.pdf http://irep.iium.edu.my/67135/ https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/22.-Are-the-Green-Projects-in-Line-with-the-Maqasid-Shariah-An-Assessment-of-Green-Firms-in-Bangladesh.pdf
_version_	1643618146668511232
score	13.211869

Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh

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