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THEHARMONIZATION OFENVIRONMENTAL
SUSTAINABILITY, GREEN ENERGY ANDGREEN
TECHNOLOGY
FROMTHEISLAMIC PERSPECTIVES
Ruzian Markom
Norizan Hassan
UNIVERSITI KEBANGSAAN
MALAYSIA
ICGTEC2014
24-25 November2014
INTRODUCTION
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
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.
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
๏‚› 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:
โ€˜When it is said to them: โ€œmake not mischief on the
earth,โ€ They say: โ€œWhy, we only want to make
peace!โ€ Of a surety, they are the ones who make
mischief, but they realise (it) not.โ€™
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
๏‚› 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:
โ€œMischief 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).โ€
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
ECO -GREEN ENERGY SYSTEM
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
THE CONCEPT OF GREEN ENERGY AND GREEN
TECHNOLOGY IN ENVIRONMENTAL SUSTAINABILITY
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
GOVERNMENT INITIATIVES IN
PROMOTING GREEN TECHNOLOGY
INDUSTRY
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
GREEN TECHNOLOGY
CHALLENGE
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
PROPOSED FRAMEWORK OF ISLAMIC
FINANCING OF GREEN TECHNOLOGY
1.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)
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
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.
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
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.
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
Relationship Between Environmental Sustainability,
Green Technology And Islamic Civilization
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
The Overview of Islamic Feature in
Green Technology
ICGTEC2014 (24-25 November 2014)
Universiti Kebangsaan Malaysia
Thank You For Listening
Wassalam.

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The harmonization of environmental sustainability, green energy

  • 1. THEHARMONIZATION OFENVIRONMENTAL SUSTAINABILITY, GREEN ENERGY ANDGREEN TECHNOLOGY FROMTHEISLAMIC PERSPECTIVES Ruzian Markom Norizan Hassan UNIVERSITI KEBANGSAAN MALAYSIA ICGTEC2014 24-25 November2014
  • 2. INTRODUCTION ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 3. 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. ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 4. ๏‚› 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: โ€˜When it is said to them: โ€œmake not mischief on the earth,โ€ They say: โ€œWhy, we only want to make peace!โ€ Of a surety, they are the ones who make mischief, but they realise (it) not.โ€™ ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 5. ๏‚› 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: โ€œMischief 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).โ€ ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 6. ECO -GREEN ENERGY SYSTEM ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 7. THE CONCEPT OF GREEN ENERGY AND GREEN TECHNOLOGY IN ENVIRONMENTAL SUSTAINABILITY ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 8. GOVERNMENT INITIATIVES IN PROMOTING GREEN TECHNOLOGY INDUSTRY ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 9. GREEN TECHNOLOGY CHALLENGE ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 10. PROPOSED FRAMEWORK OF ISLAMIC FINANCING OF GREEN TECHNOLOGY 1.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) ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 11. 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. ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 12. 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. ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 13. Relationship Between Environmental Sustainability, Green Technology And Islamic Civilization ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 14. The Overview of Islamic Feature in Green Technology ICGTEC2014 (24-25 November 2014) Universiti Kebangsaan Malaysia
  • 15. Thank You For Listening Wassalam.