ISLAMIC FINANCE STANDS AT A HISTORIC CROSSROADS
YOU can fund a brighter future for yourself and the next generations. Sign the Petition
Islamic finance stands at a historic crossroads. With $4.5 trillion in assets, our financial institutions have the power to shape a sustainable future for our Ummah. Every investment decision made today will impact generations to come. Ask your Islamic bank to support increasing investments in renewable energy!
Add your name and be one of many Muslims around the world who demand to direct their money towards increasing investments in renewable energy. Islamic Finance can bring solutions to the climate crisis and push toward the well-being of the people and the planet!
What is Islamic Finance For Earth?
A solution to a crisis.
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.
Just 5% of Islamic finance assets could unlock $400 billion for renewable energy by 2030 creating thousands of green jobs while supporting communities most affected by climate change.
“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
- Engage proactively with stakeholders in the Islamic finance sector
- Disseminate informative resources highlighting Islamic Green Finance Frameworks and success stories
- Unlock capital for funding renewable energy projects
- Collaborate for a magnified impact on the market
- Advocate for reforms and better practices
- Take action within their role in the Islamic finance sector
- Evaluate and share outcomes of Islamic Green Finance Projects
