the harmonization of environmental sustainability, green energy

THE HARMONIZATION OF ENVIRONMENTAL SUSTAINABILITY, GREEN

ENERGY AND GREEN TECHNOLOGY FROM THE ISLAMIC PERSPECTIVES

Ruzian MarkomNorizan Hassan

UNIVERSITI KEBANGSAAN MALAYSIA

ICGTEC2014 24-25 November

2014

INTRODUCTION

ICGTEC2014 (24-25 November 2014)

Universiti Kebangsaan Malaysia (UKM)

THE CONCEPT OF ENVIRONMENTAL SUSTAINABILITY FROM THE SHARIAH

PERSPECTIVES Clean environment is important for human

survival, health and quality of life.

Man and nature are the two main components of green energy in the eco system of human life.

Both were created together as interdependent and interrelated. If one had the time of extinction, the entire ecosystem will be destroyed.



Shariah law prohibits people from doing mischief on earth.

This prohibition has been explained in Surah al-Baqarah, verse 11 and 12, which translated as:

‘When it is said to them: “make not mischief on the earth,” They say: “Why, we only want to make peace!” Of a surety, they are the ones who make mischief, but they realise (it) not.’



Man activities contributes to the mischief and damage to the earth such as the environmental pollution, forest fires and open burning. Allah SWT mentioned in Surah Ar-Rum, verse 41 translated as:

“Mischief has appeared on land and sea because of the greed and the hands of men have earned, that Allah may give them a taste of some of their deeds: in order that they may turn back (from Evil).”



ECO -GREEN ENERGY SYSTEM



THE CONCEPT OF GREEN ENERGY AND GREEN TECHNOLOGY IN ENVIRONMENTAL

SUSTAINABILITY



GOVERNMENT INITIATIVES IN PROMOTING GREEN

TECHNOLOGY INDUSTRY



GREEN TECHNOLOGY CHALLENGE



PROPOSED FRAMEWORK OF ISLAMIC FINANCING OF GREEN

TECHNOLOGY1.Shariah

Governance

5.Governing Laws

6.Positive Impact to Individual, society and

state

4. Shariah compliant green activities

2. Commitment to the Islamic ethical values

3. Sharing of Risk/Contractual Relationship

The Legal Framework of Islamic Financing of Green

Technology Projects

Source: Updated from Mohamad Akram Laldin (2013)



MODEL ISLAMIC FINANCING OF GREEN INDUSTRY

Musyarakah based framework for Islamic microfinance projects was created to provide appropriate access in areas outside the grid from renewable energy areas where it does not exist and the area is not large (Goud B., 2012).

Financing projects have also been implemented in Indonesia in which one bank, Bank Syariah Mandiri provides project financing with Musyarakah (Shahrudin, 2006).

Islamic financing green energy model may be modified in accordance with the structure of green technology, but it does not require big modification because of the obvious similarities between green energy and green technology.



CONCLUSIONS Preservation of environmental sustainability is the duty

of every individual on this earth. Islam encourages the exploration of knowledge related

to the usage of technology as catalyst in ensuring quality of environment which lead to the quality of life.

Green technology is seen as a tool to help people maintain environmental sustainability locally and globally.

Initiatives to encourage the development of green technologies should be realized through the scheme of Islamic financing.

With funding scheme, it will not only help people who want to venture green energy projects, but it can encourage those who have small capital to operate the business based on the equipment of green technology.



Relationship Between Environmental Sustainability, Green Technology And

Islamic Civilization



The Overview of Islamic Feature in Green Technology



Thank You For ListeningWassalam.