{"id":14426,"date":"2026-03-18T14:27:44","date_gmt":"2026-03-18T14:27:44","guid":{"rendered":"https:\/\/ummah4earth.org\/?page_id=14426"},"modified":"2026-03-19T12:13:26","modified_gmt":"2026-03-19T12:13:26","slug":"islamic-finance-for-earth","status":"publish","type":"page","link":"https:\/\/ummah4earth.org\/en\/islamic-finance-for-earth\/","title":{"rendered":"Islamic Finance for Earth"},"content":{"rendered":"\n

Islamic Finance for Earth<\/h2>\n\n
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Islamic finance manages over $5 trillion globally, projected to reach $8 trillion by 2030. Despite fundamental alignment between Islamic principles and environmental stewardship, less than 2% of these assets currently support climate solutions. <\/p>\n\n\n\n

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Sign the petition<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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OVERVIEW<\/strong><\/p>\n\n

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Islamic Finance for a Clean Energy Future<\/a><\/h4>\n<\/div>\n\n\n\n
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Reassessing Coal in Islamic Finance<\/a><\/h4>\n<\/div>\n\n\n\n
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The Tayyib Fellowship<\/a><\/h4>\n<\/div>\n<\/div>\n\n
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Read & Download the report \u2b07\ufe0f<\/a><\/div>\n\n\n\n
EDUCATE Renewable Energy Toolkit \u2b07\ufe0f<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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The paper\u2019s executive summar<\/strong>y \u2b07\ufe0f<\/a><\/div>\n\n\n\n
Download and Read the full paper<\/strong> \u2b07\ufe0f<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Learn more about the Fellowship<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n
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About the Campaign<\/strong><\/h4>\n\n

Mobilizing Islamic Finance for Climate Action<\/strong><\/em><\/p>\n\n

This isn’t about adding green products to existing Islamic finance systems. It’s about fundamental transformation: from extractive to regenerative, from halal compliance to tayyib, from scripture to faith in action.<\/p>\n\n

By redirecting just 5% of Islamic finance assets toward renewable energy and climate solutions by 2030, we can unlock an estimated $400 billion in climate finance, matching the scale needed for the Loss & Damage Fund under the UNFCCC.<\/p>\n\n

Why This Matters<\/strong><\/h4>\n\n

Muslim-majority countries face devastating climate impacts while their own financial systems enable the crisis. The MENA region contains 12 of the world’s 17 most water-stressed countries. Rising sea levels threaten Indonesia’s Java island (150 million people), Pakistan’s Indus Delta, and Bangladesh’s coast where 20 million face displacement.<\/p>\n\n

Yet Islamic finance’s core principles create natural alignment with climate action: Khalifa (Stewardship), Al Mizan (Balance), La Darar (No Harm), and Hifz al-Nafs (Preservation of Life).<\/strong><\/p>\n\n

The Islamic Sustainable Finance Iinitative (ISFI)<\/strong><\/h4>\n\n

The Islamic Sustainable Finance Initiative (ISFI) is a pioneering partnership between the Global Ethical Finance Initiative (GEFI), Islamic Finance Council UK (UKIFC), and Greenpeace MENA through the Ummah for Earth Alliance. Launched as a COP28 legacy project, ISFI responds to transformative regional commitments including the UAE Banks Federation’s AED 1 trillion sustainable finance pledge by 2030 and DIFC’s goal to train 1 million sustainability leaders.<\/p>\n\n

The initiative serves as a transformative platform dedicated to creating systemic change through:<\/p>\n\n

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  1. Capacity Building:<\/strong> Practitioner-led programmes equipping Islamic finance professionals with the tools to integrate sustainability within a Shariah-compliant context.<\/li>\n\n\n\n
  2. Thought Leadership:<\/strong> Addressing research gaps and pushing intellectual boundaries in Islamic sustainable finance.<\/li>\n\n\n\n
  3. Round Tables:<\/strong> Focused dialogue sessions developing harmonized understanding on key sustainability topics specific to Islamic finance.<\/li>\n\n\n\n
  4. Fellowship Programme:<\/strong> Cultivating the next generation of leaders who embrace a Tayyib approach, moving beyond halal compliance to actively creating benefit.<\/li>\n<\/ol>\n\n

    The Tayyib Inspired Approach<\/strong><\/h4>\n\n

    From Halal to Tayyib: Beyond Compliance to Benefit<\/strong><\/p>\n\n

    While Islamic finance traditionally focuses on avoiding impermissible activities through negative screening (halal), a transformative shift is occurring toward tayyib, actively pursuing what benefits creation.<\/p>\n\n

    Current Islamic finance screening asks only “what’s forbidden?” <\/p>\n\n

    The concept of Tayyib transforms this paradigm. Where halal asks “Is this permissible?”, Tayyib demands “Does this create pure benefit?” Avoiding harm is insufficient; Islamic finance must pursue active regeneration.<\/p>\n\n

    Key Initiatives<\/strong><\/h4>\n\n

    Research & Reports<\/strong><\/p>\n\n

    Our research challenges orthodox thinking through  analysis that expands the boundaries of what’s considered possible within Islamic finance..<\/p>\n\n

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    1. Reassessing Coal in Islamic Finance: Ethical Imperatives for Divestment and Sustainability<\/strong>\n