Research Article

Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective

Volume: 12 Number: 1 March 20, 2026
EN TR

Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective

Abstract

The twenty-first century has witnessed significant innovations in both economic paradigms and financial activities. One such innovation is the paradigm of the “green economy,” which has emerged in response to the impasses and shortcomings of mainstream economic thought, aiming to meet contemporary needs in a sustainable manner. On the one hand, studies framed around the question “Where does Islamic economics stand in relation to this paradigm?” argue that Islamic economics is capable of aligning itself with the green agenda; on the other hand, Islamic financial institutions, along with regulatory and standard-setting bodies, have taken concrete steps by launching various initiatives compatible with the green economy. While each of these efforts is valuable, our findings suggest that there has been no comprehensive study addressing the legal and ethical principles of the green economy. This research seeks to fill that gap, employing qualitative data analysis and the document review method. The study concludes that Islamic economics is in harmony with the objectives of the green economy and sustainability, and that Islamic legal and ethical principles already encompass these aims. At the same time, it underscores that the green economy is not the sole agenda of Islam, and that Islamic economics must preserve its essence in the face of emerging trends and transient currents.

Keywords

Ethical Statement

This study is a revised and enhanced version of the paper presented by Dr. Ozat Shamshiyev at the International Conference on Islamic Business 2025, organized in collaboration with Riphah International University and Sakarya University Research Center for Islamic Economics and Finance (ISEFAM), held on 23–24 April 2025 at Riphah International University, Islamabad.

References

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Details

Primary Language

English

Subjects

Economic Theory (Other)

Journal Section

Research Article

Publication Date

March 20, 2026

Submission Date

September 9, 2025

Acceptance Date

December 20, 2025

Published in Issue

Year 2026 Volume: 12 Number: 1

APA
Shamshiyev, O., & Aljarhi, M. A. (2026). Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective. Uluslararası İslam Ekonomisi Ve Finansı Araştırmaları Dergisi, 12(1), 138-159. https://doi.org/10.54427/ijisef.1780972
AMA
1.Shamshiyev O, Aljarhi MA. Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective. IJISEF. 2026;12(1):138-159. doi:10.54427/ijisef.1780972
Chicago
Shamshiyev, Ozat, and Mabid Ali Aljarhi. 2026. “Is Islamic Economy ‘Green’ Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective”. Uluslararası İslam Ekonomisi Ve Finansı Araştırmaları Dergisi 12 (1): 138-59. https://doi.org/10.54427/ijisef.1780972.
EndNote
Shamshiyev O, Aljarhi MA (March 1, 2026) Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective. Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi 12 1 138–159.
IEEE
[1]O. Shamshiyev and M. A. Aljarhi, “Is Islamic Economy ‘Green’ Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective”, IJISEF, vol. 12, no. 1, pp. 138–159, Mar. 2026, doi: 10.54427/ijisef.1780972.
ISNAD
Shamshiyev, Ozat - Aljarhi, Mabid Ali. “Is Islamic Economy ‘Green’ Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective”. Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi 12/1 (March 1, 2026): 138-159. https://doi.org/10.54427/ijisef.1780972.
JAMA
1.Shamshiyev O, Aljarhi MA. Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective. IJISEF. 2026;12:138–159.
MLA
Shamshiyev, Ozat, and Mabid Ali Aljarhi. “Is Islamic Economy ‘Green’ Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective”. Uluslararası İslam Ekonomisi Ve Finansı Araştırmaları Dergisi, vol. 12, no. 1, Mar. 2026, pp. 138-59, doi:10.54427/ijisef.1780972.
Vancouver
1.Ozat Shamshiyev, Mabid Ali Aljarhi. Is Islamic Economy “Green” Enough? Legal and Ethical Foundations of Green Economy from an Islamic Perspective. IJISEF. 2026 Mar. 1;12(1):138-59. doi:10.54427/ijisef.1780972

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