What is Islamic Finance For Earth?

As the climate crisis continues to lay its toll on vulnerable populations and the health of our common home, the Islamic finance industry with total assets reaching USD 4.5 trillion in 2023 presents a glimpse of hope!Islamic Finance can support global climate action by providing ethical financial solutions that align with sustainability. The sector can contribute to bridging the climate finance gap and promoting a more sustainable future by increasing investment in renewable energy. By aligning Shariah-compliant finance with climate action, we fulfill our role as guardians of the Earth while generating ethical returns that help build a resilient future for generations to come.

islamic finance wind turbine

“Islamic Finance and Renewable Energy” Report

The “Islamic Finance and Renewable Energy” report, is a collaborative informative effort between Greenpeace MENA as part of the Ummah For Earth Alliance and The Global Ethical Finance Initiative (GEFI). This report examines the profound connection between Islamic finance and renewable energy, providing a comprehensive analysis of how Shariah-compliant financial instruments can drive the global transition to sustainable energy.  It serves as a call to action for all stakeholders to recognize and act upon the significant potential of the intersection of Islamic finance and renewable energy.

The report demands key stakeholders to EDUCATE

EDUCATE Renewable Energy Toolkit and Guide

Unlock Islamic Finance for Climate Action

The EDUCATE Renewable Energy Toolkit equips Islamic financial institutions with everything needed to develop effective renewable energy financing strategies. Building on the Islamic Finance and Renewable Energy report, this comprehensive package goes deeper into the EDUCATE framework: Engage, Develop, Utilize, Capacity, Align, Track, Exchange.

Also featuring more than eight interactive workbooks covering stakeholder engagement, Shariah assessment, product selection, capacity building, target setting, and impact reporting, the toolkit equips institutions to unlock the $400 billion climate finance opportunity identified in the “Islamic Finance and Renewable Energy” report.

Whether you’re beginning your renewable energy journey or scaling existing efforts, these ready-to-use tools help you navigate the unique intersection of Shariah compliance and sustainability requirements while building greater institutional expertise.