Sustainable Halal Financing Framework for Blue and Green Economy

Abdulmaliik Adeyanju Oseni (), Nurudeen Babatunde Bamiro (), Saheed Afolabi Ashafa () and Somod Dapo Olohunlana
Additional contact information
Abdulmaliik Adeyanju Oseni: Obafemi Awolowo University
Nurudeen Babatunde Bamiro: Universiti Pendidikan Sultan Idris (UPSI)
Saheed Afolabi Ashafa: Osun State University
Somod Dapo Olohunlana: Universiti Putra Malaysia

A chapter in Green and Blue Economy Frameworks for Halal Industry Sustainability, 2025, pp 253-273 from Springer

Abstract: Abstract Halal financing aims to achieve economic growth while ensuring that all financial activities comply with Islamic ethics, making it inherently aligned with sustainability goals. This study explores the integration of a sustainable Halal financing framework for the Blue-Green economy, focusing on how Islamic financial principles can be leveraged to promote environmental sustainability and ethical investments. Through qualitative analysis, the study conducts a critical literature review incorporating conceptual, theoretical, and empirical perspectives. The study examines key Shariah-compliant financial instruments such as Sukuk, Mudarabah, Musharakah, and Waqf-based funding, assessing their potential to support projects in renewable energy, sustainable agriculture, and marine conservation. Additionally, the research identifies challenges such as regulatory complexities, market constraints, and the need for harmonized international standards. By analyzing the intersection of Islamic finance and the Blue-Green economy, this chapter highlights innovative financing mechanisms aligning with Islamic law and sustainability goals. The findings suggest that with the right regulatory support and collaboration between stakeholders, sustainable Halal financing can play a crucial role in fostering a more resilient and inclusive global economy, driving investments in key sectors that contribute to environmental stewardship and social responsibility.

Keywords: Islamic Finance; Halal financing; Blue-Green economy; Sustainable development (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-1729-6_14

Ordering information: This item can be ordered from
http://www.springer.com/9789819617296

DOI: 10.1007/978-981-96-1729-6_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().