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Islamic Finance and Renewable Energy

Islamic Finance and Renewable Energy

Year Published

2024

Contributing Organisations

Global Ethical Finance Initiative (GEFI)
Greenpeace MENA

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Islamic Finance
Topic 2
Energy Generation

Target Audience

All

Relevant Geography

Global
Islamic Finance and Renewable Energy

Resource Summary

This report highlights the importance of Islamic financial institutions recognising the significant investment potential in the renewable energy sector, which offers competitive financial returns alongside positive social and environmental impacts. A central theme of the report is the inherent compatibility between Islamic finance and the principles of sustainability. It highlights how renewable energy investment aligns with Islamic guidelines, promoting environmental conservation, social justice, and responsible stewardship of natural resources. With these principles grounded in the Quran and the Hadith, it highlights how renewable energy stands as an avenue for Sharia-compliant investments.

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