Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh
The regulators and policy makers of Bangladesh are very much aware about the impact of climate change and pollution on the economy and quality of life of the citizens. This concern is manifested by the efforts to introduce the green banking policy and guidelines where green practices are promoted...
| Main Authors: | , , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
International Research Centre of Islamic Economics and Finance (IRCIEF)
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/67135/ http://irep.iium.edu.my/67135/1/67135_Are%20the%20Green%20Projects%20in%20Line.pdf |
| _version_ | 1848786704476930048 |
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| author | Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah |
| author_facet | Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah |
| author_sort | Julia, Taslima |
| building | IIUM Repository |
| collection | Online Access |
| description | The regulators and policy makers of Bangladesh are very much aware about the impact of
climate change and pollution on the economy and quality of life of the citizens. This concern
is manifested by the efforts to introduce the green banking policy and guidelines where green
practices are promoted among the investors, financiers and businessmen. However, there is a
lack of investigation of the performance of the projects, which are classified as “green”
according to the Bangladesh central bank policy. As an extension to our earlier work which
has elaborated on the shariah-compliancy of the green banking policy of Bangladesh, this
paper aims to explore the shariah-compliancy of the green businesses. In methodology, we
consider the Maqasid Shariah parameters and design survey questionnaires to be administered
on five green companies to confirm the preset themes on Maqasid Shariah. The sample firms
sourced their financings from various shariah-based banks’ green financing scheme. The
collected data is analyzed following deductive thematic analysis approach and it is ascertained
by respondents of the green companies that sustainability of green firms is positively related
to the Maqasid Shariah and green firms’ activities are in line with Shariah. |
| first_indexed | 2025-11-14T17:13:16Z |
| format | Proceeding Paper |
| id | iium-67135 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:13:16Z |
| publishDate | 2018 |
| publisher | International Research Centre of Islamic Economics and Finance (IRCIEF) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-671352018-10-29T03:12:14Z http://irep.iium.edu.my/67135/ Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning The regulators and policy makers of Bangladesh are very much aware about the impact of climate change and pollution on the economy and quality of life of the citizens. This concern is manifested by the efforts to introduce the green banking policy and guidelines where green practices are promoted among the investors, financiers and businessmen. However, there is a lack of investigation of the performance of the projects, which are classified as “green” according to the Bangladesh central bank policy. As an extension to our earlier work which has elaborated on the shariah-compliancy of the green banking policy of Bangladesh, this paper aims to explore the shariah-compliancy of the green businesses. In methodology, we consider the Maqasid Shariah parameters and design survey questionnaires to be administered on five green companies to confirm the preset themes on Maqasid Shariah. The sample firms sourced their financings from various shariah-based banks’ green financing scheme. The collected data is analyzed following deductive thematic analysis approach and it is ascertained by respondents of the green companies that sustainability of green firms is positively related to the Maqasid Shariah and green firms’ activities are in line with Shariah. International Research Centre of Islamic Economics and Finance (IRCIEF) 2018 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/67135/1/67135_Are%20the%20Green%20Projects%20in%20Line.pdf Julia, Taslima and Kassim, Salina and Engku Ali, Engku Rabiah Adawiah (2018) Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh. In: 1st Global Conference on Islamic Economics and Finance 2018 (GCIEF 2018), 24th-25th Oct. 2018, Kuala Lumpur. https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/22.-Are-the-Green-Projects-in-Line-with-the-Maqasid-Shariah-An-Assessment-of-Green-Firms-in-Bangladesh.pdf |
| spellingShingle | BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning Julia, Taslima Kassim, Salina Engku Ali, Engku Rabiah Adawiah Are the green projects in line with the Maqasid Shariah? an assessment of green firms in Bangladesh |
| title | Are the green projects in line with the Maqasid Shariah? an
assessment of green firms in Bangladesh |
| title_full | Are the green projects in line with the Maqasid Shariah? an
assessment of green firms in Bangladesh |
| title_fullStr | Are the green projects in line with the Maqasid Shariah? an
assessment of green firms in Bangladesh |
| title_full_unstemmed | Are the green projects in line with the Maqasid Shariah? an
assessment of green firms in Bangladesh |
| title_short | Are the green projects in line with the Maqasid Shariah? an
assessment of green firms in Bangladesh |
| title_sort | are the green projects in line with the maqasid shariah? an
assessment of green firms in bangladesh |
| topic | BP173.75 Islam and economics HB126.4 Islamic Economics HC94 By region or country HD72 Economic growth, development, planning |
| url | http://irep.iium.edu.my/67135/ http://irep.iium.edu.my/67135/ http://irep.iium.edu.my/67135/1/67135_Are%20the%20Green%20Projects%20in%20Line.pdf |